FY2016-01 Establishing the Funds to be Made Available to the Kodiak Island Borough School District FY20161 Introduced by: Borough Manager
2 Requested by: School District Board
Drafted by: Finance Director
3 Introduced on: 05/21/2015
4 Public Hearing: 05/21 /2015
5 Adopted on: 05/21 /2015
6
7 KODIAK ISLAND BOROUGH
8 RESOLUTION NO. FY2016-01
9
10 A RESOLUTION OF THE ASSEMBLY OF THE KODIAK ISLAND
11 BOROUGH ESTABLISHING THE MINIMUM AMOUNT OF FUNDS TO BE
12 MADE AVAILABLE FROM LOCAL SOURCES FOR THE KODIAK ISLAND
13 BOROUGH SCHOOL DISTRICT FOR THE FISCAL YEAR BEGINNING
14 JULY 19 2015 AND ENDING JUNE 30, 2016
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 30; 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 FY2016 budget at $46,923,938
29 which includes a request for local funding (Kodiak Island Borough) of $10,905,600.
30
31 WHEREAS, the amount of funds to be appropriated from local sources for school purposes
32 will be incorporated into Ordinance No. FY2016-01, the Borough's fiscal year 2016
33 appropriation and tax levy ordinance; and
34
35 WHEREAS, FY2016 motor vehicle registration taxes are estimated at $280,000; and
36
37 WHEREAS, $140,000 can be transferred into the Education Support Fund from the
38 Facilities Fund for School Building Insurance; and
39
40 WHEREAS, the Fiscal Year 2016 assessed value is estimated at $1,200,000,000 (one billion,
41 two hundred million); and ,
42 WHEREAS, at an assessed value of $1,200,000,000 (one billion, two hundred million) and a
43 mill rate of 8.25 mills the education support fund will receive $9,900,000 in real and personal
44 property tax revenues; and
Kodiak Island Borough, Alaska Resolution No. FY2016-01
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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 minimum amount to be made available to the Kodiak Island Borough
School District from local sources for the fiscal year ending June 30, 2016 is set at
$10,320,000 for both the direct appropriation and in kind services.
NOW, THEREFORE, BE IT FURTHER RESOLVED BY THE ASSEMBLY OF THE KODIAK
ISLAND BOROUGH that a mill levy of at least 8.25 mills for education support will be set for
the fiscal year ending June 30, 2016.
NOW, THEREFORE, BE IT FURTHER RESOLVED BY THE ASSEMBLY OF THE KODIAK
ISLAND BOROUGH that a determination regarding additional funding may be made available
to the Kodiak Island Borough School District based upon federal, state, and local funding
available for the fiscal year ending June 30, 2016.
NOW, THEREFORE, BE IT FURTHER RESOLVED BY THE ASSEMBLY OF THE KODIAK
ISLAND BOROUGH any in -kind service expenditures over the budgeted amounts will have to
be absorbed by the Kodiak Island Borough School District.
ADOPTED BY THE ASSEMBLY OF THE KODIAK ISLAND BOROUGH
THIS TWENTY FIRST DAY OF MAY, 2015
ATTEST:
Nova M. Javier, MMC, gorough Clerk
KODIAK ISLAND B ROUGH
�3 1
rol Friend,`Borough Mayor
Kodiak Island Borough, Alaska
Resolution No. FY2016-01
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