July 25, 2006 Budget Public Hearing
Statement Regarding the Proposed Millage and Tentative Budget1. STATEMENT REGARDING THE 2006 PROPOSED MILLAGE AND 2006-07 TENTATIVE BUDGET
Description
The 2006 proposed Required Local Effort Millage rate represents a 4.53% increase over last year's rolled back millage rate. The total 2006 proposed millage rate represents a 12.5% increase over the rolled-back rate for 2005. The increase in operating millage is required to hire staff for the anticipated student growth, pay negotiated salary and fringe benefit increases to staff, and the increased cost of fuel, electricity, and other goods and services.
Recommendation N/A Attachment: CERTIF~1.pdf Public Hearing Regarding Proposed Millage Rate2. PUBLIC HEARING REGARDING PROPOSED MILLAGE RATE
Description N/A
Recommendation
That the Board hear public comments regarding the tentative millage rates and answer questions related thereto. Adoption of Proposed Millage Rates3. ADOPTION OF 2006 PROPOSED MILLAGE RATES
Description
N/A
Recommendation
That the following millage rates be adopted as presented:
Required Local Effort 3.623 mills
Discretionary Operating .510 mills
Supplemental Operating .077 mills
Capital 2.000 mills
Voted Operating 1.000 mills Public Hearing Regarding Tentative Budget4. PUBLIC HEARING REGARDING THE 2006-07 TENTATIVE BUDGET
Description N/A
Recommendation That the Board hear public comments regarding the budget increase and answer questions related thereto. Adoption of Tentative Budget5. ADOPTION OF 2006-2007 TENTATIVE BUDGET
Description N/A
Recommendation
That the 2006-07 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 |
$53,050,080 |
$409,640,326 |
$409,204,589 |
$53,485,817 |
Special Revenue |
1,177,619 |
36,966,382 |
37,655,244 |
$488,757 |
Debt Service |
828,167 |
17,903,108 |
17,896,088 |
$835,187 |
Capital Projects |
26,078,340 |
208,978,564 |
235,056,904 |
$0 |
Internal Services |
10,052,484 |
6,251,785 |
5,881,490 |
$10,422,779 |
Trust & Agency |
4,289,514 |
11,142,285 |
10,579,743 |
$4,852,056 |
TOTALS |
$95,476,204 |
$690,882,450 |
$716,274,058 |
$70,084,596 | Adjournment6. ADJOURNMENT
Description N/A
Recommendation
That this meeting of the School Board of Sarasota County, Florida be adjourned. |