Sarasota County Schools
Landings Administrative Complex
1980 Landings Blvd.
5:15 p.m.
LEGAL REQUIREMENT: Florida Statute 200.065(2)(e), states that: "The School Board of Sarasota County, Florida will soon consider a budget for 2016-2017. A public hearing to make a decision on the budget and taxes will be held on July 26, 2016 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.)
Statement Regarding the Proposed Millage and Tentative Budget
1. STATEMENT REGARDING THE 2016 PROPOSED MILLAGE AND 2016-2017 TENTATIVE BUDGETDescriptionThe 2016 proposed Required Local Effort Millage rate represents a .42% increase over last year's rolled back millage rate. The total 2016 proposed millage rate represents a 2.87% 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, the cost of fuel, electricity, and other goods and services.
Recommendation
N/A
Public Hearing Regarding Proposed Millage Rate
2. PUBLIC HEARING REGARDING PROPOSED 2016 MILLAGE RATEDescriptionOpen 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 2016 PROPOSED MILLAGE RATESDescriptionN/A
RecommendationThat the following millage rates be adopted as presented:
Required Local Effort 4.185 mils
Discretionary Operating .748 mils
Capital 1.500 mils
Voted Operating 1.000 mils
Public Hearing Regarding Tentative Budget
4. PUBLIC HEARING REGARDING THE 2016-2017 TENTATIVE BUDGETDescriptionOpen the Public meeting for the Board to hear public comments regarding the tentative budget and answer questions related thereto.
RecommendationN/A
Adoption of Tentative Budget
5. ADOPTION OF THE 2016-2017 TENTATIVE BUDGETDescription
N/A
RecommendationThat the 2016-2017 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
$49,291,332
$423,800,928
$423,451,203
$49,641,057
Special Revenue
$4,769,008
$41,971,021
$42,700,336
$4,039,693
Debt Service
$15,225,575
$30,875,145
$28,751,250
$17,349,470
Capital Projects
$8,186,325
$102,409,610
$101,983,800
$8,612,135
Trust & Agency
$5,808,210
$12,599,633
$12,326,181
$6,081,662
Internal Services
$27587,577
$56,001,089
$53,197,866
$30,390,800
TOTALS
$110,868,027
$667,657,426
$662,410,636
$116,114,817
Adjournment
6. AdjournmentDescription
N/A
RecommendationN/A