Overview
In FY2025 the borough’s governmental funds took in $39,932,687 and spent $32,321,823, an excess of $7,610,864; with net other financing sources of $8,622, total governmental fund balances rose $7,619,486 to $89,988,899. The General Fund alone took in $10,558,698 — investment income of $2,542,384 and federal sources of $2,495,580 are its two largest lines, ahead of property taxes of $2,328,687 — and spent $6,433,855, for a General Fund balance increase of $2,459,138 to $22,769,283. Education dominates the all-funds picture: primary and secondary education spending of $12,408,149 plus school capital outlay of $1,567,243, funded in part through the Education Support fund’s $12,422,089 in property taxes. The borough’s governmental-activities net position at June 30, 2025 was $183,162,220. The school district is a legally separate entity discretely presented in the report; its own statements are not inside these governmental-fund totals.
Source: Kodiak Island Borough Annual Financial Report, year ended June 30, 2025 (Statement of Revenues, Expenditures and Changes in Fund Balances — Governmental Funds, p. 19).
At a glance
Revenue
General Fund revenue lines re-add exactly to $10,558,698. Total governmental-fund revenue of $39,932,687 includes the Education Support fund ($12,422,089, all property taxes) and other funds.
| Item | Amount |
|---|---|
| Investment income | $2,542,384 |
| Federal sources | $2,495,580 |
| Property taxes and assessments | $2,328,687 |
| State sources | $1,586,143 |
| Severance taxes | $786,865 |
| Excise taxes | $703,712 |
| Licenses, permits and fees | $98,246 |
| Other | $16,771 |
| Charges for services | $310 |
| Total audited General Fund revenue | $10,558,698 |
Spending
General Fund spending lines re-add exactly to $6,433,855. Total governmental-fund spending of $32,321,823 includes primary and secondary education ($12,408,149), debt service principal ($6,420,000) and interest ($1,138,812), and school and general capital outlay ($3,443,639).
| Item | Amount |
|---|---|
| General government | $5,090,425 |
| Community and economic development | $828,232 |
| Health and social welfare | $172,000 |
| Public safety | $154,430 |
| Primary and secondary education | $88,330 |
| Emergency preparedness | $55,546 |
| Parks and recreation | $24,242 |
| Education, culture and recreation | $20,650 |
| Total audited General Fund expenditures | $6,433,855 |
Sources & notes
- Source used: Kodiak Island Borough Annual Financial Report, year ended June 30, 2025 (Altman, Rogers & Co., unmodified opinion; transmittal December 12, 2025), Statement of Revenues, Expenditures and Changes in Fund Balances — Governmental Funds Read the source document.
- Sum checks: General Fund revenue $2,542,384 + $2,495,580 + $2,328,687 + $1,586,143 + $786,865 + $703,712 + $98,246 + $16,771 + $310 = $10,558,698; General Fund spending $5,090,425 + $828,232 + $172,000 + $154,430 + $88,330 + $55,546 + $24,242 + $20,650 = $6,433,855; walk $10,558,698 − $6,433,855 − $1,665,705 (net transfers out) = $2,459,138; $20,310,145 + $2,459,138 = $22,769,283; all-funds $39,932,687 − $32,321,823 + $8,622 = $7,619,486.
- Slug disclosure: the DocumentCenter URL slug for this report says “KIB-Final-CAFR-2018”, but the document’s cover, transmittal letter (December 12, 2025), auditor’s report, and statements all cover the fiscal year ended June 30, 2025. Year and jurisdiction are taken from the document content, not the slug.
- Scope disclosures: these are audited actuals, not budgeted figures. The Kodiak Island Borough School District is a discretely presented component unit; its own statements are not inside the governmental-fund totals above. The Education Support special revenue fund ended FY2025 with a deficit fund balance of $409,037, disclosed in the same statement. Enterprise funds (solid waste, hospital facilities, long-term care, fisheries research, 911) are reported separately and are not in these totals.
- Identity: this is the Kodiak Island Borough, Alaska. It is not the City of Kodiak, and no city figures are included.
- Jurisdiction palette: no verified palette was on file for this jurisdiction — no government-specific theme color or seal palette could be confirmed from the official site through the routes available in this pass (several Alaska government sites use platform templates whose stock palettes are rejected under the family spec) — so this page uses the neutral Hometown Numbers dark-glass theme rather than an invented color.
- Photo: none. No freely-licensed photo with a confirmed license name and photographer could be verified and normalized for this jurisdiction in this pass, so this page ships without a hero photo rather than with a substitute image.