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FY2024-01 Establishing School Funding9 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 44 45 46 47 48 49 KODIAK ISLAND BOROUGH RESOLUTION NO. FY2024-01 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, 2023, AND ENDING JUNE 30, 2024 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 28, 2023; 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 $47,601,942.54 which includes a request of KIB support for $12,455,244, of which $550,000 is in kind services and $11,905,244 is appropriation; and WHEREAS, the amount of funds to be appropriated from local sources for school purposes will be incorporated into Ordinance No. FY2024-01, the Borough's fiscal year 2024 appropriation and tax levy ordinance; 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, 2024, is set at $12,205.244 for both direct appropriation and in-kind services. ADOPTED BY THE ASSEMBLY OF THE KODIAK ISLAND BOROUGH THIS TWENTY FIFTH DAY OF MAY, 2023 KODIAK ISLAND BOROUGH Scott Arndt, Borough Mayor VOTES: Ayes: Griffin, LeDoux, Smiley, Smith, Delgado No: Turner Resolution No. FY2024-01 ATT�ST: ova M. Javier, MMC, 13010 ugh Clerk Page 1 of 1