School district sees decrease in fund balance use

  • By Kelly Sullivan
  • Wednesday, January 14, 2015 10:42pm
  • News

The Kenai Peninsula Borough School District will be using $1.3 million less of the fund balance than projected for the 2015 fiscal year.

This is good news for the school district, said spokeswoman Pegge Erkeneff.

“The fund balance we don’t use this year will be available for use in subsequent fiscal years,” Erkeneff said.

Assistant Superintendent Dave Jones presented the budget revision to the Board of Education during a work session on Monday, followed by an announcement that the 2016 fiscal year deficit is projected at nearly $6.5 million, but that number has not yet been finalized.

The significant reduction in the need for fund balance money is a result of an increase in nearly $2.1 million in state aid, Jones said. Following the annual 20-day count completed in October the school district was found to have 16 more intensive needs students than estimated during last year’s enrollment count and projections, he said.

An increase in enrollment means an increase in state funding, Jones said. The numbers from the 20-day count are still under review so the expected increase in revenue is likely to change, he said.

The total use of the fund balance budget is currently about $740,000 for the 2015 fiscal year, Erkeneff said.

“The estimated increase in funding from the state listed in the budget revision was based on our submitted enrollment numbers, not the final number from the state,” Erkeneff said. “The final state numbers will be released once the school district’s intensive needs students are evaluated, and the state can calculate the actual enrollment.”

The school district usually receives its final funding amount from the state in early March, Erkeneff said.

School district salary and benefits within the expenditure budget were decreased by just under $740,000, according to the 2015 fiscal year budget revision document. Those numbers are decreased when resignations or staffing numbers are reduced once the school year begins, according to the document.

Reach Kelly Sullivan at

More in News

The Homer Spit is evacuated during the July 28 tsunami warning at about 10:50 p.m. (Photo by Sarah Knapp/Homer News)
Tsunami warning test scheduled for Wednesday morning

The National Weather Service will conduct a statewide test of the tsunami… Continue reading

A mock up of the Soldotna Field House. (Photo via City of Soldotna)
Soldotna designates field house funds

Construction of a field house in Soldotna took a step forward last… Continue reading

Rep. Ben Carpenter, R-Nikiski, speaks during a meeting of the House State Affairs committee on Tuesday, March 28, 2023 in Juneau, Alaska. (Mark Sabbatini/Juneau Empire)
Carpenter, Ruffridge target state finances

The central Kenai Peninsula’s representatives in the Alaska House of Representatives have… Continue reading

COVID-19. (Image courtesy CDC)
COVID-19: Local cases fall after last week’s spike

After a spike of 50 new COVID-19 cases was reported in the… Continue reading

A tripod set by the Soldotna and Kenai Rotary Clubs stands over the ice of the Kenai River in Soldotna, Alaska on Tuesday, March 28, 2023. (Jake Dye/Peninsula Clarion)
Local Rotary Clubs testing new contest for next winter

The Rotary Clubs of Soldotna and Kenai are performing a test in… Continue reading

Alaska State Troopers logo.
State Trooper convicted of attempted sexual abuse of a minor

Vance Peronto, formerly an Alaska State Trooper based in Soldotna, was convicted… Continue reading

Soldotna City Hall is seen on Wednesday, June 23, 2021 in Soldotna, Alaska. (Ashlyn O’Hara/Peninsula Clarion)
Soldotna moves ahead with staff recruitment strategies

Soldotna City Council members last week gave city administration a thumbs up… Continue reading

State representatives Tom McKay, R-Anchorage, and Andi Story, D-Juneau, offering competing amendments to a bill increasing the per-student funding formula for public schools by $1,250 during a House Education Committee meeting Wednesday morning. McKay’s proposal to lower the increase to $150 was defeated. Story’s proposal to implement an increase during the next two years was approved, after her proposed amounts totalling about $1,500 were reduced to $800.
Borough, Soldotna call on Legislature to increase school funding

The City of Soldotna last week became the latest entity to call… Continue reading

Kenai River Brown Bears goalie Nils Wallstrom celebrates winning a shootout over the Fairbanks Ice Dogs on Saturday, March 25, 2023, at the Soldotna Regional Sports Complex in Soldotna, Alaska. (Photo by Jeff Helminiak/Peninsula Clarion)
Brown Bears sweep Ice Dogs, move into 3rd place

The Kenai River Brown Bears earned a two-game sweep over the Fairbanks… Continue reading

Most Read