EFY19 Budget 2018-6-4
Item Details
- Meeting
- June 4, 2018 – Board of Education Work Sessions
- Category
- 2. Work Sessions
- Type
- Information item
Public Content
Background Information:
4:00 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.
Since the passage of the FY19 preliminary budget, the State of Alaska Legislature appropriated a one-time grant to school districts for FY19. The increase resulted in an increase to State funding in the amount of $1,405,152.
KPB has set a minimum funding amount at their first May meeting, which is the same funding we received in FY18 in the amount of $49,738,432. KPB has one additional meeting on June 5th to finalize funding for education.
During the budgeting process, administration has provided details of potential cuts to the FY19 budget. With the additional funding from the State of Alaska, cuts that would of directly affected the classroom are being recommended to remain in the budget.
In addition, we have two items that could increase expenditures above what is currently in the preliminary FY19 budget. One item involves adding a support position at some of the high schools to assist with providing supervision and support for brick-and-mortar (traditional) students enrolled in non-traditional courses. such as Distance Education Courses, Jump-Start/Dual Credit Courses and Independent Study Courses. The schools that wish to participate have a .50 FTE Certified position that will not be filled to help offset the cost of the 1.0 FTE support position. This change would cost approximately $100,000 at the most.
Each year our healthcare broker reviews our plan costs and provides us with a cost projection for the traditional and high deduction health plans. In March, we requested an updated cost projection for FY19. The result of the newest projection could increase the budgeted healthcare by approximately $500,000.