
Elizabeth Hayes
Director
EHayes@kpbsd.k12.ak.us
P: 907.714.8874
F: 907.262.2309
Contact Payroll
P:907.714.8888
payroll@kpbsd.k12.ak.us
Documents
Budget Development Information
In the Kenai Peninsula Borough School District, we are committed to transparency and keeping our staff, families, and community informed about the financial realities that impact our schools. This page provides resources and context related to the FY26 budget, including historical funding trends, reductions we’ve made over time, and messages from district leadership. Our goal is to provide clear, factual information to help everyone better understand the challenges we face and the decisions we may need to make together.
We also believe that informed communities are strong advocates. By sharing these materials, we hope to support advocacy efforts that lead to long-term, sustainable funding for our students and schools.
FY26: July 1, 2025 through June 30, 2026
- Budget Context & Community Communication
- Funding Charts & Financial Trends
- KPBSD Budget & Operations
Frequently Asked Questions
What is the Base Student Allocation (BSA)?
The Base Student Allocation is the amount of money the State of Alaska provides per student to support public education. It is a key part of the state funding formula and directly impacts the funding available to districts like KPBSD. The BSA has not kept pace with inflation over time, making it harder for districts to keep up with rising costs.
Why does inflation matter in school funding?
As costs for utilities, materials, transportation, and staff increase, school districts need more resources just to maintain the same level of service. When state funding remains flat while costs rise, schools are forced to make reductions—even when student needs stay the same or grow.
What are local vs. state funding sources?
KPBSD receives funding from both the State of Alaska and the Kenai Peninsula Borough. State funding—primarily through the BSA—makes up the majority of our budget. The Borough also contributes local tax dollars to support education, up to a limit set by state law. Together, these sources determine how much we can invest in our schools.
Budget 101 Series
The Budget 101 series explore budgeting in KPBSD, with topics related to foundation funding, in-kind funding, and how the chart of accounts applies to KPBSD budgets.
- Foundation Funding Video – Sep 11
- In-Kind Video – Oct 02
- Fund Balance Video – Nov 06
- Chart of Accounts – Dec 04
Budget Development: Previous Years
FY25
The Kenai Peninsula Borough School District requests input from staff, parents, and community members at the districtwide KPBSD budget meetings scheduled at the following times:
- Central Peninsula Community – Wednesday, February 21 @ 6:00pm Soldotna High Library
- Homer Community – Thursday, February 22 @ 6:00pm Homer High Library
- Seward Community – Wednesday, February 28 @ 6:00pm Seward High Library
- FY25 Final Budget
- FY25 Preliminary Budget Document
- FY25 Five Year Enrollment Projection
FY24
- FY24 Annual Report
- FY24 Final Budget
- FY24 Preliminary Budget Document
- FY24 Five Year Enrollment Projection
- Community Budget Forum – Recording
- Community Budget Forum – Presentation
FY23
- FY23 Annual Report
- FY23 Final Budget
- Community Budget Forums – Presentation
- Community Budget Forums – Video
- FY23 Preliminary Budget Document
- FY23 Joint Worksession KPB and KPBSD
- FY23 Preliminary Budget Presentation
- FY23 Budget Development Calendar
- FY23 Five Year Enrollment Projection
- FY23 Expenditures by Function
FY22
FY21
- FY21 Budget
- FY21 Revised Preliminary Budget
- FY21 Preliminary Budget
- FY21 Community Budget Presentation
- FY21 Community Budget Presentation – Recorded Video
- FY21 Budget Development Calendar
- FY21 Budget Timeline with KPBSD, KPB, and State of Alaska dates
FY20
- FY20 Final Budget Document
- Sobering look at FY20 proposed $22.4 million in cuts to KPBSD flyer
- Enrollment Projection 2019-20 through 2023-24
- FY20 Community Budget Forum Recorded Video (Soldotna High 2-20-19)
- FY20 Community Budget Presentation (February 2019)
- FY20 Budget Development Calendar Revised (2-22-19)
- FY20 Budget Development Calendar
- 2019 Kenai Peninsula Borough School District state legislators with schools
- Budget Reductions History
- Cost of KPEA & KPESA proposals
- Fund Balance split unallocated FY12 through FY18
- FY19 KPBSD General Fund Budget Information
- FY20 Governor’s Amended K-12 Funding Reductions
- January 2019 KPBSD Budget Revisions
- State reductions proposed FF and one-time funding (2-18-19)
- Budget Meeting Site Council (10-30-18)
November 12 – Budget Meeting Information
- Budget Meeting Presentation
- Budget Meeting Recorded Video
- FY20 Foundation Formula
- FY20 Fund Balance
- FY20 KPB Revenue
- FY20 Preliminary Expenditures by Function
- FY20 Preliminary Expenditures by Object
- FY15 – FY20 Budget Reductions History
FY19
- FY19 Final Budget Document
- FY19 Finance Committee Presentation
- FY19 Community Budget Forum Recorded Video (Soldotna High 2-21-18)
- FY19 Preliminary Budget – Community Budget Forums (2-13-18)
- FY19 Budget Presentation (1-15-18)
- FY19 Budget Development Calendar Revised
- FY19 Budget Development Calendar
- FY19 Five Year Projected Enrollment
- FY19 Budget FAQs (10-17-17)
- FY19 Preliminary Budget Information
- FY19 KPB Revenue PDF and FY19 KPB Revenue Video
- FY19 General Fund Revenue PDF and FY19 General Fund Revenue Video
- FY19 Fund Balance PDF and FY19 Fund Balance Video
- FY19 Foundation Formula PDF and FY19 Foundation Formula Video
Department Overview
The Finance Department consists of 8 individuals who perform all accounting functions for all funds for the District, including payroll, accounts payable, fixed assets, grants reporting, Medicaid billing, budgeting and financial reporting. The department also actively supports the schools and departments with training and day-to-day support for these accounting functions at the individual and departmental level.
The District follows the Uniform Chart of Accounts and Account Code Descriptions for Public School Districts under the direction of the Alaska Department of Education and Early Development.
Two of the primary communication tools of this department are the annual Budget and the Annual Comprehensive Financial Report. These documents as well as enrollment projections and other information are available for public inspection, posted on this page as well as other places on the District website.
Budget
The Preliminary Budget is developed after enrollment projections created in October provide the basis for staffing levels. Big numbers for the upcoming fiscal year are presented to the Board of Education in January and the Preliminary Budget Document is presented in March. Community and stakeholder input is sought in various ways for use by the Board in considering changes to the budget before action is taken on the spending plan. Approval by the board usually takes place in early April.
The general fund is funded based on the enrollment projection and calculations through the State educational funding formula. The formula also provides the basis for calculation of the Kenai Peninsula Borough’s local effort contributions. Changes to the funding formula are enacted by the Alaska Legislature and then approved by the Governor. Federal and State funds are also received for specific purposes and are accounted for in special revenue funds of the District.
Financial Reporting
Monthly financial reports are presented to the Board on all funds. The Board approves all budget transfers in excess of $50,000 per Board Policy and reviews all budget transfer on a quarterly basis. An annual independent audit of the District’s financial records is conducted in August, with a copy of the Annual Comprehensive Financial Report sent to the Department of Education and Early Development and other agencies once it has been accepted by the board in October.