EKPBSD FY 19 General Fund Budget
Item Details
- Meeting
- May 7, 2018 – Board of Education Work Sessions
- Category
- 1. Work Sessions
- Type
- Information item
Public Content
Background Information:
3:45 p.m.
As you are aware, at the April 2nd School Board meeting, KPBSD passed the FY19 General Fund Budget including expenditures and transfers of $143,498,497. This included General Fund revenues of $142,198,097 as well as anticipated use of Fund Balance in the amount of $1,300,400. The Kenai Peninsula Borough (KPB), was asked to provide funding at the projected maximum allowable funding amount of $51,796,193, and the State of Alaska funding was based on a flat Base Student Allocation (BSA) amount of $5,930.
KPBSD is currently waiting for our two funding entities, the State of Alaska and KPB, to finalize their individual budgets so we can then finalize our FY19 General Fund Budget.
The Legislature is in the process of trying to finalize their FY19 Budget, and no date certain is available at this time.
KPB has a meeting on May 1st that they must provide some kind of budget response to the KPBSD request, or by state statute our request amount will stand. Historically, KPB has set a minimum funding amount at their first May meeting, and finalized the amount at a subsequent meeting. KPB has subsequent meetings set for May 15th and June 5th.