1. PRESENTATION OF SUPERINTENDENT'S TENTATIVE BUDGET FOR FISCAL YEAR 2014-2015 BY STAFF

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Recommendation
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2. ACCEPTANCE OF THE 2014 PROPOSED MILLAGE RATES FOR ADVERTISING

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Recommendation

That the following proposed millage rates for 2014 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 at    4.529 mils
General - Local Discretionary at       .748 mils
Capital Outlay at                              1.500 mils
For a total of                                    7.777 mils

The Property Appraiser has certified the Sarasota County 2014 tax roll at $46,981,167,444 which represents a 7.81% increase from 2013 tax roll of $43,576,145,919  (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 2014-2015.  This millage rate is set at 4.529 mils by the State of Florida.  The proposed millage rate required by state law is 2.42% more than last year's rolled-back millage rate.  When the local millage is included, the proposed millage rate is 4.20% more than last years rolled back rate.

A comparison of the 2013 millage levies with the proposed 2014 levies is as follows:

MILLAGE LEVY	2013 ACTUAL MILLAGE RATE	2014 PROPOSED MILLAGE RATE
General - local required effort	4.722	4.529
General - basic discretionary	0.748	0.748
Capital Outlay	1.500	1.500
Voted Operating	1.000	1.000
TOTAL Millage Rate	7.970	7.777

Attachment: attach 2.pdf

Motions:
That the following proposed millage rates for 2014 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 at    4.529 mils General - Local Discretionary at       .748 mils Capital Outlay at                              1.500 mils For a total of                                    7.777 mils The Property Appraiser has certified the Sarasota County 2014 tax roll at $46,981,167,444 which represents a 7.81% increase from 2013 tax roll of $43,576,145,919  (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 2014-2015.  This millage rate is set at 4.529 mils by the State of Florida.  The proposed millage rate required by state law is 2.42% more than last year's rolled-back millage rate.  When the local millage is included, the proposed millage rate is 4.20% more than last years rolled back rate. A comparison of the 2013 millage levies with the proposed 2014 levies is as follows: MILLAGE LEVY 2013 ACTUAL MILLAGE RATE 2014 PROPOSED MILLAGE RATE General - local required effort 4.722 4.529 General - basic discretionary 0.748 0.748 Capital Outlay 1.500 1.500 Voted Operating 1.000 1.000 TOTAL Millage Rate 7.970 7.777	- PASS
Vote Results
Motion: Shirley Brown
Second: Caroline Zucker
Shirley Brown	- Aye
Jane Goodwin	- Aye
Frank Kovach	- Aye
Bridget Ziegler	- Aye
Caroline Zucker	- Aye

3. REVIEW AND APPROVAL OF THE TENTATIVE 2014-2015 BUDGET FOR ADVERTISING

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Recommendation

  

                              

 

                                   

                                 

                  

That the tentative budget for 2014-2015 be approved for advertising as displayed in the enclosure:              

FUND	BEGINNING FUND BALANCE	REVENUES, NON-REVENUE SOURCES AND TRANSFERS IN	EXPENDITURES AND TRANSFERS OUT	ENDING FUND BALANCE
General	$50,174,134	$395,408,444	$398,779,126	$46,803,452
Special Revenue	$5,432,755	$44,037,276	$43,582,432	$5,887,599
Debt Service	$10,920,724	$33,813,778	$31,539,588	$13,194,914
Capital Projects	$38,044,212	$89,835,245	$106,471,168	$21,408,289
Trust & Agency	$5,537,466	$12,024,604	$11,993,890	$5,568,180
Internal Services	$13,180,049	$5,658,771	$7,204,218	$11,634,602
TOTALS	$123,289,340	$580,778,118	$599,570,422	$104,497,036

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

Attachment: attach 3.pdf

Motions:
That the tentative budget for 2014-2015 be approved for advertising as displayed in the enclosure:               FUND BEGINNING FUND BALANCE REVENUES, NON-REVENUE SOURCES AND TRANSFERS IN EXPENDITURES AND TRANSFERS OUT ENDING FUND BALANCE General $50,174,134 $395,408,444 $398,779,126 $46,803,452 Special Revenue $5,432,755 $44,037,276 $43,582,432 $5,887,599 Debt Service $10,920,724 $33,813,778 $31,539,588 $13,194,914 Capital Projects $38,044,212 $89,835,245 $106,471,168 $21,408,289 Trust & Agency $5,537,466 $12,024,604         $11,993,890 $5,568,180 Internal Services   $13,180,049   $5,658,771   $7,204,218   $11,634,602 TOTALS $123,289,340 $580,778,118 $599,570,422 $104,497,036 This advertisement is required by Florida Statute and the language is restricted by law.	- PASS
Vote Results
Motion: Frank Kovach
Second: Caroline Zucker
Shirley Brown	- Aye
Jane Goodwin	- Aye
Frank Kovach	- Aye
Bridget Ziegler	- Aye
Caroline Zucker	- Aye

4. HEARING OF CITIZENS

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Recommendation
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Minutes: None.

5. ADJOURNMENT

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Recommendation

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Minutes: 

The Chair adjourned the Tentative Budget meeting at 4:19 p.m.

We certify that the foregoing minutes are a true account of the Tentative Budget meeting held on July 22, 2014 and approved at the regular Board meeting on August 5, 2014.

_______________________                  ______________________
Secretary                                                  Chair
Lori White                                                 Jane Goodwin