Main: 302-323-2700 • Transportation: (302) 323-2851
Select Page
Home » Financials



In June of 2010, the district formed a Citizen Financial Oversight Committee in accordance with Title XIV Del. C. 1508.  The purpose of the Committee is to oversee the financial position of the district and the Committee is given access to financial documents and information.

The Committee consists of seven committee members as approved by the Board of Education.
The current members are:

  • Matthew A. Jacobs, Chairperson
  • Tanya Kerns, Vice-Chairperson
  • Becky Reed, Secretary
  • Dawn Green
  • Susan Jones
  • Leon Wilson IV
  • Debra Sharrow

The Committee meets on the first Tuesday of each month to review the monthly Budget Variance Report and other financial reports before submission to the Board of Education for approval.

Want to Attend In Person?

The Financial Oversight Committee meeting is currently being held via Zoom.
Meeting ID:
If you have an interest to attend in person, please notify our Chief Financial Officer, Emily Falcon
at 302-323-2729 or

Helpful Information:

Senior Citizens – Make sure you apply for the Property Tax rebate program.  Click here for details on the New Castle County website.

Transparency of District Finances (as required by House Substitute 1 for House Bill 119) – This resource will provide you with financial data related to the State’s purchase of goods and services, as well as reimbursements. As you browse the online checkbook, you will be able to view payment information by state agency or school district, expenditure category, or vendor. This data will be updated on a quarterly basis and available to you all year round with the click of a button.

State of Delaware – Open Checkbook
Delaware Department of Education – Education Statistics Reporting
Glossary of Budget Terms


In March 2021 President Biden signed the America Rescue Plan (ARP) in response to the pandemic, with $122 billion appropriated to the Elementary and Secondary School Emergency Relief (ESSER) fund. The Colonial School District received $30,671,394. All funds must be spent by September 2024. Colonial’s plan for the ESSER funds impacts every building, every employee group and every department. 

Learn more at 

Annual Budget

The district administration and Financial Oversight Committee present a preliminary budget to the Board of Education in July of each year.  The district operates under the preliminary budget until a final budget is approved after the Department of Education certifies the September 30th unit count.  The final budget is approved by the Board of Education in December or January of the fiscal year.

Final Budgets:

Preliminary Budgets:

 Monthly Budget Reports

The district administration and Financial Oversight Committee present a monthly Budget Variance Report to the Board of Education for its approval at each monthly Board meeting.

The Monthly Budget Reports for the month of:

Previous Monthly Reports

Tax Warrant

Annually, by the second Thursday in July, the Board of Education approves the annual tax rate.

Financial Position Reports

School districts in Delaware are required to prepare financial position reports 3 times annually.  The purpose of the reports is to project the district’s cash balance to ensure financial stability.

Fiscal Year 2022

Fiscal Year 2021

Fiscal Year 2020

Fiscal Year 2019

Fiscal Year 2018

Fiscal Year 2017