July 21, 2011 Budget Meeting
Call to Order - Flag Salute (Chair - 5:15 p.m.) Presentation of Superintendent's Tentative Budget1. PRESENTATION OF SUPERINTENDENT'S TENTATIVE BUDGET FOR FISCAL YEAR 2011-2012 BY STAFFDescription N/A
Recommendation N/A
Acceptance of Proposed Millage Rates for Advertising2. ACCEPTANCE OF THE 2011 PROPOSED MILLAGE RATES FOR ADVERTISINGDescription N/A
Recommendation
That the following proposed millage rates for 2011 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 4.387 mils General - Local Discretionary at .748 mils Capital Outlay at 1.500 mils For a total of 7.635 mils
The Property Appraiser has certified the Sarasota County 2011 tax roll at $42,034,698,859 which represents a 5.96% decrease from 2010 tax roll of $44,696,823,802 (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 2011-2012. This millage rate is set at 4.387 mils by the State of Florida. The proposed millage rate required by state law is .57% less than last year's folled-back millage rate. When the local millage is included, the proposed millage rate is 9.61% less than last year's rolled back rate.
A comparison of the 2010 millage levies with the proposed 2011 levies is as follows:
MILLAGE LEVY |
2010 PROPOSED MILLAGE RATE |
2011 PROPOSED MILLAGE RATE |
General - local required effort |
4.653 |
4.387 |
General - basic discretionary |
.748 |
.748 |
Capital Outlay |
1.500 |
1.500 |
Voted Operating |
1.000 |
1.000 |
TOTAL Millage Rate |
7.901 |
7.635 |
Motions: | That the following proposed millage rates for 2011 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 4.387 mils General - Local Discretionary at .748 mils Capital Outlay at 1.500 mils For a total of 7.635 mils
The Property Appraiser has certified the Sarasota County 2011 tax roll at $42,034,698,859 which represents a 5.96% decrease from 2010 tax roll of $44,696,823,802 (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 2011-2012. This millage rate is set at 4.387 mils by the State of Florida. The proposed millage rate required by state law is .57% less than last year's folled-back millage rate. When the local millage is included, the proposed millage rate is 9.61% less than last year's rolled back rate.
A comparison of the 2010 millage levies with the proposed 2011 levies is as follows:
MILLAGE LEVY |
2010 PROPOSED MILLAGE RATE |
2011 PROPOSED MILLAGE RATE |
General - local required effort |
4.653 |
4.387 |
General - basic discretionary |
.748 |
.748 |
Capital Outlay |
1.500 |
1.500 |
Voted Operating |
1.000 |
1.000 |
TOTAL Millage Rate |
7.901 |
7.635 | | - PASS | | Vote Results | Motion: Caroline Zucker | Second: Jane Goodwin | Shirley Brown | - Aye | Jane Goodwin | - Aye | Frank Kovach | - Aye | Carol Todd | - Not Present | Caroline Zucker | - Aye |
Review and Approval of the Tentative Budget for Advertising3. REVIEW AND APPROVAL OF THE TENTATIVE 2011-2012 BUDGET FOR ADVERTISINGDescription N/A
Recommendation
That the tentative budget for 2011-12 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 |
$60,252,066 |
$359,219,704 |
$375,351,636 |
$44,120,134 |
Special Revenue |
$2,452,661 |
$44,295,859 |
$43,698,730 |
$3,049,790 |
Debt Service |
$992,916 |
$29,690,479 |
$27,149,508 |
$3,533,887 |
Capital Projects |
$36,158,491 |
$77,620,678 |
$100,076,137 |
$13,703,032 |
Trust & Agency |
$5,177,504 |
$12,088,542 |
$11,893,853 |
$5,372,193 |
Internal Services |
$13,989,457 |
$5,640,129 |
$6,143,200 |
$13,486,386 |
TOTALS |
$119,023,095 |
$528,555,391 |
$564,313,064 |
$83,265,422 | This advertisement is required by Florida Statute and the language is restricted by law.
Motions: | That the tentative budget for 2011-12 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 |
$60,252,066 |
$359,219,704 |
$375,351,636 |
$44,120,134 |
Special Revenue |
$2,452,661 |
$44,295,859 |
$43,698,730 |
$3,049,790 |
Debt Service |
$992,916 |
$29,690,479 |
$27,149,508 |
$3,533,887 |
Capital Projects |
$36,158,491 |
$77,620,678 |
$100,076,137 |
$13,703,032 |
Trust & Agency |
$5,177,504 |
$12,088,542 |
$11,893,853 |
$5,372,193 |
Internal Services |
$13,989,457 |
$5,640,129 |
$6,143,200 |
$13,486,386 |
TOTALS |
$119,023,095 |
$528,555,391 |
$564,313,064 |
$83,265,422 | This advertisement is required by Florida Statute and the language is restricted by law. | - PASS | | Vote Results | Motion: Shirley Brown | Second: Caroline Zucker | Shirley Brown | - Aye | Jane Goodwin | - Aye | Frank Kovach | - Aye | Carol Todd | - Not Present | Caroline Zucker | - Aye |
Hearing of Citizens4. HEARING OF CITIZENSDescription N/A
Recommendation N/A
Minutes: None Adjournment5. ADJOURNMENTDescription N/A
Recommendation
That the budget meeting of the School Board of Sarasota County, Florida, be adjourned.
Minutes: Caroline Zucker made the motion to adjourn the Budget Meeting.
The Chair adjourned the July 21, 2011 Budget Meeting at 5:31 p.m.
We certify that the foregoing minutes are a true account of the Budget Meeting held on July 21, 2011, and approved at the regular Board meeting on August 2, 2011.
Motions: | That the budget meeting of the School Board of Sarasota County, Florida, be adjourned. | - | | Vote Results | Motion: Caroline Zucker | Second: |
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