Unalaska Expects Budget Surplus Of $7.8 Million, As Officials Credit Conservative Spending

Jul 2, 2018

Every city department is under budget through May, putting Unalaska on track to spend just 84 percent of estimated expenditures for fiscal year 2018.
Credit Berett Wilber/KUCB

Unalaska's budget is in good shape as fiscal year 2018 comes to a close.

Finance Director Clay Darnell said the city has already banked a surplus of $7.5 million — a number that's expected to grow as his department crunches the final figures for June.

"We project that we'll be at $7.8 million, so we're really doing good," he said. "We're approximately $4.6 million better than we anticipated we'd be at the end of the year."

Darnall said the surplus is a result of conservative spending on top of already conservative financial plan.

Every city department is under budget through May, putting Unalaska on track to spend just 84 percent of estimated expenditures.

Darnall said that'll more than offset a one-percent dip in revenue, brought on by underperforming seafood taxes.

Projections show that Unalaska's raw seafood tax and Alaska's resource landing tax will generate almost $1.7 million less than expected, thanks to low fisheries quotas. 

But Darnall said modest increases in investment earnings, electric utilities, and port income will help protect the city's surplus.