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School district posts clean FY25 audit, warns of FY26 deficit projection as enrollment shifts
Summary
The borough’s school district reported a clean fiscal year 2025 audit with a $250,000 operating surplus and an unrestricted carryover of roughly $2 million (about 20% of budget); administrators said the local contribution waiver ends and projected an FY26 operating deficit of about $400,000 amid enrollment shifts.
The Denali Borough school district told the assembly on Oct. 8 that it has received a draft FY25 audit report showing a clean audit with no findings. The district reported an operating surplus of about $250,000 for FY25 and an unrestricted carryover balance of slightly more than $2 million (roughly 20% of the district budget). The district noted that a statutory waiver allowing carryover above the 10% limit has expired and that board and staff will need to watch the carryover going forward.
The district said FY26 is currently budgeted as a deficit year and that the…
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