Ona Brause
39:05 - 39:48
“this fund and the way this fund is recovered should be calculated and analyzed on an annual basis. There were a few years where that was not occurring, and during that time frame, the costs of the claims also increased. So the inflationary impacts of the cost of everything combined with the, the sort of lost corrections on an annual basis to do this annual true-up that we have now done sort of ballooned the deficit that we saw occurring.”
- Speaker
- Ona Brause
- Timestamp
- 39:05 – 39:48
- Community
- Alaska News
- Location
- Anchorage
- Captured at
From the transcript
Through the Chair, part of it is that this fund and the way this fund is recovered should be calculated and analyzed on an annual basis. There were a few years where that was not occurring, and during that time frame, the costs of the claims also increased. So the inflationary impacts of the cost of everything combined with the, the sort of lost corrections on an annual basis to do this annual true-up that we have now done sort of ballooned the deficit that we saw occurring. So now we're able to come in, understand what the actual numbers should be going forward, how much we should be—. Mm-hmm.
Related Coverage
Anchorage city funds carry $45 million in deficits — biggest two still growing
Anchorage owes itself $45M across five funds. The city skipped some accounting reviews; now they're catching up.
Anchorage budget trade-off: schools OR general government, not both, may be coming
Anchorage Assembly: model schools OR general government — not both. A committee member said the underlying situation is a fiscal cliff.
