School District of Clay County Green Cove Springs, Florida

Teacher Inservice Center - Fleming Island High School 2233 Village Square Parkway TIME: 5:15 p.m.

August 3, 2009 Special Meeting - Budget Agenda Item #7 Item Title Adopt the 2009-10 capital improvement fund mill levy Issue/Rationale 1.500 Mill Levy - Section 1011.71(2), F.S., for new construction and remodeling, maintenance, renovations, and repairs of existing school plants or leased facilities; the purchase, lease-purchase of lease of school buses or new replacement equipment; payments for educational facilities. Recommended Action Motion to adopt the capital improvement fund mill levy of 1.500 mills which is 19.50 percent less than the rolled-back rate. Financial Impact This levy will generate $14,991,354 Fund 300. Submitted By Dr. George F. Copeland, Assistant Superintendent for Business Affairs