1. PRESENTATION OF SUPERINTENDENT'S TENTATIVE BUDGET FOR FISCAL YEAR 2008-2009

Description

N/A

Recommendation
N/A

2. ACCEPTANCE OF THE 2008 PROPOSED MILLAGE RATES FOR ADVERTISING

Description

The Property Appraiser has certified the Sarasota County 2008 tax roll at $55,844,042,076, which represents a 12.29% decrease from 2007 tax roll of $62,679,917,511,  (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 2008-2009.  This millage rate is set at 3.717 mills by the State of Florida.  The proposed millage rate required by state law is 7.53% less than last year's rolled-back millage rate.  When the local millage is included, the proposed millage rate is 13.20% less than last year's rolled back rate.

 

A comparison of the 2007 millage levies with the proposed 2008 levies is as follows:

MILLAGE LEVY	2007 PROPOSED MILLAGE RATE	2008 PROPOSED MILLAGE RATE
General - local required effort	3.541	3.717
General - basic discretionary	0.510	.498
General - supplemental discretionary	0.072	.080
Capital Outlay	2.000	1.750
Voted Operating	1.000	1.000
TOTAL Millage Rate	7.123	7.045

 

Recommendation

That the following proposed millage rates for 2008 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                  .080 mills
General - Local Required Effort at                          3.717 mills
General - Local Discretionary at                               .498 mills
Capital Outlay at                                                     1.750 mills 
For a total of                                                          7.045 mills"

Motions:
That the following proposed millage rates for 2008 be accepted for advertising in accordance with the requirement of Chapter 200.065 of the Florida Statutes. General - Voted Operating 1.000 millsGeneral - Supplemental Discretionary at .080 millsGeneral - Local Required Effort at 3.717 millsGeneral - Local Discretionary at .498 millsCapital Outlay atFor a total of 7.045 mills"	- PASS
Vote Results
Motion: Caroline Zucker
Second: Carol Todd
Shirley Brown	- Aye
Kathy Kleinlein	- Aye
Frank Kovach	- Aye
Carol Todd	- Aye
Caroline Zucker	- Aye

3. REVIEW AND APPROVAL OF THE TENTATIVE 2008-09 BUDGET FOR ADVERTISING

Description
N/A

Recommendation

That the tentative budget for 2008-09 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	$56,357,699	$405,437,515	$422,867,719	$38,927,495
Special Revenue	$746,258	$40,120,828	$39,867,694	$999,392
Debt Service	$949,846	$19,822,461	$19,822,461	$949,846
Capital Projects	$5,236,802	$307,508,293	$282,899,971	$29,845,124
Internal Services	$13,657,982	$6,179,690	$6,271,580	$13,566,092
Trust & Agency	$5,187,011	$12,021,850	$12,301,843	$4,907,018
TOTALS	$82,135,598	$791,090,637	$784,031,268	$89,194,967

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

Motions:
That the tentative budget for 2008-09 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 $56,357,699 $405,437,515 $422,867,719 $38,927,495 Special Revenue $746,258 $40,120,828 $39,867,694 $999,392 Debt Service $949,846 $19,822,461 $19,822,461 $949,846 Capital Projects $5,236,802 $307,508,293 $282,899,971 $29,845,124 Internal Services $13,657,982 $6,179,690 $6,271,580 $13,566,092 Trust & Agency $5,187,011 $12,021,850 $12,301,843 $4,907,018 TOTALS $82,135,598 $791,090,637 $784,031,268 $89,194,967 This advertisement is required by Florida Statute and the language is restricted by law.	- PASS
Vote Results
Motion: Carol Todd
Second: Shirley Brown
Shirley Brown	- Aye
Kathy Kleinlein	- Aye
Frank Kovach	- Aye
Carol Todd	- Aye
Caroline Zucker	- Aye

4. HEARING OF CITIZENS

Description
N/A

Recommendation
N/A


Minutes: 

None

5. ADJOURNMENT

Description
N/A

Recommendation

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

Minutes: 

The Chair adjourned the Budget Meeting at 5:36 p.m.

We certify that the foregoing minutes are a true account of the Budget meeting held on July 22, 2008, and approved at the regular Board meeting on August 5, 2008.