Office of Management and Budget / FY25 Budget Planning

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.
Link: "The impacts of Governor Dunleavy's SB 140 veto and next steps for ASD."

Overview and Data

Media and FAQs

Board Budget Meetings

FY25 Budget Survey

FY25 Adopted Budget

Overview

On Tuesday, February 27th, 2024, the 西施直播APP 西施直播APP approved the FY25 preliminary budget. The District will provide an updated version to the public and the Municipality of 西施直播APP (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.

西施直播APP Meeting 02/27/2024

Important info

FY25 Projected Deficit

Projected Budget Deficit

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:


		Adopted Budget	Pro Forma	FY24 Adopted Budget vs. FY25 Pro Forma
	Line #	FY 2023-24	FY 2024-25	$	%
General Fund Revenue Local Revenue	1	$ 259,359,130	$ 228,721,663	$ (30,637,467)	-11.81%
State Revenue	2	335,643,090	302,546,796	(33,096,294)	-9.86%
Federal Revenue	3	15,991,918	16,243,177	251,259	1.57%
	4	610,994,138	547,511,636	(63,482,502)	-10.39%
General Fund Expenditures Salaries (net of attrition) [1]	5	365,473,018	391,469,220	25,996,202	7.11%
Benefits (net of attrition) [1]	6	153,218,863	159,881,560	6,662,697	4.35%
Contracted Services	7	66,766,106	68,412,547	1,646,441	2.47%
Supplies	8	18,467,241	18,740,071	272,830	1.48%
Capital Outlay	9	2,021,198	2,243,895	222,697	11.02%
Insurance/Other	10	5,047,712	5,007,849	(39,863)	-0.79%
Total General Fund Expenditures	12	610,994,138	645,755,141	34,761,003	5.69%

General Fund Budget Gap	13	$ -	$ (98,243,505)	$ (98,243,505)

Potential Authorized Use of Fund Balance	14	鈥�	53,000,000	53,000,000

General Fund Budget Gap with Fund Balanc	15	鈥�	$ (45,243,505)	$ (45,243,505)

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.

State Foundation Formula and Local Taxes

Step 1
School Size Adjuster

The 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 Factor

The district's school size adjusted ADM is multiplied by the district cost factor
45,709 = 45,709

Step 3
Special Needs Factor

The previously adjusted ADM is multiplied by 1.20, providing an additional 20%
45,709 -> 54,851

Step 4
CTE Factor

The previously adjusted ADM is multiplied by 1.015, providing an additional 1.5%
54,851 -> 55,717

Step 5
Intensive Needs Factor

The intensive needs count is multiplied by 13 to determine the final Adjusted ADM
55,717 -> 70,251

Step 6
Correspondence Factor

The district's correspondence count is added in and multiplied by .90
70,251 -> 72,006

General Fund FTE Distribution

State Function	Fiscal Year
	2020	2021	2022	2023	2024	2025
100 - Instruction	2,355	2,303	2,047	1,752	2,036	2,171
200 - Special Education Instruction	998	1,041	1,046	1,064	1,043	1,011
220 - Special Education Support Services	225	222	225	226	239	193
300 - Support Services - Students	308	313	324	320	330	348
350 - Support Services - Instruction	148	150	151	151	161	219
400 - School Administration	143	141	143	144	142	148
450 - School Administration Support Services	246	243	149	250	246	248
510 - District Administration	27	27	27	27	29	28
550 - District Administration Support Services	187	191	193	201	220	158
600 - Operations and Maintenance of Plant	478	478	481	482	464	469
780 - Community Services	3	4	3	3	4	3
Total General Fund FTE	5,118	5,113	4,789	4,621	4,915	4,996
100 - (Federal Stimulus)		30	275	497	164	-
350 - (Federal Stimulus)		18	18	29	-	-
550 - (Federal Stimulus)		-	-	2	-	-
600 - (Federal Stimulus)		-	-	2	-	-
Total General Fund and Stimulus FTE	5,118	5,161	5,082	5,146	5,079	5,043

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