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
Budget 101 Series
Previous Years
FY22
- Homer Community Budget Meeting — Watch Video Here
- Central Peninsula Community Budget Meeting — Watch Video Here
- Seward Community Budget Meeting — Watch Video Here
- FY22 March Community Budget Meeting PowerPoint Presentation
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 Video
- FY19 General Fund Revenue: PDF and Video
- FY19 Fund Balance: PDF and Video
- FY19 Foundation Formula: PDF and 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.