July 22, 2014
Status:
1. Approved the advertisement of the Tentative District Budget and Millage Levy for Fiscal Year 2014-2015.
2. Pursuant to Chapter 200.065 of the Florida Statutes, the School District is required to advertise its intent to adopt a tentative District budget and millage levy in a newspaper within 29 days of the July 1, 2014 certification of the tax roll.
The Legislature has decreased the RLE millage for fiscal year 2014-15. In order to participate in the Florida Education Finance Program (FEFP), the School District is required to levy the Required Local Effort provided by the State.
This Board agenda item authorizes only the advertising of the 2014-15 tentative District budget and millage levy in the newspaper for the purpose of informing the public of the hearing scheduled for 5:30pm on July 29, 2014 at the Kathleen C. Wright Administration Building. The adoption of the tentative 2014-15 District budget and the millage rate will not be approved until the public hearing.
Attached is the Executive Summary for more in-depth information.
3. The major components of the District budget are the $2.2 billion general fund and the $0.5 billion capital budget.
Requested Action
Approve the advertisement of the Tentative District Budget and Millage Levy for Fiscal Year 2014-2015.
Summary
Pursuant to Chapter 200.065 of the Florida Statutes, the School District is required to advertise its intent to adopt a tentative District budget and millage levy in a newspaper within 29 days of the July 1, 2014 certification of the tax roll.
The Legislature has decreased the RLE millage for fiscal year 2014-15. In order to participate in the Florida Education Finance Program (FEFP), the School District is required to levy the Required Local Effort provided by the State.
This Board agenda item authorizes only the advertising of the 2014-15 tentative District budget and millage levy in the newspaper for the purpose of informing the public of the hearing scheduled for 5:30pm on July 29, 2014 at the Kathleen C. Wright Administration Building. The adoption of the tentative 2014-15 District budget and the millage rate will not be approved until the public hearing.
Attached is the Executive Summary for more in-depth information.
School Board Goals
| Goal 3: Effective Communication |
Financial Impact
The major components of the District budget are the $2.2 billion general fund and the $0.5 billion capital budget.
Source of Additional Information
Oleg Gorokhovsky 754 321-2390
Associated File Attachments
