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FY2025-01 Establishing The Amount Of Funds To Be Made Available From Local Sources For The Kodiak Island Borough School District1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 KODIAK ISLAND BOROUGH RESOLUTION NO. FY2025-01 A RESOLUTION OF THE ASSEMBLY OF THE KODIAK ISLAND BOROUGH ESTABLISHING THE AMOUNT OF FUNDS TO BE MADE AVAILABLE FROM LOCAL SOURCES FOR THE KODIAK ISLAND BOROUGH SCHOOL DISTRICT FOR THE FISCAL YEAR BEGINNING JULY 1, 2024, AND ENDING JUNE 30, 2025 WHEREAS, Kodiak Island Borough Code of Ordinances 3.15.030E provides that the Kodiak Island Borough Board of Education shall submit the proposed budget and local support requirements for the schools by April 30; and WHEREAS, the Kodiak Island Borough Board of Education submitted their proposed budget and local support requirements for the schools on April 30, 2024; and WHEREAS, pursuant to AS 14.14.060(c), within thirty days after receipt of the school district budget, the assembly shall determine the amount of funds to be made available from local sources for school purposes and shall furnish the Board of Education with a statement of the sum to be made available; and WHEREAS, the Board of Education has submitted a proposed budget of $48,982,196.03 which includes a request of KIB support for $12,316,558, of which $650,000 is in kind services and $11,666,558 is appropriation; and WHEREAS, the amount of funds to be appropriated from local sources for school purposes will be incorporated into Ordinance No. FY2025-01 and Ordinance No. FY2025-02, the Borough's fiscal year 2025 tax levy and appropriation ordinances; and WHEREAS, the School District appropriation stated in this resolution may be adjusted as part of the Borough budget process. NOW, THEREFORE, BE IT RESOLVED BY THE ASSEMBLY OF THE KODIAK ISLAND BOROUGH that the amount to be made available to the Kodiak Island Borough School District from local sources for the fiscal year ending June 30, 2025, is set at $12,316,558 for both direct appropriation and in -kind services. ADOPTED BY THE ASSEMBLY OF THE KODIAK ISLAND BOROUGH THIS THIRTIETH DAY OF MAY, 2024 Resolution No. FY2025-01 Page 1 of 2 42 43 44 45 46 47 48 49 50 51 52 53 54 KODIAK ISLAND BOROUGH Scott Arndt, Mayor VOTES: Ayes: Smiley, Turner, Griffin Noes: Whiteside Absent: Ames Resolution No. FY2025-01 LeDoux. and Sharratt ATTEST: wok M. Javier, MMC, Borough Clerk Page 2 of 2 I 71