Brevard Academy Reports Healthy Finances
Last updated 6/18/2018 at 4:29pm
Nick Iosue, vice chair and treasurer of the Brevard Academy: A Challenge Foundation Academy Board of Directors, informed the board at its monthly meeting last Wednesday that by June 30 of this year, the school’s fund balance will be close to $800,000.
The school is projected to run a budget surplus of $326,000 for this fiscal year. By adding this year’s surplus to the fund balance from the previous years, the school is projected to have a fund balance of $791,00 by the end of this fiscal year.
Iosue also praised school director Ted Duncan for working closely with him on the proposed b...