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FY2019-01 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, 2018 And Ending June 30, 20191 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 42 43 Introduced by: Borough Manager Drafted by: Finance Director Introduced on: 05/15/2018 Amended on: 05/15/2018 Adopted on: 05/15/2018 KODIAK ISLAND BOROUGH RESOLUTION NO. FY2019-01 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, 2018 AND ENDING JUNE 30, 2019 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 18, 2018; 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 $45,644,750 which includes a request of KIB support for $10.430.597 of which $430,000 is in kind services and $10.000.597 is appropriation; and WHEREAS, the amount of funds to be appropriated from local sources for school purposes will be incorporated into Ordinance No. FY201-01, the Borough's fiscal year 2019 appropriation and tax levy ordinance; and WHEREAS, FY2019 motor vehicle registration taxes are estimated at $234,000; and WHEREAS, the Estimated Fiscal Year 2019 certified assessed value is $1,369,680,377 (one billion, three hundred sixty-nine million, six hundred eighty thousand, three hundred seventy-seven); and WHEREAS, at a certified value of $1,369,680,377, the education support fund will receive an estimated $9,656,244 in real and personal property tax revenues; and Kodiak Island Borough, Alaska Resolution No. FY2019-01 Page 1 of 2 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 WHEREAS, the School District appropriation stated in this resolution may be adjusted as part of the Borough budget process; and 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, 2019 is set at $9,890,244 for both direct appropriation and in kind services. ADOPTED BY THE ASSEMBLY OF THE KODIAK ISLAND BOROUGH THIS FIFTEENTH DAY OF MAY, 2018. KODIAK ISLAND BOROUGH ATTEST: Daniel A. Rohrer, Mayor Nova M. Javier, MMC, VOTES: Ayes: Crow, Kavanaugh, Skinner, Smiley, Symmons, Van Daele Absent: Schroeder Kodiak Island Borough, Alaska Resolution No. FY2019-01 Page 2 of 2