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0:45

Speaker B

51:58 - 52:44

"The IT internal service fund order of magnitude is going to be about $14.7 million. When we look at those numbers, we're also going to tell you deficit, some portion of that is related to general government and some portion of that is related to the enterprises and utilities. And rough numbers, about 90, 89% of the workers' compensation general liability fund deficit we think is going to be— we're working on the hard numbers now— general government share. So there's $14.7 million that general government owes that fund. On the IT side, because of the way that the capital assets depreciate, it looks like more about 64% of that fund, so about $9.3 million that general government owes that fund."

“The IT internal service fund order of magnitude is going to be about $14.7 million. When we look at those numbers, we're also going to tell you deficit, some portion of that is related to general government and some portion of that is related to the enterprises and utilities. And rough numbers, about 90, 89% of the workers' compensation general liability fund deficit we think is going to be— we're working on the hard numbers now— general government share. So there's $14.7 million that general government owes that fund. On the IT side, because of the way that the capital assets depreciate, it looks like more about 64% of that fund, so about $9.3 million that general government owes that fund.”
Speaker
Speaker B
Community
Alaska News
Location
Anchorage
Captured at
May 21, 2026

From the transcript

The IT internal service fund order of magnitude is going to be about $14.7 million. When we look at those numbers, we're also going to tell you deficit, some portion of that is related to general government and some portion of that is related to the enterprises and utilities. And rough numbers, about 90, 89% of the workers' compensation general liability fund deficit we think is going to be— we're working on the hard numbers now— general government share. So there's $14.7 million that general government owes that fund. On the IT side, because of the way that the capital assets depreciate, it looks like more about 64% of that fund, so about $9.3 million that general government owes that fund.

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Anchorage faces $31M deficit across internal service funds

The Anchorage Assembly Budget and Finance Committee learned Thursday that the municipality has accumulated roughly $31 million in deficits across two internal service funds — $16.6 million in workers' compensation and general liability, and $14.7 million in information technology — with the administration promising a plan to retire most of the general government liability when the 2024 Annual Comprehensive Financial Report is released in June.

Cale Greenby Cale Green4mo ago2 min read
Anchorage
Cover image for article: Anchorage faces $31M deficit across internal service funds