Overview
In FY2025 the city’s General Fund took in $23,581,882 and spent $19,602,923, an excess of $3,978,959 — but net transfers out of $5,583,561 (including $6,734,471 transferred out against $1,150,910 transferred in) reduced the General Fund balance by $1,604,602, from $12,457,703 to $10,853,101. Sales taxes are the city’s dominant revenue at $15,884,946, two-thirds of General Fund revenue, followed by charges for services ($2,374,681) and interfund charges ($1,795,018). Public safety is the largest General Fund spending function at $7,691,419, followed by general government ($4,446,217) and public works ($2,424,939). Across all governmental funds, revenues were $42,515,543 against expenditures of $41,841,927 (including $16,428,420 of capital outlay in the capital project funds). Governmental-activities net position at June 30, 2025 was $104,093,656; business-type (enterprise) net position of $154,177,810 is reported separately and is not added to any total here.
Source: City of Kodiak FY2025 Basic Financial Statements, agenda item AIR-26-043 (February 12, 2026) (Exhibit B-3, Statement of Revenues, Expenditures and Changes in Fund Balances — Governmental Funds).
At a glance
Revenue
General Fund revenue lines re-add exactly to $23,581,882.
| Item | Amount |
|---|---|
| Sales taxes | $15,884,946 |
| Charges for services | $2,374,681 |
| Interfund charges | $1,795,018 |
| Property taxes | $1,515,252 |
| Intergovernmental | $1,479,457 |
| Investment income | $150,581 |
| Other taxes, penalties and interest | $123,043 |
| Rental income | $99,498 |
| Licenses and permits | $88,824 |
| Other revenues | $62,197 |
| Fines and forfeitures | $8,385 |
| Total audited General Fund revenue | $23,581,882 |
Spending
General Fund spending lines re-add exactly to $19,602,923.
| Item | Amount |
|---|---|
| Public safety | $7,691,419 |
| General government | $4,446,217 |
| Public works | $2,424,939 |
| Parks and recreation | $1,979,508 |
| Other — insurance and administration | $1,008,378 |
| Library | $913,935 |
| Debt service — principal | $461,318 |
| Community services | $298,696 |
| Debt service — interest | $201,945 |
| Engineering | $153,879 |
| Interfund services | $22,689 |
| Total audited General Fund expenditures | $19,602,923 |
Sources & notes
- Source used: City of Kodiak Basic Financial Statements, Required Supplementary Information, Supplementary Information, and Compliance Report, year ended June 30, 2025 (Altman, Rogers & Co.; council acceptance February 12, 2026, agenda item AIR-26-043), Exhibit B-3 Read the source document.
- Sum checks: revenue $15,884,946 + $2,374,681 + $1,795,018 + $1,515,252 + $1,479,457 + $150,581 + $123,043 + $99,498 + $88,824 + $62,197 + $8,385 = $23,581,882; spending $7,691,419 + $4,446,217 + $2,424,939 + $1,979,508 + $1,008,378 + $913,935 + $461,318 + $298,696 + $201,945 + $153,879 + $22,689 = $19,602,923; walk $23,581,882 − $19,602,923 = $3,978,959; $3,978,959 + $1,150,910 − $6,734,471 = −$1,604,602; $12,457,703 − $1,604,602 = $10,853,101; all governmental funds $42,515,543 − $41,841,927 = $673,616 excess, less net other financing of $1,575,000 = −$901,384 change.
- Scope disclosures: these are audited actuals, not budgeted figures. Enterprise funds (cargo pier, boat harbor, water and sewer utilities, shipyard, E-911) are reported separately; their net position of $154,177,810 is not in the governmental totals above. The audit reports an unmodified opinion on the financial statements and on each major federal/state program.
- Identity: this is the City of Kodiak, Alaska, seat of the Kodiak Island Borough. It is not the Kodiak Island Borough, and no borough figures are included.
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