Sarasota County Schools
Landings Administrative Complex
1980 Landings Blvd.
3:00 p.m.
LEGAL REQUIREMENT: Florida Statute 200.065(2)(e), states that: "The School Board of Sarasota County, Florida will soon consider a budget for 2017-2018. A public hearing to make a decision on the budget and taxes will be held on July 25, 2017 at 1980 Landings Boulevard, Sarasota, Florida. During such discussion, the governing body shall hear comments regarding the proposed millage rate. The general public shall be allowed to speak and to ask questions prior to adoption of any measures by the governing body. The governing body shall adopt its tentative or final millage rate prior to adopting its tentative or final budget."
Call to Order - Flag Salute (3:00 p.m.)
Presentation of Superintendent's Tentative Budget
1. PRESENTATION OF SUPERINTENDENT'S TENTATIVE BUDGET FOR FISCAL YEAR 2017-2018Description
N/A
Recommendation
N/A
Attachment: 2017-18 TENTATIVE BUDGET EXECUTIVE SUMMARY.pdf
Acceptance of Proposed Millage Rates for Advertising
2. ACCEPTANCE OF THE 2017 PROPOSED MILLAGE RATES FOR ADVERTISINGDescriptionThe Property Appraiser has certified the Sarasota County School Board's 2017 taxable assessed property values at $58,860,022,628 which represents a 7.32% increase from the 2016 tax roll of $54,846,630,663 (see "Certification of School Taxable Value"). The General Fund required local effort millage must be levied by the School Board if the district is to participate and receive any Florida Education Finance Program (FEFP) funds in fiscal year 2017-2018. The millage rate for Sarasota County Schools is set at 4.185 mils by the State of Florida. The proposed millage rate required by state law is .42% less than last years rolled-back millage rate. When all local millage levies are included, the proposed millage rate is 2.87% more than last years rolled-back rate.
A comparison of the 2016 millage levies with the proposed 2017 levies are as follows:
MILLAGE LEVY
2016 ACTUAL MILLAGE RATE
2017 PROPOSED MILLAGE RATE
General - required local effort
4.185
3.961 General - basic discretionary
0.748
0.748
Capital Outlay
1.500
1.500
Voted Operating
1.000
1.000
TOTAL Millage Rate
7.433
7.209
RecommendationThat the following proposed millage rates for 2017 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 - 3.961 mils
General - Local Discretionary - .748 mils
Capital Outlay - 1.500 mils
Total Millage - 7.209 mils
Attachment: Certification of School Taxable Value 2017-18 DR-420S.pdf
Review and Approval of the Tentative Budget for Advertising
3. REVIEW AND APPROVAL OF THE TENTATIVE 2017-2018 BUDGET FOR ADVERTISINGDescriptionThis advertisement is required by Florida Statute and the language is restricted by law.
FUND
BEGINNING FUND BALANCE
REVENUES, NON-REVENUE SOURCES AND TRANSFERS IN
EXPENDITURES AND TRANSFERS OUT
ENDING FUND BALANCE
General
$65,408,972
$440,176,863
$440,825,022
$64,760,813
Special Revenue
$4,107,406
$43,167,851
$44,493,292
$2,781,965
Debt Service
$20,086,937
$31,848,737
$30,018,720
$21,916,954
Capital Projects
$13,308,401
$110,505,349
$111,969,068
$11,844,682
Trust & Agency
$7,299,604
$14,610,048
$14,247,728
$7,661,924
Internal Services
$32,396,193
$58,149,528
$56,065,771
$34,479,950
TOTALS
$142,607,513
$698,458,376
$697,619,601
$143,446,288
RecommendationThat the tentative budget for 2017-2018, be approved for advertising as displayed in the enclosures.
Attachment: BudgetSummaryAd - Tribune 07222017.pdf
Attachment: Capital Outlay Notice 07222017.pdf
Attachment: 7-22 Tax Proposed Tax Increase Advertisement Notice 2017.pdf
Hearing of Citizens
4. HEARING OF CITIZENSDescription
N/A
Recommendation
N/A
Adjournment
5. ADJOURNMENTDescriptionN/A
RecommendationN/A