Lake and Peninsula Borough Regular Assembly Meeting Agenda May 2026
FY27 Budget Proposes Major Funding for School District
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Description
The proposed FY27 operating budget ordinance allocates $1,372,707 in local funding to the Lake and Peninsula School District, authorizes up to $1,232,455 in School Endowment transfers, and provides $54,000 for vocational education plus $425,000 for school bond debt service. These appropriations would fund district operations from July 1, 2026, through June 30, 2027, pending Assembly enactment.
Contract Details
Contract Amount
$1,372,707 plus up to $1,232,455 transfer from School Endowment Fund; $54,000 for Vo-Tech program; $425,000 school bond debt service (Borough portion)
Vendor
LAKE & PENINSULA SCHOOL DISTRICT
Agency
City of Port Heiden, AK
Contract Type
OTHER
Document Date
May 4, 2026
Contract Term
Fiscal year July 1, 2026 – June 30, 2027
Renewal Date
2027-06-30
Renewal Info
Annual school allocation and related transfers are set through the FY27 budget ordinance and would be revisited in subsequent fiscal year budgets.
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