FY2017-01 Establishing the Minimum Amount of Funds to be Made Available From Local Sources for the KIBSD for the Fiscal Year Beginning July 1, 20161
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Introduced by:
Requested by:
Drafted by:
Introduced on:
Public Hearing:
Amended:
Adopted on:
KODIAK ISLAND BOROUGH
RESOLUTION NO. FY2017-01
Borough Manager
School District Board
Finance Director
05/05/2016
05/05/2016
05/05/2016
05/05/2016
A RESOLUTION OF THE ASSEMBLY OF THE KODIAK ISLAND
BOROUGH ESTABLISHING THE MINIMUM AMOUNT OF FUNDS
TO BE MADE AVAILABLE FROM LOCAL SOURCES FOR THE
KODIAK ISLAND BOROUGH SCHOOL DISTRICT FOR THE FISCAL
YEAR BEGINNING JULY 17 2016 AND ENDING JUNE 305 2017
WHEREAS, Kodiak Island Borough Code of Ordinances 3.15.030B 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 22; and
WHEREAS, 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 amount of funds to be appropriated from local sources for school
purposes will be incorporated into Ordinance No. FY2017-01, the Borough's fiscal year
2017 appropriation and taxy levy ordinance; and
WHEREAS, FY2017 motor vehicle registration taxes are estimated at $280,000; and
WHEREAS, the Fiscal Year 2017 assessed value is estimated at $1,290,000,000 (one
billion, two hundred ninety million); and
WHEREAS, at an assessed value of $1,290,000,000 (one billion, two hundred ninety
million) and a mill rate of 7.75 mills the education support fund will receive $9,997,500 in
real and personal property tax revenues; and
WHEREAS, the School District appropriation stated in this resolution may be adjusted as
part of the Borough budget process.
Kodiak Island Borough, Alaska Resolution No. FY2017-01
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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, 2017 is set at
48 $10,277,500 for both the direct appropriation and in kind services.
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50 NOW, THEREFORE, BE IT FURTHER RESOLVED BY THE ASSEMBLY OF THE
51 KODIAK ISLAND BOROUGH that a mill levy of at least 7.75 mills for education support
52 will be set for the fiscal year ending June 30, 2017.
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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, 2017.
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 FIFTH DAY OF MAY 2016
ATTEST:
Vy
Nova M. Javier, MMC, Borou Clerk
KODIAK ISLAN BO
a
Jerrol Frien rough Mayor
Kodiak Island Borough, Alaska Resolution No. FY2017-01
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