FY2006-37 Establishing KIBSD Funds for FY2007KODIAK ISLAND BOROUGH
RESOLUTION NO. FY2006 -37
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 1, 2006 AND ENDING JUNE 30, 2007
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 $32,885,353 that
includes a Kodiak Island Borough contribution for FY2007of $8,671,260 of which $7,740,440 is
appropriation and $930,820 is for in kind services; and
WHEREAS, the amount of funds to be appropriated from local sources for school purposes will be
incorporated into Ordinance No. FY2007 -01, the Borough's fiscal year 2007 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, 2007 is set at $32,885,353 including a Kodiak
Island Borough local contribution of $8,671,260 of which $7,740,440 is cash and $930,820 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, 2007.
ADOPTED BY THE ASSEMBLY OF THE KODIAK ISLAND BOROUGH
THIS EIGHTEENTH DAY OF MAY 2006
ATTEST:
( 2
udith A. Nielsen,t
Kodiak Island Borough, Alaska
, Borough Clerk
KODIAK ISLAND BOROUGH
Requested by: KIB Board of Education
Drafted by: Finance Director
Introduced: 05/1 8 /2006
Public Hearing: 05/18/2006
Adopted: 05/18/2006
pile M. Selby, Bono ugtt_Mayor
Resolution No. FY2006 -37
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