1. STATEMENT REGARDING THE 2011 PROPOSED MILLAGE AND 2011-2012 TENTATIVE BUDGET

Description

The 2011 proposed Required Local Effort Millage rate represents an 11.80% decrease over last year's rolled back millage rate.  The total 2011 proposed millage rate represents a 9.61% decrease from last year's rolled back millage rate.  The operating millage is required to hire staff for the school district, pay negotiated salary and fringe benefits to staff and the cost of fuel, electricity and other goods and services.

Recommendation
N/A

2. PUBLIC HEARING REGARDING PROPOSED MILLAGE RATE

Description

Open the Public meeting for the Board to hear public comments regarding the tentative millage rates and answer questions thereto.

Recommendation
N/A


Minutes: None

3. ADOPTION OF 2011 PROPOSED MILLAGE RATES

Description

N/A

Recommendation

That the following millage rates be adopted as presented:

Required Local Effort               4.387 mils
Discretionary Operating             .748 mils
Capital                                  1.500 mils
Voted Operating                     1.000 mils

Motions:
That the following millage rates be adopted as presented: Required Local Effort               4.387 mils Discretionary Operating             .748 mils Capital                                  1.500 mils Voted Operating                     1.000 mils	- PASS
Vote Results
Motion: Caroline Zucker
Second: Jane Goodwin
Shirley Brown	- Aye
Jane Goodwin	- Aye
Frank Kovach	- Aye
Carol Todd	- Aye
Caroline Zucker	- Aye

4. PUBLIC HEARING REGARDING THE 2011-2012 TENTATIVE BUDGET

Description

Open the Public meeting for the Board to hear public comments regarding the tentative budget and answer questions related thereto.

Recommendation
N/A


Minutes: None

5. ADOPTION OF THE 2011-2012 TENTATIVE BUDGET

Description
N/A

Recommendation

That the 2011-12 Fiscal Year Tentative Budget be adopted as presented.

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

Motions:
That the 2011-12 Fiscal Year Tentative Budget be adopted as presented. 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	- PASS
Vote Results
Motion: Caroline Zucker
Second: Shirley Brown
Shirley Brown	- Aye
Jane Goodwin	- Aye
Frank Kovach	- Aye
Carol Todd	- Nay
Caroline Zucker	- Aye

6. ADJOURNMENT

Description

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

Recommendation
N/A


Minutes: 

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

We certify that the foregoing minutes are a true account of the Budget Public Hearing held on July 26, 2011, and approved at the regular Board meeting on August 2, 2011.