During the Dec. 5 Anchorage School Board work session the Administration presented financial projections and budget guidance for FY23-24. The proforma is presented to the Board during the first school board meeting each December.
 
The full proforma report is available on BoardDocs, under the Dec. 5 work session.
 
Findings from the report include the following savings for FY24:
· Increased overall FY23 revenue: $3.1 million
· Reduced overall FY23 expenses: $7.1 million
· Remaining ESSER funds available for FY24: $9 million
 
This means the total changes can be applied to reduce the FY24 deficit by $19.1 million, bringing the adjusted deficit for FY24 from the original projection of $68 million down to $48.2 million.

Community Feedback
The District thanks the thousands of community members who completed the two FY24 budget planning surveys, attended town halls, wrote to the Board, and testified during School Board meetings. Community feedback is imperative as we face this education funding crisis.
 
Since 2017, ASD has received an increase of .5% from the State of Alaska (SOA) through the BSA formula. For more than seven years, inflation has reduced purchasing power to a level of approximately $80 million less than what the District could afford in 2017 in real dollars. This, coupled with declining student enrollment in our city, continues to negatively impact ASD’s ability to maintain smaller class sizes to better address student learning.