1983-31 Accounting For A Reservation Of An Amount Of The Year End Fund Balance For The Kodiak Island Borough School District.0 1
WHEREAS, the Kodiak Island Borough is required by Alaska Statute,
Title 29, Section 33.050, to establish, maintain and operate a system of public
schools on an areawide basis under the provisions of A.S. 14.14.060, and
F.
School
WHEREAS, an annual appropriation is made by the Borough to the
District's General Fund with total resources in a fiscal year equal in
amount to the expenditures and encumbrances incurred, and
WHEREAS, the Thirteenth Alaska State Legislature has passed and
Governor Sheffield has signed a supplemental appropriation bill for payments
to school districts under the Public School Foundation which resulted in an
KODIAK ISLAND BOROUGH
RESOLUTION NO. 83 -31 -R
amount of $620,000 to the Kodiak Island Borough School District, and
WHEREAS, the Governor, when signing the bill and House Finance
Chairman, Al Adams, on passing the bill out of committee both indicated that
School Districts will need to use some of this supplemental appropriation to
absorb inflationary increases, and
WHEREAS, the Kodiak Island Borough School District had developed a
balanced FY83 budget based upon the expected shortfall in Foundation revenue,
and
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A RESOLUTION OF THE KODIAK ISLAND BOROUGH ASSEMBLY ACCOUNTING FOR A
RESERVATION OF AN AMOUNT OF THE YEAR END FUND BALANCE FOR THE KODIAK ISLAND
BOROUGH SCHOOL DISTRICT.
WHEREAS, receipt of additional monies after March of a school year
are more appropriately planned into a budgetary cycle for future years, and
WHEREAS, under A.S. 14.14.060 (a), the provision for a central
reasury, that portion of the annual budgeted appropriation in excess of the
amount necessary to balance the District's total annual resources to its
annual expenditures incurred, operating transfers and encumbrances outstanding,
lapses to the Borough at year end, and
WHEREAS, the State appropriation for the Public School Foundation
program for FY84 will not be known before the Legislature adjourns, and
Predictions are that it will be no more than and possibly less than the
- urrent year, and
WHEREAS, further predictions are that State Revenues are heading
into a period of decline.
n l n 1
NOW, THEREFORE, BE IT RESOLVED by the Kodiak Island Borough Assembly
that the annual appropriation of the Kodiak Island Borough School District
include the amount of $620,000 as a reservation of fund balance to be
dedicated for the educational purpose of maintenance of the current level of
educational program, and /or, if necessary the transition of program toward a
period of declining State Revenues.
PASSED AND APPROVED this 7th day of April
by the Borough Assembly.
ATTEST:
By
Borough C1
Resolution No. 83 -31 -R
Page 2
, 1983