1. PRESENTATION OF SUPERINTENDENT'S TENTATIVE BUDGET FOR FISCAL YEAR 2016-2017 BY STAFF

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Recommendation
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Attachment: Executive Summary All Funds 2016-2017.pdf

2. ACCEPTANCE OF THE 2016 PROPOSED MILLAGE RATES FOR ADVERTISING

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Recommendation

That the following proposed millage rates for 2016 be accepted for advertising in accordance with requirement of Chapter 200.065 of the Florida Statutes.

General - Voting Operating             1.000 mils
General - Local Required Effort       4.185 mils
General - Local Discretionary           .748 mils
Capital Outlay                              1.500 mils
For a total of                                7.433 mils

The Property Appraiser has certified that Sarasota County 2016 tax roll at $54,838,821,256 which represents a 9.17% increase from the 2015 tax roll of $50,301,897,178 (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 2016-2017. This millage rate is set at 4.185 mils by the State of Florida.  The proposed millage rate required by state law is .42% less than last year's rolled-back millage rate.  When the local millage is included, the proposed millage rate is 2.87% more than last years rolled-back rate.

A comparison of the 2015 millage levies with the proposed 2016 levies is as follows:

MILLAGE LEVY	2015 ACTUAL MILLAGE RATE	2016 PROPOSED MILLAGE RATE
General - local required effort	4.515	4.185
General - basic discretionary	0.748	0.748
Capital Outlay	1.500	1.500
Voted Operating	1.000	1.000
TOTAL Millage Rate	7.763	7.433

Attachment: Cert Schl Tax Value.pdf

Motions:
That the following proposed millage rates for 2016 be accepted for advertising in accordance with requirement of Chapter 200.065 of the Florida Statutes. General - Voting Operating             1.000 mils General - Local Required Effort       4.185 mils General - Local Discretionary           .748 mils Capital Outlay                              1.500 mils For a total of                                7.433 mils The Property Appraiser has certified that Sarasota County 2016 tax roll at $54,838,821,256 which represents a 9.17% increase from the 2015 tax roll of $50,301,897,178 (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 2016-2017. This millage rate is set at 4.185 mils by the State of Florida.  The proposed millage rate required by state law is .42% less than last year's rolled-back millage rate.  When the local millage is included, the proposed millage rate is 2.87% more than last years rolled-back rate. A comparison of the 2015 millage levies with the proposed 2016 levies is as follows: MILLAGE LEVY 2015 ACTUAL MILLAGE RATE 2016 PROPOSED MILLAGE RATE General - local required effort 4.515  4.185 General - basic discretionary 0.748 0.748 Capital Outlay 1.500 1.500 Voted Operating 1.000 1.000 TOTAL Millage Rate 7.763  7.433	- PASS
Vote Results
Motion: Caroline Zucker
Second: Frank Kovach
Shirley Brown	- Aye
Jane Goodwin	- Aye
Frank Kovach	- Aye
Bridget Ziegler	- Not Present
Caroline Zucker	- Aye

3. REVIEW AND APPROVAL OF THE TENTATIVE 2016-2017 BUDGET FOR ADVERTISING

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N/A

Recommendation

That the tentative budget for 2016-2017, be approved for advertising as displayed in the enclosures.

 

FUND	BEGINNING FUND BALANCE	REVENUES, NON-REVENUE SOURCES AND TRANSFERS IN	EXPENDITURES AND TRANSFERS OUT	ENDING FUND BALANCE
General	$49,291,332	$423,800,928	$423,451,203	$49,641,057
Special Revenue	$4,769,008	$41,971,021	$42,700,336	$4,039,693
Debt Service	$15,225,575	$30,875,145	$28,751,250	$17,349,470
Capital Projects	$8,186,325	$102,409,610	$101,983,800	$8,612,135
Trust & Agency	$5,808,210	$12,599,633	$12,326,181	$6,081,662
Internal Services	$27,587,577	$56,001,089	$53,197,866	$30,390,800
TOTALS	$110,868,027	$667,657,426	$662,410,636	$116,114,817

 

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

Attachment: proposed tax increase.pdf
Attachment: BudgetSummaryAd.pdf
Attachment: Capital Outlay Notice .pdf

Motions:
That the tentative budget for 2016-2017, be approved for advertising as displayed in the enclosures.   FUND BEGINNING FUND BALANCE REVENUES, NON-REVENUE SOURCES AND TRANSFERS IN EXPENDITURES AND TRANSFERS OUT ENDING FUND BALANCE General $49,291,332 $423,800,928 $423,451,203 $49,641,057 Special Revenue $4,769,008 $41,971,021 $42,700,336 $4,039,693 Debt Service $15,225,575 $30,875,145 $28,751,250 $17,349,470 Capital Projects $8,186,325 $102,409,610 $101,983,800 $8,612,135 Trust & Agency $5,808,210 $12,599,633   $12,326,181 $6,081,662 Internal Services $27,587,577 $56,001,089 $53,197,866 $30,390,800 TOTALS $110,868,027 $667,657,426 $662,410,636 $116,114,817   This advertisement is required by Florida Statute and the language is restricted by law.	- PASS
Vote Results
Motion: Caroline Zucker
Second: Jane Goodwin
Frank Kovach	- Aye
Bridget Ziegler	- Not Present
Caroline Zucker	- Aye
Shirley Brown	- Aye
Jane Goodwin	- Aye

4. HEARING OF CITIZENS

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5. ADJOURNMENT

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Minutes: 

The Chair adjourned the Tentative Budget Meeting at 4:20 p.m.

We certify that the foregoing minutes are a true account of the Tentative Budget meeting held on July 19, 2016 and approved at the regular Board meeting on August 2, 2016.

________________________               ___________________________
Secretary                                                Chair
Lori White                                              Shirley Brown