Budget
The school's annual budget is developed by the administration and subject to approval by the Board of Trustees. The school does not levy any taxes.
Reserves In 2010, the school reported a balance of zero in an unreserved-designated fund. The unreserved-undesignated fund balance was reported as $647,589.00 In 2008, Lincoln Park Administration reported a balance of $156,479 in its unreserved-undesignated fund. Pennsylvania public school agency reserve funds are divided into two categories – designated and undesignated. The undesignated funds are not committed to any planned project. Designated funds and any other funds, such as capital reserves, are allocated to specific projects. School districts are required by state law to keep 5 percent of their annual spending in the undesignated reserve funds to preserve bond ratings. According to the Pennsylvania Department of Education, from 2003 to 2010, as a whole, Pennsylvania public school entities (school districts, charter schools and Intermediate Units combined) amassed nearly $3 billion in reserved funds.
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