School District of Clay County Green Cove Springs, Florida

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

July 30, 2007 Special Meeting Agenda Item #5 Item Title Adopt the 2007-08 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 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 4.731 which exceeds the rolled-back rate by 2.76 percent. Financial Impact Revenue to the District in the amount of $47,926,211 in Fund 100. Submitted By Dr. George F. Copeland, Assistant Superintendent for Business Affairs