DFY26 General Fund, Student Transportation, and Student Nutrition Budget Revisions

FY26 Revised General Fund Budget

Revenue Budget – General Fund

The FY26 June budget revision reflects adjustments to foundation funding based on updated enrollment data and special education counts.

A decrease in Connections students from 1,188.51 to 1,184.71 results in a reduction of 3.80 students. Applying the statutory 0.90 multiplier yields an adjusted reduction of 3.42 students.  In addition, a further reduction of 0.82 full-time equivalent (FTE) students is applied based on the Alaska Department of Education and Early Development (DEED) reconciled Fall OASIS count. This results in a total adjusted enrollment reduction of 4.24 students.

Applying the Base Student Allocation (BSA) of $6,660 per student results in a total enrollment-based funding reduction of $28,238.

This decrease is partially offset by the addition of two SPED intensive needs students. Under the applicable funding formula (2 students × factor of 13 × $6,660 BSA), this results in additional funding of $173,160.

After netting the enrollment reduction against the special education increase, the FY26 June budget revision reflects a net increase in foundation funding of $144,922.  A small adjustment to Quality School revenue in the amount of $348 is also applied following the enrollment and special education funding adjustments described above.

The total revised revenue budget is $147,165,274.

Expenditure Budget – General Fund

The following adjustments and fund transfers are included in the revised budget:

• Electricity and fuel expenditures have been increased by $252,381 to reflect updated utility cost projections.
• A transfer of $571,924 is anticipated to the SNS Fund to support operational requirements.
• A transfer of $50,000.00 is anticipated to the Pupil Transportation Fund to support transportation-related expenses.

The revised expenditure budget is $148,628,784.

Fund Balance

Since total projected expenditures exceed anticipated revenues, the budget includes the use of fund balance in the amount of $1,463,510. This appropriation results in total budgeted revenues of $148,628,784.

FY26 Revised Student Transportation Budget

Revenue Budget – Student Transportation

The Preliminary revenue budget for Student Transportation was based on 7,053 students at $1,112 per student for a total of $7,842,936 plus the approved fund transfer of $200,000.  The FY26 20-day, completed in October 2025, has a count of 6,959.29 students eligible for transportation. That reduction of 93.71 students results in a reduction of revenue in the amount of $104,206.

The total revised revenue budget is $7,938,730.

Expenditure Budget – Student Transportation

The expenditure budget reflects an increase in fuel differential costs due to ongoing fluctuations and elevated fuel pricing in the current market. As a result, total expenditures are budgeted at $8,081,974.

Transfer In and Fund Balance

Since total budgeted expenditures exceed anticipated revenues, a general fund transfer of $50,000 has been scheduled, along with an anticipated use of pupil transportation fund balance of $93,244. These adjustments bring total revenues and transfers to $8,081,974. 

FY26 Revised Student Nutrition Services Budget

Revenue Budget – Student Nutrition Services

The revised revenue budget for Student Nutrition includes $735,000 in paid lunch revenue, $2,624,310 in federal free and reduced meal reimbursements, and $175,000 in USDA support. This results in total revised revenues of $3,535,085.

Expenditure Budget – Student Nutrition Services

The expenditure budget reflects a slight increase in salaries and benefits, as well as a more substantial increase in food and delivery costs, driven by current market conditions and ongoing volatility in food pricing and transportation (fuel-related) expenses. As a result, the total expenditure budget is $4,107,009.

Transfer In

Since total budgeted expenditures exceed anticipated revenues, the use of fund balance has been budgeted in the amount of $571,924. This results in total revenues and transfers equal to $4,107,009.