Elizabeth Hayes
Director of Finance

Liz Hayes 2017
Email
ehayes@kpbsd.k12.ak.us
Phone
907.714.8874
Fax
907.262.2309
Qualifications
Biography
 

Finance

Documents

Budget Development Information

FY23

  • FY23 Preliminary Budget Presentation
    • The Kenai Peninsula Borough School District requests input from staff, parents, and community members at the districtwide KPBSD budget development meetings, scheduled at the following times:
  • Central Peninsula Community – Thursday, October 7th @ 6:00pm Soldotna High Library
  • Homer Community – Tuesday, October 19, 2021 @ 6:00pm Homer High Library
  • Seward Community – Wednesday, October 20, 2021 @ 6:00 pm Seward High Library

October 7th Zoom Link:

Topic: KPBSD Budget Development Meeting

 

Please click the link below to join the webinar:

https://kpbsd.zoom.us/j/88694754284

Or One tap mobile :

    US: +17209289299,,88694754284#  or +19712471195,,88694754284#

Or Telephone:

    Dial(for higher quality, dial a number based on your current location):

        US: +1 720 928 9299  or +1 971 247 1195  or +1 206 337 9723  or +1 213 338 8477  or +1 253 215 8782  or +1 602 753 0140

Webinar ID: 886 9475 4284

    International numbers available: https://kpbsd.zoom.us/u/keyzqoCati

 

FY22



  

If unable to connect via Zoom, a telephone audio-only option is available by dialing 206.337.9723 and entering the meeting ID

FY21

Previous Years  

 

Department Overview

The Finance Department consists of 8 individuals who perform all accounting functions for all funds for the District, including payroll, accounts payable, fixed assets, grants reporting, Medicaid billing, budgeting and financial reporting. The department also actively supports the schools and departments with training and day-to-day support for these accounting functions at the individual and departmental level.

The District follows the Uniform Chart of Accounts and Account Code Descriptions for Public School Districts under the direction of the Alaska Department of Education and Early Development.

Two of the primary communication tools of this department are the annual Budget and the Comprehensive Annual Financial Report. These documents as well as enrollment projections and other information are available for public inspection, posted on this page as well as other places on the District website.

Budget

The Preliminary Budget is developed after enrollment projections created in October provide the basis for staffing levels.  Big numbers for the upcoming fiscal year are presented to the Board of Education in January and the Preliminary Budget Document is presented in March. Community and stakeholder input is sought in various ways for use by the Board in considering changes to the budget before action is taken on the spending plan.  Approval by the board usually takes place in early April.

The general fund is funded based on the enrollment projection and calculations through the State educational funding formula.  The formula also provides the basis for calculation of the Kenai Peninsula Borough's local effort contributions. Changes to the funding formula are enacted by the Alaska Legislature and then approved by the Governor. Federal and State funds are also received for specific purposes and are accounted for in special revenue funds of the District.

Financial Reporting

Monthly financial reports are presented to the Board on all funds. The Board approves all budget transfers in excess of $50,000 per Board Policy and reviews all budget transfers on a quarterly basis. An annual independent audit of the District's financial records is conducted in August, with a copy of the Comprehensive Annual Financial Report sent to the Department of Education and Early Development and other agencies once it has been accepted by the board in October.