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

2. 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

3. 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

4. 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

5. 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

6. Maximum Allowable

7. 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)

8. Revenue Changes