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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 29, 2014 Public Hearing to Adopt Tentative Millage and Budget

LEGAL REQUIREMENT: Florida Statute 200.065(2)(e), states that: "The School Board of Sarasota County, Florida will soon consider a budget for 2014-2015. A public hearing to make a DECISION on the budget AND TAXES will be held on July 29, 2014, 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 2014 PROPOSED MILLAGE AND 2014-2015 TENTATIVE BUDGET
Description
The 2014 proposed Required Local Effort Millage rate represents an 2.42% increase over last year’s rolled back millage rate. The total 2014 proposed millage rate represents a 4.20% increase 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 2014 MILLAGE RATE
Description
Open the Public meeting for the Board to hear public comments regarding the tentative millage rates and answer questions related thereto.

Recommendation
N/A

Adoption of Proposed Millage Rates

3. ADOPTION OF 2014 PROPOSED MILLAGE RATES
Description
N/A

Recommendation
That the following millage rates be adopted as presented:

Required Local Effort               4.529 mils
Discretionary Operating              .748 mils
Capital                                     1.500 mils
Voted Operating                       1.000 mils

Public Hearing Regarding Tentative Budget

4. PUBLIC HEARING REGARDING THE 2014-2015 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 2014-2015 TENTATIVE BUDGET
Description
N/A

Recommendation

That the 2014-15 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

$50,174,134

$395,408,444

$398,779,126

$46,803,452

Special Revenue

$5,432,755

$44,037,276

$43,582,432

$5,887,599

Debt Service

$10,920,724

$33,813,778

$31,539,588

$13,194,914

Capital Projects

$38,044,212

$89,835,245

$106,471,168

$21,408,289

Trust & Agency

$5,537,466

$12,024,604

$11,993,890

$5,568,180

Internal Services

$13,180,049

$5,658,771

$7,204,218

$11,634,602

TOTALS

$123,289,340

$580,778,118

$599,570,422

$104,497,036

Adjournment

6. Adjournment
Description
N/A

Recommendation
N/A