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.

July 28, 2008 Special Meeting Agenda Item #5 Item Title Adopt the 2008-09 requried local mill levy Issue/Rationale The district's Required Local Effort (RLE) is subtracted from the gross calculation of Florida Education Program (FEFP) dollars.  Millage rates are also adjusted because required local effort may not exceed 90 percent of a district's total FEFP entitlement.  In order to received state funding, school districts must levy the local property tax millage set by the Legislature. Recommended Action Motion to adopt the 2008-09 required local effort mill levy of 5.161 which exceeds the rolled-back rate by 8.81 percent. Financial Impact Revenue to the District in the amount of $54,207,674 in Fund 100. Submitted By Dr. George F. Copeland, Assistant Superintendent for Business Affairs