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Sarasota County Schools

THE SCHOOL BOARD OF SARASOTA COUNTY, FLORIDA
Landings Administrative Complex
1980 Landings Blvd.
5:15 p.m.

July 26, 2011 Budget Public Hearing

LEGAL REQUIREMENT: Florida Statute 200.065(2)(e), states that: "The School Board of Sarasota County, Florida, will soon consider a budget for 2011-2012. A public hearing to make a DECISION on the budget and TAXES will be held on July 26, 2011, 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 (Chair - 5:15 p.m.)
Statement Regarding the Proposed Millage and Tentative Budget

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

Public Hearing Regarding Proposed Millage Rate

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

Adoption of Proposed Millage Rates

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

Public Hearing Regarding Tentative Budget

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

Adoption of Tentative Budget

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

Adjournment

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

Recommendation
N/A