July 29, 2008 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 2008-2009. A public hearing to make a DECISION on the budget AND TAXES will be held on July 29, 2008, 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."
Statement Regarding the Proposed Millage and Tentative Budget1. STATEMENT REGARDING THE 2008 PROPOSED MILLAGE AND 2008-09 TENTATIVE BUDGET Description
"The 2008 proposed Required Local Effort Millage rate represents a 8.23% decrease from last year's rolled back millage rate. The total 2008 proposed millage rate represents a 13.53% 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 Rate2. PUBLIC HEARING REGARDING PROPOSED MILLAGE RATEDescription 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 2008 PROPOSED MILLAGE RATESDescription N/A
Recommendation
That the following millage rates be adopted as presented:
Required Local Effort 3.717 mills Discretionary Operating .498 mills Supplemental Operating .080 mills Capital 1.750 mills Voted Operating 1.000 mills"
Public Hearing Regarding Tentative Budget4. PUBLIC HEARING REGARDING THE 2008-09 TENTATIVE BUDGETDescription N/A
Recommendation
That the Board hear public comments regarding the budget increase and answer questions related thereto.
Adoption of Tentative Budget5. ADOPTION OF 2008-2009 TENTATIVE BUDGETDescription N/A
Recommendation
That the 2008-09 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 |
$56,357,699 |
$405,437,515 |
$422,867,719 |
$38,927,495 |
Special Revenue |
$746,258 |
$40,120,828 |
$39,867,694 |
$999,392 |
Debt Service |
$949,846 |
$19,822,461 |
$19,822,461 |
$949,846 |
Capital Projects |
$5,236,802 |
$307,508,293 |
$282,899,971 |
$29,845,124 |
Internal Services |
$13,657,982 |
$6,179,690 |
$6,271,580 |
$13,566,092 |
Trust & Agency |
$5,187,011 |
$12,021,850 |
$12,301,843 |
$4,907,018 |
TOTALS |
$82,135,598 |
$791,090,637 |
$784,031,268 |
$89,194,967 |
Adjournment6. ADJOURNMENTDescription N/A
Recommendation
That this meeting of the School Board of Sarasota County, Florida, be adjourned.
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