The Board of Trustees Holds Budget Work Session and Audit Committee Meetings

JUNEAU - The Alaska Permanent Fund Corporation's (APFC) Board of Trustees held a Budget Work Session and Audit Committee Meeting in Juneau, Alaska, and via Teams webinar on September 5, 2024.

Budget Work Session

During the Budget Work Session, the Trustees reviewed and discussed the proposed elements of the Fiscal Year 2026 APFC Budget presented by staff. The feedback received from today's meeting will be used to refine the FY26 proposed budget, and the final version will be presented to the Board for consideration during the upcoming Annual Meeting. Once approved, it will be submitted to the governor for inclusion in the state's operating budget, scheduled for release in December, and presented to the Legislature for consideration.

"Our Budget Work Session is critical in refining our approach to the FY26 budget, ensuring that it aligns with both our long-term goals and the expectations of Alaskans. The feedback from the Trustees will guide us in crafting a budget that supports the sustainable growth of the Fund." said Deven Mitchell, CEO, Alaska Permanent Fund Corporation.

Audit Committee

The Audit Committee focused on reviewing insights from KPMG, the Corporation's auditor, on its financial statements and external audit results for FY24. The final audit will be released alongside APFC's FY24 Annual Report during the Board of Trustees' Annual Meeting in September.

Read the full press release here.