Welcome to the Fairbanks Local School District Treasurer's Page
The Fairbanks Local School District is committed to providing an excellent educational opportunity for its students while being as efficient and responsible to the community it serves.

Aaron Johnson, District Treasurer

Functions of the Treasurer’s office:

Budgeting
Forecasting
Financial Reporting
Auditing
Investing
Banking
Business Management
Contract Management
Payroll
Accounts Payable
Accounts Receivable
Benefit Administration
EMIS
Student Activities
Grants Management
Records Management

Periodic updates will be provided to you on this webpage as well as some general information about District finances.
School Finance Overview

How are schools funded?

School funding starts with the State’s premise that funding is a shared responsibility between them and the local community. The State provides some basic aid funding, but then relies on local communities to provide the remaining necessary funds. How much State aid we receive typically is a function of the number of students and property wealth in the district. However, other than open enrollment students, our state funding is currently based on past history until a new school funding formula is implemented in July, 2013. As you can tell, schools would not be able to provide the services and programs without local support.

Below is a current breakdown of Fairbanks district revenues. Property tax allocation would be considered State Assistance.

 
General Property Tax includes Residential, Agricultural, and Commercial property located in the district. General Property Tax is levied at approximately 29 mills, with 20 mills being unvoted minimum collected by law, and voted emergency operating levy of 9 mills.

Income tax is ¾% for operations. There is also a separate ¼% income tax for permanent improvements only. Permanent Improvement levy is for 5 years with a current expiration in 2016.

Property Tax allocation includes a 12.5% Homestead/Rollback the state pays on behalf of home owners.

The State also provides some reimbursement for the loss of Tangible Personal Tax revenue. This tax was phased out by the State a few years ago.
Staffing

Since schools are service organizations, approximately 80% of the budget goes to personnel staffing (Salaries, Wages, Benefits). We have 114 staff members made up of Teachers, Bus drivers, Maintenance and Custodial, Support staff, and Administration.

Services

Utilities, Heat (Natural Gas), Electric, Phone
Internet and Technology Services
Instructional Support
Maintenance Repairs and Contract Services
Tuition to other schools for Special Education, Community, and Charter Schools.
Copier Leases
Professional Development
Printing
Legal

Supplies

Textbooks and Instructional Materials
Cleaning and Maintenance Supplies.
Diesel fuel for bus transportation
Bus parts and supplies

Capital Outlay

Computer Equipment
Classroom Furniture
Major Electrical and HVAC Replacement
Buses 

Other

County Auditor/Treasurer Fees
Special Education Services (Physical Therapy, Occupational Therapy, Psychologist)
 
Please find available to you on this web page a schedule of revenues, expenditures, and changes in fund balances for the past three years (actual) and five-years' projected for the Fairbanks Local School District. Also included is some general information and assumptions to help one understand the financial operations of the Fairbanks Local School District. 
Aaron Johnson: Treasurer/CFO

Carol Stillings: Payroll / Benefits

Chris Logan: Accounts Payable / EMIS
Downloads
A couple of important items to keep in mind as we enter into the 2015 calendar year.

  1.     Renewal of 5-Year 1/4% income tax for permanent improvements November 2015.
  2.     State Biennial budget this June, 2015.



 
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