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Agenda Plus
School Board of Clay County
August 1, 2023 - Special Meeting (Public Hearing on the 2023-2024 Tentative Budget)
Title
Review the 2023-2024 Proposed Millage, Rolled-Back Rate Calculation, and the 2023-2024 Tentative Budget (All Funds)
Description

TRIM requires two public hearings for open discussion of millage rates and budgets of taxing authorities.  The first substantive issue discussed by the governing body of taxing authority is the percentage increase or decrease in millage over the rolled-back rate necessary to fund the budget, if any, and the specific purposes for which ad valorem tax revenues are being increased or decreased.  The general public is allowed to speak and ask questions prior to the adoption of any measures by the governing body.  The millage rate is adopted first, and the budget is adopted second.  The total mill levy for the fiscal year 2023-2024 is 6.404, which is 12.10 percent more than the rolled-back rate.

Gap Analysis

N/A

Previous Outcomes
Expected Outcomes

The 2023-2024 budget and millage rates will be approved and executed in accordance with Florida Statutes.

Strategic Plan Goal

The district ensures fiscal responsibility and equitable distribution of resources.

Recommendation

That the School Board of Clay County conduct a public hearing and adopt the 2023-2024 proposed millage rates and related resolutions 24-01.

           Description

 Tentative Millage Levy

Proposed Amount to be Raised

  Required Local Effort  (RLE)

              3.156

            $60,520,294

  Basic Discretionary

               0.748

            $14,343,847

  Additional Voted Millage                1.000

            $19,176,265

  Capital Outlay

               1.500

            $28,764,398

  TOTAL:

                6.404

            $122,804,804

 

That the School Board of Clay County adopts the 2023-2024 tentative budget and the related resolution 24-02.

  General Fund

        $419,281,591

  Special Revenue

        $ 64,053,342

  Debt Service

        $   7,119,154

  Capital Projects

        $ 99,394,563

  TOTAL BUDGET:

        $589,848,650

 

 

Contact
Dr. Susan Legutko, Assistant Superintendent of Business Affairs
Financial Impact
The District will generate a total of $122,804,804 from all mill levies. The total tentative budget appropriation for 2023-2024 is $589,848,650.
Review Comments
Attachments
2023-2024 Budget Summary Tentative Budget.pdf