Kenai Peninsula Borough
144 North Binkley Street     Soldotna, AK 99669
Phone - (907) 262-4441 or (800) 478-4441   or on the web    www.borough.kenai.ak.us

 Hydrocarbon Industry

Alaska Permanent Fund Dividend

The Alaska Permanent Fund was established by constitutional amendment during 1976 requiring that at least 25% of certain minerals revenues paid to the State be deposited into a public savings account to benefit current and future generations of Alaskans.

The first deposit into the fund, $734,000 was made on February 28, 1977. The first dividend, $1,000, was paid to eligible Alaskans during 1982. As of June 30, 2006 the total investment value was $32,909,719,000, (rounded) up from $29,961,668,000 (rounded) as of June 30, 2005.

108,771 individuals have received every dividend paid since inception of the program.

Alaska Permanent Fund Dividends
  Dividend
Received		 Percent 
Change		 Cumulative
Received		 Statewide Payout in $
1982 1,000.00   1,000.00 469,738,000
1983 386.15 -61.4% 1,386.15 176,550,096
1984 331.29 -14.2% 1,717.44 159,465,779
1985 404.00 21.9% 2,121.44 209,465,920
1986 556.26 37.7% 2,677.70 296,100,536
1987 708.19 27.3% 3,385.89 374,980,231
1988 826.93 16.8% 4,212.82 428,473,780
1989 873.16 5.6% 5,085.98 443,194,187
1990 952.63 9.1% 6,038.61 474,042,025
1991 931.34 -2.2% 6,969.95 476,947,596
1992 915.84 -1.7% 7,885.79 478,669,271
1993 949.46 3.7% 8,835.25 501,292,093
1994 983.90 3.6% 9,819.15 526,037,516
1995 990.30 0.7% 10,809.45 536,637,628
1996 1,130.68 14.2% 11,940.13 617,429,297
1997 1,296.54 14.7% 13,236.67 719,217,965
1998 1,540.88 18.8% 14,777.55 870,931,571
1999 1,769.84 14.9% 16,547.39 1,013,836,915
2000 1,963.86 11.0% 18,511.25 1,145,081,597
2001 1,850.28 -5.8% 20,361.53 1,084,648,938
2002 1,540.76 -16.7% 21,902.29 908,108,536
2003 1,107.56 -28.1% 23,009.85 659,609,573
2004 919.84 -16.9% 23,929.69 551,198,483
2005 845.76 -8.1% 24,775.45 504,780,861
2006 1,106.96 30.9% 25,882.41 655,281,576

The dividend formula...

  1. Add the Fund’s Statutory Net Income* from the current plus the previous four fiscal years.  This five-year average allows for a “smoothing” effect against year-to-year realized earnings volatility.
  2. Multiply  by 21%.  This provides an average of the five years of earnings.

  3. Divide in half.  This amount goes towards dividends.  From the half remaining, money is transferred to inflation proof  Fund principal.  After these two uses, any residual realized earnings stay invested in the Fund's earnings reserve account , where they are available for the Legislature to spend.

  4. Subtract prior year obligations, designated state expenses and the costs of operating the Department of Revenue Permanent Fund Dividend Division.
  5. Divide  by the number of eligible applicants. This figure equals the amount of each PFD!
                                                                                                    Source
Alaska Permanent Fund Dividend Applications from KPB, by Zip Code
Community Zip
Code		 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006
Anchor Point 99556 1,985 2,059 2,087 2,155 2,105 2,205 2,194 2,103 2,122 2,108 1,931 2,055
Clam Gulch 99568 258 265 279 298 310 316 290 307 311 301 301  285
Cooper Landing 99572 327 333 336 355 352 366 370 352 332 343 343  341
Homer 99603 8,561 8,524 8,858 8,956 9,011 8,879 9,160 9,116 9,273 9,292 9,336  8,447
Hope 99605 169 170 167 152 148 157 171 175 177 183 172  167
Kasilof 99610 1,688 1,784 1,851 1,886 1,908 1,967 1,933 2,015 2,084 2,086 2,077  2,083
Kenai 99611 10,103 10,106 10,100 10,465 10,729 11,073 11,198 11,299 11,534 11,559 11,569  11,575
Moose Pass 99631 238 238 233 259 231 239 243 251 251 275 265  247
Nikiski 99635 2,724 2,681 2,767 2,853 2,467 2,406 2,334 2,301 2,173 2,106 1,936  1,918
Ninilchik 99639 891 897 923 953 1,007 1,054 1,029 1,021 1,017 1,075 1,040  1,047
Seldovia 99663 456 453 485 472 473 485 477 471 443 443 418  429
Seward 99664 3,777 3,762 3,775 3,840 3,941 4,070 4,034 3,975 3,924 3,822 3,837  3,851
Soldotna 99669 11,753 11,746 12,102 12,335 12,368 12,483 12,505 12,645 12,805 13,138 13,358  13,293
Sterling 99672 2,198 2,368 2,508 2,583 2,740 2,802 2,793 2,738 2,835 2,894 2,880  2,823
Tyonek 99682 177 173 183 190 192 197 179 193 189 194 206  205
KPB TOTAL   45,305 45,559 46,654 47,752 47,982 48,699 48,910 48,962 49,470 49,819 49,669  48,766
Annual Change   4.10% 0.60% 2.40% 2.40% 0.50% 1.50% 0.40% 0.11% 1.04% 0.71% -0.30%  -1.82%

Overview    Historical Timeline     Cook Inlet Fields     Production History Oil    Gas          Infrastructure Map    
Gas Production History Page 1, Page 2, Page 3                 Oil Production History  Page 1, Page 2  
Gas Production Forecast             Oil Production Forecast              Reserves
Employment & Earnings     Industry Sales     Alaska Permanent Fund Dividend

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