FY2015-01 Establishing the Funds to be Made Available to the Kodiak Island Borough School District FY2015 1 Introduced by: Borough Manager
2 Requested by: School District Board
Drafted by: Finance Director
3 Introduced on: 05/15/2014
4 Public Hearing: 05/15/2014
5 Adopted on: 05/15114
6
7 KODIAK ISLAND BOROUGH
8 RESOLUTION NO. FY2015-01
9
10 A RESOLUTION OF THE ASSEMBLY OF THE KODIAK ISLAND
11 BOROUGH ESTABLISHING THE MINIMUM AMOUNT OF FUNDS TO BE
17 MADE AVAILABLE FROM LOCAL SOURCES FOR THE KODIAK ISLAND
13 BOROUGH SCHOOL DISTRICT FOR THE FISCAL YEAR BEGINNING
14 JULY 1, 2014 AND ENDING JUNE 30, 20'15
15
16 WHEREAS, Kodiak Island Borough Code of Ordinances 3.15.030B provides that the
17 Kodiak Island Borough Board of Education shall submit the proposed budget and local
18 support requirements for the schools by April 30; and
19
20 WHEREAS, the Kodiak Island Borough Board of Education submitted their proposed
21 budget and local support requirements for the schools on April 24; and
22
23 WHEREAS, within thirty days after receipt of the school district budget, the assembly shall
24 determine the amount of funds to be made available from local sources for school purposes
25 and shall furnish the Board of Education with a statement of the sum to be made available;
26 and
27
28 WHEREAS, the Board of Education has submitted their FY2015 budget at $51,803,358
29 which includes a request for local funding (Kodiak Island Borough) of$11,171,800.
30
31 WHEREAS, the amount of funds to be appropriated from local sources for school purposes
32 will be incorporated into Ordinance No. FY2015-01, the Borough's fiscal year 2015
33 appropriation and tax levy ordinance; and
34
35 WHEREAS, FY2015 motor vehicle registration taxes are estimated at$280,000; and
36
37 WHEREAS, the Fiscal Year 2015 assessed value is estimated at $1,160,000,000 (one
38 billion, one hundred and sixty million); and
39 WHEREAS, at an assessed value of $1,160,000,000 (one billion, one hundred and sixty
40 million) and a mill rate of 9.16 mills the education support fund will receive $10,625,600 in real
41 and personal property tax revenues; and
42 WHEREAS, the School District appropriation stated in this resolution may be adjusted as
43 part of the Borough budget process.
44
Kodiak Island Borough, Alaska Resolution No. FY2015-01
Page 1 of 2
45 NOW, THEREFORE, BE IT RESOLVED BY THE ASSEMBLY OF THE KODIAK ISLAND
46 BOROUGH that the minimum amount to be made available to the Kodiak Island Borough
47 School District from local sources for the fiscal year ending June 30, 2015 is set at
48 $10,905,600 for both the direct appropriation and in kind services.
49
50 NOW, THEREFORE, BE IT FURTHER RESOLVED BY THE ASSEMBLY OF THE KODIAK
51 ISLAND BOROUGH that a mill levy of at least 9.16 mills for education support will be set for
52 the fiscal year ending .tune 30, 2015.
53
54 NOW, THEREFORE, BE IT FURTHER RESOLVED BY THE ASSEMBLY OF THE KODIAK
55 ISLAND BOROUGH that a determination regarding additional funding may be made available
56 to the Kodiak Island Borough School District based upon federal, state, and local funding
57 available for the fiscal year ending June 30, 2015.
58
59 NOW, THEREFORE, BE IT FURTHER RESOLVED BY THE ASSEMBLY OF THE KODIAK
60 ISLAND BOROUGH any in-kind service expenditures over the budgeted amounts will have to
61 be absorbed by the Kodiak Island Borough School District.
62
63 ADOPTED BY THE ASSEMBLY OF THE KODIAK ISLAND BOROUGH
64 THIS FIFTEENTH DAY OF MAY, 2014
65
66 KODIAK ISLAND BOROUGH
67
68
69
70 rrol Fne , Borough Mayor
71
72 ATTEST:
73
75
76 Nova M. Javier, M(VI , Borough Clerk
Kodiak Island Borough,Alaska Resolution No. FY2015-01
Page 2 of 2