Overview
In FY2025 the borough’s governmental funds took in $704,872,242 and spent $660,382,971, an excess of $44,489,271; with net other financing sources of $120,223,492 — including $130,305,000 of general obligation bonds issued — total governmental fund balances rose $164,712,763 to $1,939,749,001. Property taxes dominate: $467,085,253 of the $704,872,242 total, against a fiscal year 2025 assessed value the transmittal calls an all-time high of $29.2 billion, more than 96% of it long-life petroleum infrastructure. The General Fund alone took in $565,028,538 — property taxes of $467,085,253 plus investment earnings of $48,144,525 — and spent $493,307,827, ending the year with a fund balance of $317,811,257. The borough’s governmental-activities net position at June 30, 2025 was $3,042,305,660. The school district and Ilisagvik College are legally separate entities the borough is financially accountable for; they are reported separately and are not inside these governmental-fund totals, and enterprise funds (power, property management and others) are reported separately too.
At a glance
Revenue
Total governmental-fund revenue lines re-add exactly to $704,872,242. The General Fund contributed $565,028,538 of that total; the Permanent Fund contributed $121,787,794, nearly all of it investment earnings.
| Item | Amount |
|---|---|
| Property taxes | $467,085,253 |
| Investment earnings and interest | $170,629,106 |
| Intergovernmental | $36,504,145 |
| Charges for services | $13,373,853 |
| Economic impact assistance | $12,300,000 |
| Other | $4,979,885 |
| Total audited governmental-fund revenue | $704,872,242 |
Spending
Total governmental-fund spending lines re-add exactly to $660,382,971. Capital projects ($155,258,590) and general government ($147,884,336) are the two largest lines, ahead of public works ($105,297,940) and debt-service principal ($80,754,794).
| Item | Amount |
|---|---|
| Capital projects | $155,258,590 |
| General government | $147,884,336 |
| Public works | $105,297,940 |
| Debt service — principal retirement | $80,754,794 |
| Public safety | $53,027,237 |
| Primary and secondary education | $46,521,154 |
| Health and social services | $33,995,560 |
| Debt service — interest | $17,132,629 |
| Higher education | $11,701,321 |
| Wildlife management | $7,886,113 |
| Debt issuance costs | $923,297 |
| Total audited governmental-fund expenditures | $660,382,971 |
Sources & notes
- Source used: North Slope Borough Annual Comprehensive Financial Report, fiscal year ended June 30, 2025 (KPMG, LLP, unmodified opinion; transmittal December 23, 2025), Statement of Revenues, Expenditures, and Changes in Fund Balances — Governmental Funds Read the source document.
- Sum checks: total revenue $467,085,253 + $36,504,145 + $13,373,853 + $170,629,106 + $12,300,000 + $4,979,885 = $704,872,242; total spending $147,884,336 + $105,297,940 + $53,027,237 + $33,995,560 + $7,886,113 + $46,521,154 + $11,701,321 + $80,754,794 + $17,132,629 + $923,297 + $155,258,590 = $660,382,971; walk $704,872,242 − $660,382,971 + $120,223,492 = $164,712,763; $1,775,036,238 + $164,712,763 = $1,939,749,001; General Fund $565,028,538 − $493,307,827 = $71,720,711 excess, and $272,978,923 + $44,832,334 = $317,811,257 General Fund ending balance.
- Scope disclosures: these are audited actuals, not budgeted figures. The FY2026–27 Finance section on north-slope.org was not used as a basis because its Assembly adoption was not confirmed. The school district and Ilisagvik College are legally separate entities reported separately from these governmental-fund totals; enterprise funds are reported separately and are not in these totals.
- Identity: this is the North Slope Borough, Alaska. It is not the City of Utqiagvik, 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.