2. ACCEPTANCE OF THE 2009 PROPOSED MILLAGE RATES FOR ADVERTISING

Description

The Property Appraiser has certified the Sarasota County 2009 tax roll at $49,299,136,563, which represents a 11.69% decrease from 2008 tax roll of $55,827,860,201 (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 2009-2010.  This millage rate is set at 4.161 mills by the State of Florida.  The proposed millage rate required by state law is
2.15 % less than last year's rolled-back millage rate.  When the local millage is included, the proposed millage rate is 8.07% less than last year's rolled back rate.

A comparison of the 2008 millage levies with the proposed 2009 levies is as follows:

MILLAGE LEVY	2008 PROPOSED MILLAGE RATE	2009 PROPOSED MILLAGE RATE
General - local required effort	3.717	4.161
General - basic discretionary	.498	.748
General - supplemental discretionary	0.080	.000
Capital Outlay	1.750	1.500
Voted Operating	1.000	1.000
TOTAL Millage Rate	7.045	7.409

 

Recommendation

That the following proposed millage rates for 2009 be accepted for advertising in accordance with the requirement of Chapter 200.065 of the Florida Statutes.

General - Voted Operating                                1.000 mils
General - Local Required Effort at                      4.161 mils
General - Local Discretionary at                          .748 mils
Capital Outlay at                                            1.500 mils

For a total of                                                 7.409 mills"

Motions:
That the following proposed millage rates for 2009 be accepted for advertising in accordance with the requirement of Chapter 200.065 of the Florida Statutes. General - Voted Operating 1.000 milsGeneral - Local Required Effort at 4.161 milsGeneral - Local Discretionary at .748 milsCapital Outlay at 1.500 milsFor a total of 7.409 mills"	- PASS
Vote Results
Motion: Kathy Kleinlein
Second: Shirley Brown
Shirley Brown	- Aye
Kathy Kleinlein	- Aye
Carol Todd	- Aye
Caroline Zucker	- Aye

Motion Minutes: Board member Frank Kovach absent.

3. REVIEW AND APPROVAL OF THE TENTATIVE 2009-2010 BUDGET FOR ADVERTISING

Description
N/A

Recommendation

That the tentative budget for 2009-10 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	$57,632,456	$386,283,989	$402,986,704	$40,929,741
Special Revenue	$1,082,053	$56,063,053	$55,699,626	$1,445,480
Debt Service	$970,759	$29,857,345	$29,861,445	$966,659
Capital Projects	$120,023,609	$224,981,996	$304,672,843	$40,332,762
Internal Services	$14,860,698	$6,122,681	$6,304,487	$14,678,892
Trust & Agency	$4,907,018	$7,399,895	$7,158,471	$5,148,442
TOTALS	$199,476,593	$710,708,959	$806,683,576	$103,501,976

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

Motions:
That the tentative budget for 2009-10 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 $57,632,456 $386,283,989 $402,986,704 $40,929,741 Special Revenue $1,082,053 $56,063,053 $55,699,626 $1,445,480 Debt Service $970,759 $29,857,345 $29,861,445 $966,659 Capital Projects $120,023,609 $224,981,996 $304,672,843 $40,332,762 Internal Services $14,860,698 $6,122,681 $6,304,487 $14,678,892 Trust & Agency $4,907,018 $7,399,895 $7,158,471 $5,148,442 TOTALS $199,476,593 $710,708,959 $806,683,576 $103,501,976 This advertisement is required by Florida Statute and the language is restricted by law.	- PASS
Vote Results
Motion: Carol Todd
Second: Kathy Kleinlein
Shirley Brown	- Aye
Kathy Kleinlein	- Aye
Carol Todd	- Aye
Caroline Zucker	- Aye

Motion Minutes: Board member Frank Kovach absent.

4. HEARING OF CITIZENS

Description
N/A

Recommendation
N/A


Minutes: Norman Lupo - Budget

5. ADJOURNMENT

Description
N/A

Recommendation

That the budget meeting of the School Board of Sarasota, Florida, be adjourned.

Minutes: 

Motions:
That the budget meeting of the School Board of Sarasota, Florida, be adjourned.	-
Vote Results
Motion: Carol Todd
Second: Kathy Kleinlein

Motion Minutes: 

The Chair adjourned the Budget Meeting at 5:50 p.m.

We certify that the foregoing minutes are a true account of the Budget meeting held on July 21, 2009, and approved at the regular Board meeting on August 4, 2009.