ITEM TITLE:
Approval of the 2025-2026 Valdez City Schools Budget
SUBMITTED BY: Jordan Nelson, Finance Director
FISCAL NOTES:
Expenditure Required: $11,249,589
Unencumbered Balance: $5,676,107
Funding Source: 001-0100-48600, Contributions to Valdez City Schools
RECOMMENDATION:
Approve the 2025-2026 Valdez City Schools Budget
SUMMARY STATEMENT:
Pursuant to AS 14.14.060 the Valdez City Schools have completed their budget process and adopted their 2025-2026 budget (attached)
This budget reflects $11,249,589 of city support comprised of $9,455,589 operating funds and $1,794,000 of support program funding. The final page of the attachment summarizes operating funds (“fund 100”) and five categories of program support
The total budget figure is consistent with the schools’ proposal to the City Council during the City’s 2025 budget process in October of 2024, and therefore matches the City’s 2025 adopted budget figure
Staff from Valdez City Schools will give a brief verbal presentation