CFY19 Budget and Student Nutrition Charge Policy 2018-8-6

3:00 p.m.

General Fund 

This revision includes final updates to the FY19 Budget after actions by the Alaska State Legislature and the Kenai Peninsula Borough Assembly.
On April 2, 2018, the FY19 General fund operating budget passed with a revenue budget of $142,198,097 and the use of fund balance of $1,300,400 for a total revenue budget of $143,498,497. An expenditure budget of $142,548,497 and a transfer to Food Service for $950,000 for total expenditures of $143,498,497. 

Revenue Budget

On May 12, 2018, the State Legislature passed SB142 and was signed into law by Governor Walker on June 22, 2018 approving a one-time increase to our funding in the estimated amount of $1,405,152. 

 
State funding includes Quality Schools funding of $287,724, On-Behalf funding of $9,274,890 and State foundation revenue of $79,434,290 and one-time funding of $1,405,152, for a total State contribution to General Fund Revenue of $90,402,056. 

 
On June 5, 2018, the Kenai Peninsula Borough passed Ordinance 2018-19 appropriating funds for fiscal year 2019. Funding approved by the assembly includes $39,536,406 for appropriation, which included $652,609 over the prior year, and In-Kind services in the amount of $10,854,635 for total funding of $50,391,041.

On June 19, 2018, Mayor Pierce vetoed the additional amount of $652,609 over prior year funding.

July 6, 2018 KPB held a special meeting to address the Mayor’s veto. The vote to overturn the veto was 5 in favor, 4 against. Since 6 votes are needed to override, the veto reduction by Mayor Pierce was successful. 

KPB Funding for FY19 remains at the same level as FY18 at $38,883,797 for appropriation and $10,854,635 for in-kind services totaling $49,738,432.
With these adjustments, FY19 Revenue from all sources total $141,545,488, and the use of fund balance of $1,430,222 for total revenue and use of fund balance of $142,975,710.

Expenditure Budget

With the change in revenue, administration is making a recommendation to make expenditures cuts totaling $522,787 that include the following:

Purchasing Supervisor                       $115,485

School Administration                           29,419

Extra-Curricular Stipends                      23,665

Art Specialist                                      120,034

District Office Travel                             60,000

School Administration Travel                   9,184

State Tournament Travel                      15,000

Extra-Curricular Travel                         35,000

Connections Supplies                          100,000

Extra-Curricular Safety Equipment         15,000

Total                                                $522,787

The decrease to the expenditure budget of $522,787 and the transfer to food service of $950,000 will result in an expenditure budget of $142,975,710.

Fund Balance
The anticipated use of fund balance totals $1,430,222, which is $112,113 over the amount previously discussed with the board. 

Student Nutrition Services Charge Policy
AR3550

On 12/4/17, AR3550 was adopted to meet the requirements that all School Districts have a charge policy.  We are providing information regarding the end of the school year outstanding charges that exist at each school. Outstanding charges vary widely throughout the district, by region and school configuration.