2023-03-25 Special Work SessionKodiak Island Borough
Assembly Special Budget Work Session
Saturday, March 25, 2023, 9:00 a.m.
Assembly Chambers
Work Sessions are informal meetings of the Assembly where Assembly members review the upcoming regular
meeting agenda packet and seek or receive information from staff. Although additional items not listed on the work
session agenda are discussed when introduced by the Mayor, Assembly, or staff, no formal action is taken at work
sessions and items that require formal Assembly action are placed on regular Assembly meeting agenda. Citizen's
comments at work sessions are NOT considered part of the official record. Citizen's comments intended for the
"official record" should be made at a regular Assembly meeting.
Page
Citizens' Comments 1-907-486-3231 or Toll Free 1-855-492-9202
(Limited To Three Minutes Per Speaker)
2. Agenda Items
a. Submission Of The FY2024 Budget And Capital Program To The 2
Assembly
Agenda Item Report - Pdf
b. General Budget Discussion 3 - 6
FY2024 Budget Status
C. KIBSD Budget Funding Discussion
This meeting is open to the public and will be broadcast on the Borough's YouTube Channel. Meeting packets are available
online. Please subscribe to get meeting notifications when meeting packets are published. For public comments, please call
(907) 486-3231 or (855) 492-9202.
Page 1 of 6
AGENDA ITEM #2.a.
KODIAK ISLAND BOROUGH
STAFF REPORT
MARCH 25, 2023
ASSEMBLY WORK SESSION
SUBJECT: Submission Of The FY2024 Budget And Capital Program To The Assembly
ORIGINATOR: Dave Conrad, Interim Borough Manager
RECOMMENDATION:
Manager to submit FY2024 budget and capital program to the Assembly.
DISCUSSION:
KIBC 3.15.030 Budget and capital program.
A. On or before the first of April of each year, the manager shall submit the budget and capital
program to the assembly. The budget and budget message shall contain the proposed
appropriation and tax levy ordinance.
ALTERNATIVES:
FISCAL IMPACT:
OTHER INFORMATION:
Kodiak Island Borough
Page 2 of 6
Submission Of The FY2024 Budget And Capital Program To The Assembly
FY2024 Budget Status as of 03/24/23
General Fund
100
General Fund
Special Revenue Funds
201
Education Support Fund
210
Land Sales - Resource Management
220
Building & Grounds
234
LEPC - Emergency Planning Committee
240
Womens Bay Road Service District
242
Service District No.1
244
Monashka Bay Road District
246
Bay View Road Service District
250
Fire Protection Area No. 1- Bayside Fire Station
252
Womens Bay Fire Department
254
KIB Airport Fire District
260
Woodland Acre Lights
261
Trinity Island Light District
262
Mission Lake Tide Gate
276
Facilities Fund
277
Tourism Development
278
Commercial Passenger Vessel
Debt Service Fund
300
Debt Service - School
Enterprise Funds
530
Waste Disposal & Collection
540
Hospital Enterprise Fund
545
Long -Term Care Health Services
555
KFRC - Research Facility
556
Research Court Apartments
560
911 Service - NIRF or 911 Service
General Budget Discussion
Budget
Balanced
FA
J
AGENDA ITEM #2.b.
Description
Need property tax revenues & non-profit expenses
Need local contribution amount
SA Public Hearing March 28th
Need expense allocation information
Need property tax revenue and State reimbursement %
Page 3 of 6
Kodiak Island Borough
Maximum Local Property Tax Revenue Computation
FY2023 Budget (Jul 2022 - Jun 2023)
TY2021 Real & personal property taxes levied
Note 1 - TY20 Adjustments
Adjusted Prior Year Maximum Allowable Tax Revenue
Plus: Adjustment for inflation (CY2021 Inflation Rate using the
Anchorage Consumer Price index - Urban = 4.90%)
Plus: Exclusions for:
1 Taxes on New Construction/Improvements (Note 2 Adjustments)
2 Voter Approved Services
3 Judgements Paid in FY2022
4 Special Appropriations on an emergency basis
FY23/TY22 Maximum Local Tax Revenue Allowed, After Exclusions
`Note 1' PriorYear true up Adjustment Details
Prior Maximum Allowable Property Tax Revenue 'CAP'
FY21 (TY20) Property Tax Total
Less Actual Revenues
FY21 (TY20) Property Tax Total
Total for Note 1
AGENDA ITEM #2.b.
Areawide Non -Exempt Funds
3 Funds (Gen 100. Educ 201, R&R 469)
$ 13,561,149
$ (188,626)
$ 13,372,523
655,254
209,889
$ 14,237,666
Areawide
Non -Exempt
(Gen 100, Educ 201, R&R 469)
13,208,853
13,397,479
($188,626)
NOTE: For tax levy purposes, exemptions are estimated. Due to these estimations, deficient or excess taxes may be
unintentionally levied. Any deficiencies or excesses levied in a tax year will be adjusted for in the following year.
`Note 2' Exclusions for New Construction and Improvements
Taxable Assessment Prior Year Combined Mill Rate Total Adjustment
New Construction & Improvements $ 4,369,000 9.10 $ 39,758
Land Status Change $18,695,670 9.10 $170,131
$23,064,670 Total for Note 2 $209,889
Mill Rate comprises
General Fund 2.11
Education Support 6.99
Renewal & Replacement 0.00
9.10
Page 4 of 6
General Budget Discussion
AGENDA ITEM #2.b.
Kodiak Island Borough
FY2024 Planning Version
Area Wide Tax Totals
FY2023 Maximum Allowable Property Tax Revenue (MAPTR) : $14,237,666
Tax Category
Fund
Fund Description
Tot Tax Revenue needed
Area Wide - Limited
100
General Fund - Operations
$
Area Wide - Limited
100
General Fund - Transfer
$
Total General Fund
$
AreaWide- Limited
201
KIBSD Education Support
$ -
AreaWide- Limited
469
Facilities Maintenance
MAPTR Limit
$ 14,237,666
Area Wide - Not Limited
300
Debt Service -Education
$
Page 5 of 6
General Budget Discussion
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Decrease in mill
rate
MAPTR Calculation per KIBC 3.25.030
FY2023 $14,237,666
Increase in total
assessed value
The maximum allowable property tax revenue (MAPTR) calculation determines the
total amount of taxes the Borough is able to collect for area wide taxes.
Since property tax revenues are limited by the MAPTR calculation, any increase in
assessed values would mean a decrease in mill rate. The final taxes collected will always
be the MAPTR calculation total.
KODIAK ISLAND BOROUGH
Meeting Type: }��11,���,6,Ad4 fl J1JUf. � C.V, Date: �-
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