AREVISED FY26 Preliminary Budget
Item Details
- Meeting
- April 23, 2025 – REVISED Board of Education Special Meeting
- Category
- 3. Action Item
- Type
- Action item
Motions
Move to approve the FY26 Preliminary Budget based on the 680 BSA Increase Scenario.
Moved by Zen Kelly · Seconded by Jason Tauriainen
Yes: Dianne MacRae, Jason Tauriainen, Patti Truesdell, Penny Vadla, Sarah Douthit, Tim Daugharty, Virginia Morgan, Zen Kelly
No: Kelley Cizek
Move to amend by adopting the Morgan/Douthit Amendment 1 and Attachment A.
Moved by Virginia Morgan · Seconded by Sarah Douthit
Yes: Dianne MacRae, Jason Tauriainen, Kelley Cizek, Patti Truesdell, Penny Vadla, Sarah Douthit, Tim Daugharty, Virginia Morgan, Zen Kelly
Move to amend to remove Sterling Elementary closure and in it's place institute a reduction in transportation transfer for 550, 000 and then shorting the funding contingency by 152, 000.
Moved by Kelley Cizek · Seconded by Jason Tauriainen
Yes: Dianne MacRae, Kelley Cizek
No: Jason Tauriainen, Patti Truesdell, Penny Vadla, Sarah Douthit, Tim Daugharty, Virginia Morgan, Zen Kelly
Public Content
FY26 Preliminary Budget Revenue
State of Alaska revenue projections for FY26 were created using $5,960 as the Base Student Allocation (BSA) in the State of Alaska Foundation Funding Formula.
In addition, the preliminary revenue budget is projecting the same amount of funding equivalent to $680 BSA increase that is in the current FY25 budget.
The student enrollment projection of 8,125 for FY26, listed in the Five-Year Enrollment Projection document, was used in the Foundation Formula to calculate estimated state revenue.
State revenues include $64,297,274 for Foundation Funding, $11,390,599 for funding equivalent to +680 BSA increase, $268,014 for Quality Schools funding, and on-behalf payments of $6,861,026 for a total State funding of $82,816,913.
Administration has budgeted KPB support in the amount of $62,359,080. In-kind services are budgeted at the same level as FY25 of $15,314,096 and $47,044,984 as appropriation.
Other budgeted revenues include e-rate, interest earnings, and miscellaneous for a total of
$1,180,000.
Total General Fund Revenue available for FY26 is estimated to be $146,355,993.
Expenditures
The FY26 expenditure budget was developed with input from the Board of Education. The preliminary budget includes Salaries and Benefits, Utilities, Supply, and other operational accounts.
The total of all expenditures for the FY26 Preliminary General Fund budget is $146,355,993.