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 29, 2014 Special Meeting-Public Hearing Agenda Item #4 Item Title Adopt the 2014-15 Required Local Effort Mill Levy Issue/Rationale The District's Required Local Effort (RLE) is based on 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 receive state funding, school districts must levy the local property tax millage set by the Legislature. Recommended Action Motion to adopt the required local effort mill levy of 4.9740 mills which is (0.12) percent more than the rolled-back rate. Financial Impact Revenue to the District from the required local effort mill levy is in the amount of $45,660,026 in Fund 100. Submitted By Dr. George F. Copeland, Assistant Superintendent for Business Affairs