k12northstar.org/budget
2018-19 Recommended Budget
2 01 7 -1 8 Ap p roved Budget Sum mar y FY 2017-18 General Fund Revenue
The 2017-18 budget development was a long process, as the State Legislature did not approve a state operating budget until
8%
25%
4%
Local Contribution ($52,159,000) State of Alaska ($128,852,418) Federal Government ($16,282,513) Other Revenue ($7,575,000)
63%
mid-June. The 2017-18 approved budget represented decreased expenditures of $1.3 million to provide essentially the same level of services for students as in the prior year. Revenue from the state decreased $7.3 million (-5.3% from previous year) and revenue from the Fairbanks North Star Borough decreased $3 million (-5.5% from previous year). The district did see an increase in federal revenues of $2.6 million (+18.6% from previous year).
FY 2017-18 General Fund Expenditures 12% 7%
1% 1%
7%
45%
To mitigate the loss of revenue from the State and Borough, the district increased
Instruction ($92,646,316)
the use of fund balance, or savings, by $5.8
Special Education ($34,338,976)
significant and unsustainable increase.
Student Support Services ($20,900,340)
Personnel changes in the operating fund
School Administration & Support Services ($13,775,892)
million (+316% from previous year). This is a
included a reduction of 28.2 full time equivalent (FTE) positions.
District Administration & Support Services ($13,710,302)
10% 17%
Operations & Maintenance ($23,989,457) Student Activities ($2,115,183) Transfers to Other Funds ($3,392,465)
FY 2017-18 General Fund Expenditures by Type
86.03% Salaries & Benefits
9.06%
Contracted Services
3.16% 1.49% Materials
14
Other
0.23% Equipment