2005-25 KIBSD Funds FY2006A 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 1, 2005 AND ENDING JUNE 30, 2006
WHEREAS, Kodiak Island Borough Code of Ordinances 3.08.030B provides that the Kodiak
Island Borough Board of Education shall submit the proposed budget and local support
requirements for the schools by the thirtieth of April; 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 Board of Education has submitted a proposed budget of $29,252,466 that
includes a Kodiak Island Borough contribution for FY2006 of cash and in -kind services in the
amount of $8,863,654; and
WHEREAS, the amount of funds to be appropriated from local sources for school purposes
will be incorporated into Ordinance No. FY2006 -01, the Borough's fiscal year 2006
appropriation and tax levy ordinance;
NOW, THEREFORE, BE IT RESOLVED BY THE ASSEMBLY OF THE KODIAK ISLAND BOROUGH
that the minimum amount for the Kodiak Island Borough School District education operating
budget for the fiscal year ending June 30, 2006 is set at $28,959,252 including a Kodiak
Island Borough local contribution of $8,570,440 of which $7,640,440 is cash and $930,000
is in -kind services. The Kodiak Island Borough School District can use their fund balance in
increase their budget to their reflected level.
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, 2006.
ATTEST:
�� �
d ith A. Nielsen, c Borough Clerk
ADOPTED BY THE ASSEMBLY OF THE KODIAK ISLAND BOROUGH
THIS NINETEENTH DAY OF MAY 2005
Kodiak Island Borough, Alaska
KODIAK ISLAND BOROUGH
RESOLUTION NO. FY2005 -25
KODIAK ISLAND BOROUG
Requested by: KIB Board of Education
Drafted by: Finance Director
Introduced: 05/19/2005
Public Hearing: 05/19/2005
Adopted: 05/19/2005
e M. Selby, Borough M
Resolution No. FY2005 -25
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