Skip To Main Content

Budgeting and Accounting

Current & Previous Budget Reports

Where can I find KPS school budgets? 

Fiscal Year 2005-26 Proposed Budgets

Elementary District (K-8) FY25 Budget

High School (9-12) FY25 Budget

Previous Budget Reports

KPS financials, referred to as the Trustees’ Financial Summary, are posted on the Montana Office of Public Instruction’s website. This report includes balance sheet information, income statements, and additional financial details. You can currently access data going back to 2010 at the following link:

Historical Budgets

How does the district spend its money? Is there an independent audit?

The district follows a structured process to develop and manage its budget, ensuring funds are allocated appropriately and efficiently.

Process from Trustee Adoption of Budget to End-of-Year Audit:

  • Enrollment Counts (October & February): The district’s funding is based on enrollment, which is officially counted twice a year to determine state funding allocations.
  • Levy Consideration (March): By March, the Board of Trustees decides whether to run a levy election to supplement funding.
  • Legislative Impact (Every Other Year): If it is a legislative year, the district assesses any changes in state funding and incorporates them into budget planning.
  • Preliminary Budget Development (Spring & Summer): Based on enrollment projections, funding levels, and staffing needs, a draft budget is prepared and reviewed.
  • Board Adoption (August): The Board of Trustees approves the final budget for the upcoming school year.
  • Staffing Metrics: The district uses established staffing metrics to ensure appropriate staffing levels for student needs while identifying and adjusting for potential overstaffing.
  • Annual Audit: After the fiscal year ends, an independent audit reviews district finances to ensure compliance and transparency.

Budget & Audit Reports