ANCHORAGE SCHOOL DISTRICT
ANCHORAGE, ALASKA

FISCAL YEAR BUDGET COMPARISON

Even though the following schedule indicates the General Fund FY 2004-2005 preliminary budget is increasing approximately $9.25 million over the current year’s budget, the District was forced to reduce expenditures and increase fees by approximately $19.4 million and use $4.5 million of fund balance as a revenue source in order to bring expenditures in balance with revenues. Reduction in revenue from the Alaska Public School Funding Program, increase rates for both State retirement systems, employee bargaining agreement settlements, and other rate increases such as contracted transportation and utilities rates all contributed to the projected fiscal gap. The following schedule compares by fund the FY 2004-2005 projected revenue/expenditures with those currently approved for FY 2003-2004.

REVENUE/EXPENDITURE BUDGETS

The increase of overall taxes being requested for FY 2004-2005 will result in a slight reduction in taxes per $100,000 of assessed valuation. Based on the increase of the estimated 2004 total assessed valuation received from the Municipality on January 7, 2004, it is anticipated that the mill levy will be reduced from 7.37 mills to 7.36 mills for 2004.

PERTINENT FACTS

THE BUDGETING PROCESS

BUDGET DEVELOPMENT

STUDENT ENROLLMENT PROJECTIONS

GENERAL FUND

• Revenues
• Expenditures

OTHER FUNDS

FISCAL YEAR BUDGET COMPARISON

STUDENT ENROLLMENT PROJECTIONS

SUMMARY