Kenai Peninsula Borough School District Board Meeting March 7, 2016 Kenai Peninsula Borough School District

Budget Process – So far….. October 15, 2015 LYNC Meetings with D/O to School Sites November 2, 2015 Board Meeting and Work Session December 8, 2015 Board Work Session January 11, 2016 FY17 Preliminary Budget Information to Board February 1, 2016 FY17 Preliminary Budget Document to Board February 2, 2016 Meeting with Key Communicators February 16, 2016 Community Meeting, Seward High School February 17, 2016 Community Meeting, Soldotna High School February 23, 2016 Community Meeting, Homer High School March 7, 2016 Board Meeting

History of KPBSD Full Tax Value $ 8,573,591,170 2013 Full Tax Value (Original) 8,903,375,090 2013 Full Tax Value (Revised) 8,910,264,290 2014 Full Tax Value 9,186,472,890 2015 Full Tax Value 9,349,916,890

Required Local Contribution Calculation FY15 value of $9,349,916,890 x 2.65 mills = $24,777,280 FY14 value of $9,186,472,890 x 2.65 mills = $24,344,153 Increase in Required Local Contribution = $433,127

Additional Allowable Calculation Revised $104,521,340 x 23% of Basic Need = $24,039,908 Original Preliminary FY17 Requested = $23,894,279 Increase in Additional Allowable $145,629

Maximum Allowable

Funding Levels Deficit using FY16 KPB funding level of $48,238,432 = ($717,421) Deficit using FY17 Maximum Allowed of $48,817,188 = ($138,665)

Revenue Changes