2. ACCEPTANCE OF THE 2010 PROPOSED MILLAGE RATES FOR ADVERTISING

Description

The Property Appraiser has certified the Sarasota County 2010 tax roll at $44,700,480,106, which represents a 9.15% decrease from the 2009 tax roll of $49,204,548,550 (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 2010-2011.  This millage rate is set at 4.653 mils by the State of Florida.  The proposed millage rate required by state law is .64% less than last year's rolled-back millage rate.  When the local millage is included, the proposed millage rate is 3.85% less than last year's rolled back rate.

A comparison of the 2009 millage levies with the proposed 2010 levies is as follows:

MILLAGE LEVY	2009 PROPOSED MILLAGE RATE	2010 PROPOSED MILLAGE RATE
General - local required effort	4.179	4.653
General - basic discretionary	.748	.748
Capital Outlay	1.500	1.500
Voted Operating	1.000	1.000
TOTAL Millage Rate	7.427	7.901

 

Recommendation

That the following proposed millage rates for 2010 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              4.653 mils
General - Local Discretionary at                  .748 mils
Capital Outlay at                                     1.500 mils

For a total of                                           7.901 mils"

Motions:
That the following proposed millage rates for 2010 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 4.653 milsGeneral - Local Discretionary at .748 milsCapital Outlay at 1.500 milsFor a total of 7.901 mils"	- PASS
Vote Results
Motion: Caroline Zucker
Second: Carol Todd
Shirley Brown	- Aye
Frank Kovach	- Aye
Carol Todd	- Aye
Caroline Zucker	- Aye

Motion Minutes: Board member Kathy Kleinlein absent.

3. REVIEW AND APPROVAL OF THE TENTATIVE 2010-2011 BUDGET FOR ADVERTISING

Description
N/A

Recommendation

That the tentative budget for 2010-11 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	$63,051,920	$382,772,605	$394,776,992	$51,047,533
Special Revenue	$1,494,153	$49,969,401	$49,934,993	$1,528,561
Debt Service	$991,008	$29,709,062	$27,013,170	$3,686,900
Capital Projects	$99,560,567	$223,523,679	$294,765,700	$28,318,546
Trust & Agency	$4,920,222	$11,269,219	$11,150,513	$5,038,928
Internal Services	$15,436,818	$3,378,307	$5,699,138	$13,115,987
TOTALS	$185,454,688	$700,622,273	$783,340,506	$102,736,455

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

 

Attachment: Budget Attachments.pdf
Attachment: Notice of Budget Public Hearing.pdf

Motions:
That the tentative budget for 2010-11 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 $63,051,920 $382,772,605 $394,776,992 $51,047,533 Special Revenue $1,494,153 $49,969,401 $49,934,993 $1,528,561 Debt Service $991,008 $29,709,062 $27,013,170 $3,686,900 Capital Projects $99,560,567 $223,523,679 $294,765,700 $28,318,546 Trust & Agency $4,920,222 $11,269,219 $11,150,513 $5,038,928 Internal Services $15,436,818 $3,378,307 $5,699,138 $13,115,987 TOTALS $185,454,688 $700,622,273 $783,340,506 $102,736,455 This advertisement is required by Florida Statute and the language is restricted by law.	- PASS
Vote Results
Motion: Caroline Zucker
Second: Carol Todd
Shirley Brown	- Aye
Frank Kovach	- Aye
Carol Todd	- Aye
Caroline Zucker	- Aye

Motion Minutes: Board member Kathy Kleinlein absent.

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 County, Florida, be adjourned.

Minutes: 

The Chair adjourned the Budget meeting at 5:22 p.m.