School Finance Basics
The largest single source of revenue for most Alaska School Districts
The acronym "ADM" stands for this key figure used in calculating district funding.
What is Average Daily Membership?
This fund is often used to plan, build, or maintain school facilities.
What is the capital improvement fund?
The process of planning how to allocate district funds for the coming year.
What is budgeting?
Alaska has this many borough and city school districts.
What is 19?
This term describes the money a district receives from local boroughs or cities.
What is local contribution?
This annual report summarizes a district's financial condition and student outcomes.
What is the district report card?
This type of state funding helps districts pay for major building repairs or replacements.
What is debt reimbursement or major maintenance funding?
This financial professional ensures that district finances are managed appropriately.
Who is the business manager or CFO?
This is the largest school district in Alaska.
What is the Anchorage School District?
These are funds that must be spent for a specific purpose, such as Title I or IDEA/
What are restricted funds?
This federal law ensures all students, including those with disabilities, have access to education.
What is the Individuals with Disabilities Education Act (IDEA)
A district may complete this document to request state funding for construction projects.
What is a CIP application (Capital Improvement Project)?
Districts must submit this document annually to DEED summarizing their financial activities.
What is the Annual Financial Report (AFR)?
This is the smallest school district in Alaska.
What is the Pelican
The fiscal year for Alaska school districts runs from this date to this date.
What is July 1 to June 30?
The governing body that adopts budgets and sets local education policy.
What is the school board?
School facilities are required to have this plan updated regularly to ensure safety during emergencies.
What is an Emergency Operations Plan (EOP)?
An independent auditor issues this type of opinion when a district’s financial statements are accurate.
What is an unmodified (clean) opinion?
Alaska’s foundation formula includes this adjustment to reflect higher costs in remote areas.
What is the district cost factor?
The state Department oversees the distribution of education funding in Alaska.
This group advocates for and supports Alaska's School Business Officials.
What is ACSA (Alaska Council of School Administrators)?
This federal law requires school facilities to provide equal access and accommodations for individuals with disabilities.
What is the Americans with Disabilities Act (ADA)?
The term for the amount of money a district has left over after all obligations are met.
What is fund balance?
This key number in the formula represents per-student state funding before adjustments.
What is the Base Student Allocation (BSA)?