- 澳门六合彩历史记录
- Department Overview
- FY25 Budget Planning
Office of Management and Budget
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March 18, 2024: After much promise and hope of a needed investment in public education, the legislature failed to override Governor Dunleavy’s veto of Senate Bill 140. The failure to override the governor’s veto creates uncertainty for the many districts across the state that are in dire need of an increase to the Base Student Allocation to combat years of flat funding and unprecedented inflation. We have not lost hope yet, as 澳门六合彩历史记录 will advocate to include additional funding in the state’s budget this session. In the absence of funding from the State, 澳门六合彩历史记录 will be faced with considering additional budget reductions that could negatively impact our students' education. We encourage you to voice your support for investing in public education to your elected officials.
Link: "The impacts of Governor Dunleavy's SB 140 veto and next steps for 澳门六合彩历史记录."
Overview
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On Tuesday, February 27th, 2024, the Anchorage School Board approved the FY25 preliminary budget. The District will provide an updated version to the public and the Municipality of Anchorage (MoA) by Monday, March 4th per the charter deadline.
The District is projecting a decrease in total General Fund revenue from the FY 2023-24 budget to the FY 2024-25 Pro Forma in the amount of $63.48 million (10.39 percent) when comparing revenues without the use of fund balance. The difference reflects decreases in local taxes and user fees, reductions in State formula funding based on enrollment, and the removal of one-time State funds appropriated by the Legislature, which is slightly offset by increases in interest earnings, federal impact aid, and other reimbursements.
School Board Meeting 02/27/2024
Important info
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Projected Budget Deficit
The projected budget gap between anticipated revenues and expenditures for the General Fund, under current law, is $98.24 million. Total revenue is projected to decrease by $63.5 million or 10.39 percent, while expenditures are projected to increase by $36.0 million, or about 5.90 percent, without the use of fund balance or the receipt of one-time state funds. However, with the use of the available fund balance at approximately $53 million, the projected budget gap can be reduced to $46.5 million, as shown below:
Adopted Budget
Pro Forma
FY24 Adopted Budget vs.
FY25 Pro Forma
Line #
FY 2023-24
FY 2024-25
$
%
General Fund Revenue
Local Revenue
1
$ 259,359,130
$ 228,721,663
$ (30,637,467)
-11.81%
State Revenue
2
335,643,090
302,546,796
(33,096,294)
-9.86%
Federal Revenue
3
15,991,918
16,243,177
251,259
1.57%
4
610,994,138
547,511,636
(63,482,502)
-10.39%
General Fund Expenditures
Salaries (net of attrition) [1]
5
365,473,018
391,469,220
25,996,202
7.11%
Benefits (net of attrition) [1]
6
153,218,863
159,881,560
6,662,697
4.35%
Contracted Services
7
66,766,106
68,412,547
1,646,441
2.47%
Supplies
8
18,467,241
18,740,071
272,830
1.48%
Capital Outlay
9
2,021,198
2,243,895
222,697
11.02%
Insurance/Other
10
5,047,712
5,007,849
(39,863)
-0.79%
Total General Fund Expenditures
12
610,994,138
645,755,141
34,761,003
5.69%
General Fund Budget Gap
13
$ -
$ (98,243,505)
$ (98,243,505)
Potential Authorized Use of Fund Balance
14
鈥
53,000,000
53,000,000
General Fund Budget Gap with Fund Balanc
15
鈥
$ (45,243,505)
$ (45,243,505)
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•澳门六合彩历史记录 revenue is depicted in Base Student Allocation (BSA) equivalent dollars
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The FY 2024-25 revenue projections are updated to reflect the State OASIS average daily membership (ADM) count period, completed in October, for FY 2023-24; however, school level projections are not yet available, and projections will be updated once those are known.
Using the FY 2023-24 Adopted Budget as the baseline, the District realized a decrease in enrollment during the OASIS count of about 1,279 students from projections. This is the combination of a decline of 582 regular ADM (approximately -1.40 percent) and of 697 correspondence ADM (approximately -27.10 percent), and informs the preliminary revenue estimate along with demographer projections. However, this is subject to change as more detailed projections become available. Additionally, intensive needs enrollments are projected to remain consistent with the OASIS count for FY 2024-25, an increase of 45 students, or about 4.19 percent, from the FY 2023-24 Adopted Budget.
State Foundation Formula and Local Taxes
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Step 1
School Size Adjuster
The school-size factor table is used to calculate the adjusted Average Daily Membership (ADM) for each school
41,502 -> 46,785Step 2
District Cost Factor
The district's school size adjusted ADM is multiplied by the district cost factor
46,785 = 46,785Step 3
Special Needs Factor
The previously adjusted ADM is multiplied by 1.20, providing an additional 20%
46,785 -> 56,142Step 4
CTE Factor
The previously adjusted ADM is multiplied by 1.015, providing an additional 1.5%
56,142 -> 56,985Step 5
Intensive Needs Factor
The intensive needs count is multiplied by 13 to determine the final Adjusted ADM
56,985 -> 70,983Step 6
Correspondence Factor
The district's correspondence count is added in and multiplied by .90
71,983 -> 73,247
General Fund FTE Distribution
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State Function
Fiscal Year
2020
2021
2022
2023
2024
2025
100 - Instruction
2,355
2,303
2,047
1,752
2,036
2,164
200 - Special Education Instruction
998
1,041
1,046
1,064
1,043
1,043
220 - Special Education Support Services
225
222
225
226
239
239
300 - Support Services - Students
308
313
324
320
330
330
350 - Support Services - Instruction
148
150
151
151
161
161
400 - School Administration
143
141
143
144
142
142
450 - School Administration Support Services
246
243
149
250
246
246
510 - District Administration
27
27
27
27
29
29
550 - District Administration Support Services
187
191
193
201
220
220
600 - Operations and Maintenance of Plant
478
478
481
482
464
464
780 - 澳门六合彩历史记录 Services
3
4
3
3
4
4
Total General Fund FTE
5,118
5,113
4,789
4,621
4,915
5,043
100 - (Federal Stimulus)
30
275
497
164
-
350 - (Federal Stimulus)
18
18
29
-
-
550 - (Federal Stimulus)
-
-
2
-
-
600 - (Federal Stimulus)
-
-
2
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Total General Fund and Stimulus FTE
5,118
5,161
5,082
5,146
5,079
5,043