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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 31, 2012 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 2012-2013. A public hearing to make a DECISION on the budget and TAXES will be held on July 31, 2012, 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 (5:15 p.m. - Flag Salute)
Statement Regarding the Proposed Millage and Tentative Budget

1. STATEMENT REGARDING THE 2012 PROPOSED MILLAGE AND 2012-2013 TENTATIVE BUDGET
Description
The 2012 proposed Required Local Effort Millage rate represents an 3.00% increase over last year's rolled back millage rate. The total 2012 proposed millage rate represents a 1.27% 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 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 2012 PROPOSED MILLAGE RATES
Description
N/A

Recommendation
That the following millage rates be adopted as presented:

Required Local Effort            4.568 mils

Discretionary Operating      .748 mils

Capital                            1.500 mils

Voted Operating            1.000 mils

Attachment: TRIM agenda attachment Millage Rates 07312012.pdf

Public Hearing Regarding Tentative Budget

4. PUBLIC HEARING REGARDING THE 2012-2013 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 2012-2013 TENTATIVE BUDGET
Description
N/A

Recommendation
That the 2012-2013 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

$63,583,315

$361,077,538

$375,694,133

$48,966,720

Special Revenue

$2,670,303

$46,057,637

$46,008,631

$2,719,309

Debt Service

$6,077,705

$32,518,723

$29,848,402

$8,748,026

Capital Projects

$184,799,140

$75,793,947

$221,579,591

$39,013,496

Trust & Agency

$5,177,504

$12,088,542

$11,893,853

$5,372,193

Internal Services

$13,806,755

$5,641,927

$6,492,216

$12,956,466

TOTALS

$276,114,722

$533,178,314

$691,516,826

$117,776,210

Attachment: Agenda attachment for adoption of Tentative budget.pdf

Adjournment

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

Recommendation
N/A