CFY25 Budget Revisions for General Funds and Student Transportation
Item Details
- Meeting
- June 2, 2025 – Board of Education Meeting
- Category
- 13. Action Items
- Type
- Action item
Motions
Move to approve FY25 Budget Revisions for General Funds and Student Transportation.
Moved by Virginia Morgan · Seconded by Penny Vadla
Yes: Dianne MacRae, Kelley Cizek, Penny Vadla, Sarah Douthit, Tim Daugharty, Virginia Morgan, Zen Kelly
Not present at vote: Jason Tauriainen, Patti Truesdell
Public Content
FY25 Revised General Fund Budget
Revenue Budget – General Fund
The FY25 20-day count ended October 25, 2024, and the Average Daily Membership (ADM) information was due to the state on November 8, 2024. The FY25 ADM, which determines the level of state funding for this year, was reported at 8,264.06 students, which was 34.06 students above the 8,230 students projected for FY25. The count included 7,148.41 students in brick-and-mortar schools and 1,115.65 students enrolled in the Connections home school program. The original enrollment projection also included 195 intensive needs students. The number of intensive needs students submitted to the state was 221, an increase of 26. The final reconciliation of the intensive needs students reduced our count by 3, for a total of 218.
The increase in ADM even with the reduction in the intensive needs students increased our State of Alaska revenue by $38,246 for a total of State Foundation revenue of $69,180,449.
The one-time funding, which is based on the 20-day count, was increased from the budgeted amount of $11,639,812 by $4,352 for a total of one-time funding of $11,644,164.
The total revised revenue budget is $151,510,112.
Expenditure Budget – General Fund
The expenditure budget is budgeted at $151,510,112.
Fund Balance
With these changes to revenues, we anticipate a reduction to the use of the fund balance of $42,598, for a total use of fund balance of $6,144,293.
FY25 Revised Student Transportation Budget
Revenue Budget – Student Transportation
The Preliminary revenue budget for Student Transportation was based on 7,130 students at $1,115 per student for a total of $7,949,950. The FY25 20-day, completed in October, has a count of 7,148.41 students eligible for transportation. That increase of 18.41 students results in an increase of revenue in the amount of 45,952 for a total revenue budget of $7,995,902.
Expenditure Budget – Student Transportation
The expenditure budget has an increase of $45,952 for fuel costs and surcharge, bringing the total expenditure budget to $7,995,902.