Important Announcement - Client Enablement Consultant
March 18, 2024: After much promise and hope of a needed investment in public education, the legislature failed to override Governor Dunleavy’s veto of Senate Bill 140. The failure to override the governor’s veto creates uncertainty for the many districts across the state that are in dire need of an increase to the Base Student Allocation to combat years of flat funding and unprecedented inflation. We have not lost hope yet, as ASD will advocate to include additional funding in the state’s budget this session. In the absence of funding from the State, ASD will be faced with considering additional budget reductions that could negatively impact our students' education. We encourage you to voice your support for investing in public education to your elected officials.
On Tuesday, February 27th, 2024, the Anchorage School Board approved the FY25 preliminary budget. The District will provide an updated version to the public and the Municipality of Anchorage (MoA) by Monday, March 4th per the charter deadline.
The District is projecting a decrease in total General Fund revenue from the FY 2023-24 budget to the FY 2024-25 Pro Forma in the amount of $63.48 million (10.39 percent) when comparing revenues without the use of fund balance. The difference reflects decreases in local taxes and user fees, reductions in State formula funding based on enrollment, and the removal of one-time State funds appropriated by the Legislature, which is slightly offset by increases in interest earnings, federal impact aid, and other reimbursements.
The projected budget gap between anticipated revenues and expenditures for the General Fund, under current law, is $98.24 million. Total revenue is projected to decrease by $63.5 million or 10.39 percent, while expenditures are projected to increase by $36.0 million, or about 5.90 percent, without the use of fund balance or the receipt of one-time state funds. However, with the use of the available fund balance at approximately $53 million, the projected budget gap can be reduced to $46.5 million, as shown below:
The FY 2024-25 revenue projections are updated to reflect the State OASIS average daily membership (ADM) count period, completed in October, for FY 2023-24; however, school level projections are not yet available, and projections will be updated once those are known.
Using the FY 2023-24 Adopted Budget as the baseline, the District realized a decrease in enrollment during the OASIS count of about 1,279 students from projections. This is the combination of a decline of 582 regular ADM (approximately -1.40 percent) and of 697 correspondence ADM (approximately -27.10 percent), and informs the preliminary revenue estimate along with demographer projections. However, this is subject to change as more detailed projections become available. Additionally, intensive needs enrollments are projected to remain consistent with the OASIS count for FY 2024-25, an increase of 45 students, or about 4.19 percent, from the FY 2023-24 Adopted Budget.
Step 1 School Size AdjusterThe school-size factor table is used to calculate the adjusted Average Daily Membership (ADM) for each school
40,714 ->45,709
Step 2 District Cost FactorThe district's school size adjusted ADM is multiplied by the district cost factor
45,709 =45,709
Step 3 Special Needs FactorThe previously adjusted ADM is multiplied by 1.20, providing an additional 20%
45,709 ->54,851
Step 4 CTE FactorThe previously adjusted ADM is multiplied by 1.015, providing an additional 1.5%
54,851 ->55,717
Step 5 Intensive Needs FactorThe intensive needs count is multiplied by 13 to determine the final Adjusted ADM
55,717 ->70,251
Step 6 Correspondence FactorThe district's correspondence count is added in and multiplied by .90
70,251 ->72,006
