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Sarasota County Schools

The School Board of Sarasota County, Florida
Landings Administrative Complex
1980 Landings Blvd.
5:15 PM

July 26, 2007 Budget Public Hearing

Legal Requirement
Statement Regarding the Proposed Millage and Tentative Budget

1. STATEMENT REGARDING THE 2007 PROPOSED MILLAGE AND 2007-08 TENTATIVE BUDGET
Description
"The 2007 proposed Required Local Effort Millage rate represents a .74% increase over last year's rolled back millage rate. The total 2007 proposed millage rate represents a 1.84% increase over the rolled-back rate for 2006. 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: 2007-08Public Hearing for T.pdf

Public Hearing Regarding Proposed Millage Rate

2. 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 Rates

3. ADOPTION OF 2007 PROPOSED MILLAGE RATES
Description
N/A

Recommendation
That the following millage rates be adopted as presented:

Required Local Effort                  3.541 mills

Discretionary Operating                 .510 mills
Supplemental Operating                 .072 mills

Capital                                         2.000 mills
Voted Operating                          1.000 mills"

Public Hearing Regarding Tentative Budget

4. PUBLIC HEARING REGARDING THE 2007-08 TENTATIVE BUDGET
Description
N/A

Recommendation
That the Board hear public comments regarding the budget increase and answer questions related thereto.

Adoption of Tentative Budget

5. ADOPTION OF 2007-2008 TENTATIVE BUDGET
Description
N/A

Recommendation
That the 2007-08 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

$51,989,031

$433,129,979

$428,750,811

$56,368,199

Special Revenue

1,126,299

35,677,135

35,362,930

$ 1,440,503

Debt Service

904,527

18,206,047

18,217,948

$   892,626

Capital Projects

6,586,211

230,639,282

236,554,380

$   671,113

Internal Services

11,826,895

8,687,547

6,438,249

$14,076,193

Trust & Agency

5,187,010

11,553,039

11,184,980

$  5,555,069

TOTALS

$77,619,973

$737,893,029

   $736,509,298

$79,003,703

Adjournment

6. ADJOURNMENT
Description
N/A

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