AFY20 Budget REVISED

The detailed *FY20 Preliminary Budget document is presented for review by all interested parties. Board action on the FY20 budget is scheduled for the April 1, 2019 board meeting. The following information is provided to help facilitate the understanding of the FY20 Preliminary General Fund budget.

Enrollment Projection

The process used to project the FY20 enrollment is based on a straight-line method for most schools as of October 18, 2018. The steps involved in arriving at the projection of 8,681 students included:

• Students at school sites were moved ahead one grade level, with some variance based on school administrator input.
• Charter school enrollment projections are in concert with the contractual agreement between each charter school and the district.
• Staffing for Homer Flex, Kenai Alternative and Marathon school locations are set according to amounts stated in Board AR 6183.
• Kindergarten enrollment based on the average actual enrollment for FY17, FY18 and FY19, with some modifications based on additional information from school administrators.

Sites affected by feeder schools were adjusted according to anticipated student movement.

The District was required to submit the FY20 enrollment projection to the State of Alaska Department of Education and Early Development by November 5, 2018.

Revenue

State of Alaska revenue projections for FY20 is based on the Base Student Allocation (BSA) of $5,930 of the State of Alaska Foundation Funding Formula. This is the same BSA amount used by the state for the FY17, FY18 and FY19 budget years. State revenues include $79,009,719 for Foundation Funding, $287,358 for Quality Schools funding, and $2,100,012 One-time funding for a total of $81,397,089. State revenue projections do not reflect the Governor’s proposed budget.

Administration has, for demonstrative purposes, budgeted KPB support in the amount of $52,537,091. This budgeted KPB revenue amount is the projected maximum allowable local contribution for FY20. If maximum allowable funding is received, it will provide needed funding for the student social emotional support plan, continued support of existing programs, and increased costs associated with collective bargaining.

Total General Fund Revenue available for FY20 from all sources $145,387,469.

Expenditures

Expenditures in the FY20 Preliminary General Fund Budget total $144,437,469. Additionally, there is a transfer to Food Service scheduled in the amount of $950,000. The total of all expenditures and transfers for the FY20 Preliminary General Fund Budget is $145,387,469.

REVISED

*The link to the FY20 Preliminary Budget was added on March 19, 2019.