1. PRESENTATION OF SUPERINTENDENT'S TENTATIVE BUDGET FOR FISCAL YEAR 2007-2008 BY STAFF

Description
N/A

Recommendation
N/A

Attachment: 2007-08 Tent. Agenda 6.pdf
Minutes: Superintendent Gary Norris presented a brief presentation of the 2007-2008 Tentative Budget.

Deputy Chief Financial Officer Al Weidner stated the intent for the meeting was to have the Superintendent's Tentative Budget presented to the Board and for the Board to approve the rates for advertising.  The Public Hearing to Adopt the Tentative Millage and Budget for 2007-2008, is scheduled for Thursday, January 26, 2007, 5:15 p.m.

2. ACCEPTANCE OF THE 2007 PROPOSED MILLAGE RATES FOR ADVERTISING

Description

The Property Appraiser has certified the Sarasota County 2007 tax roll at $62,685,251,050, which represents a 6.5% increase over the 2006 tax roll of $58,837,269,434, (see "Certification of School Taxable Value").  The general fund local required effort must be levied by the School Board, if the district is to receive any state FEFP dollars in fiscal year 2007-08.  This millage rate is set at 3.541 mills by the State of Florida.  The proposed millage rate required by state law is .74% more than last year's rolled-back millage rate.  When the local millage is included, the proposed millage rate is 1.83% more than last year's rolled back rate.

A comparison of the 2006 millage levies with the proposed 2007 levies is as follows:

MILLAGE LEVY	2006 PROPOSED MILLAGE RATE	2007 PROPOSED MILLAGE RATE
General - local required effort	3.623	3.541
General - basic discretionary	0.510	0.510
General - supplemental discretionary	0.077	.072
Capital Outlay	2.000	2.000
Voted Operating	1.000	1.000
TOTAL Millage Rate	7.210	7.123

Recommendation

Recommended Motion: "that the following proposed millage rates for 2007, be accepted for advertising in accordance with the requirement of Chapter 200.065 of the Florida Statutes.

General - Voted Operating                                           1.000 mills General - Supplemental Discretionary at                          .072 mills General - Local Required Effort at                                 3.541 mills General - Local Discretionary at                                    .510 mills Capital Outlay at                                                         2.000 mills             For a total of                                                   7.123 mills"

 

 

 

 

 

Motions:
Recommended Motion: "that the following proposed millage rates for 2007, be accepted for advertising in accordance with the requirement of Chapter 200.065 of the Florida Statutes. General - Voted Operating 1.000 mills General - Supplemental Discretionary at .072 mills General - Local Required Effort at 3.541 mills General - Local Discretionary at .510 mills Capital Outlay at 2.000 mills For a total of 7.123 mills"	- PASS
Vote Results
Motion: Caroline Zucker
Second: Carol Todd
Carol Todd	- Aye
Shirley Brown	- Aye
Kathy Kleinlein	- Aye
Frank Kovach	- Aye
Caroline Zucker	- Aye

3. REVIEW AND APPROVAL OF THE TENTATIVE 2007-08 BUDGET FOR ADVERTISING

Description

This advertisement is required by Florida Statute and the language is restricted by law.

Recommendation

Recommended Motion: "that the tentative budget for 2007-08, be approved for advertising as displayed in the enclosures."

 

FUND	BEGINNING FUND BALANCE	REVENUES, NON-REVENUE SOURCES AND TRANSFERS IN	EXPENDI- TURES AND TRANSFERS OUT	ENDING FUND BALANCE
General	$51,989,031	$433,129,979	$428,750,811	$56,368,199
Special Revenue	1,126,299	35,677,135	35,362,930	$1,440,503
Debt Service	904,527	18,206,047	18,217,948	892,626
Capital Projects	6,586,211	230,639,282	236,554,380	671,113
Internal Services	11,826,895	8,687,547	6,438,249	14,076,193
Trust & Agency	5,187,010	11,553,039	11,184,980	5,555,069
TOTALS	$77,619,973	$737,893,029	$736,509,299	$79,003,703

 

Motions:
Recommended Motion: "that the tentative budget for 2007-08, be approved for advertising as displayed in the enclosures." FUND BEGINNING FUND BALANCE REVENUES, NON-REVENUE SOURCES AND TRANSFERS IN EXPENDI- TURES AND TRANSFERS OUT ENDING FUND BALANCE General $51,989,031 $433,129,979 $428,750,811 $56,368,199 Special Revenue 1,126,299 35,677,135 35,362,930 $1,440,503 Debt Service 904,527 18,206,047 18,217,948 892,626 Capital Projects 6,586,211 230,639,282 236,554,380 671,113 Internal Services 11,826,895 8,687,547 6,438,249 14,076,193 Trust & Agency 5,187,010 11,553,039 11,184,980 5,555,069 TOTALS $77,619,973 $737,893,029 $736,509,299 $79,003,703	- PASS
Vote Results
Motion: Shirley Brown
Second: Caroline Zucker
Carol Todd	- Aye
Caroline Zucker	- Aye
Kathy Kleinlein	- Aye
Shirley Brown	- Aye
Frank Kovach	- Aye

4. HEARING OF CITIZENS

Description
N/A

Recommendation
N/A

Minutes: Norm Lupo - Tentative Budget

5. ADJOURNMENT

Description
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Recommendation
N/A

Minutes: The Chair adjourned the tentative Budget meeting at 5:36 p.m.

We certify that the foregoing minutes are a true account of the Tentative Budget meeting held on July 19, 2007, and approved at the regular Board meeting on August 7, 2007.