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Agenda Plus
School Board of Clay County
July 23, 2019 - School Board Special Meeting (Budget)
Title
Advertisement for the 2019-2020 Tentative Budget and Millages
Description

Following the review of the Tentative Budget and Millages, the School Board will be asked to approve the Advertisement for Notice of Tax for School Capital Outlay which will also include a Notice of Budget Hearing.

Gap Analysis

N/A

Previous Outcomes

Prior Advertisements, Tentative Budget and proposed levies have been approved and executed in accordance with Florida Statutes.

Expected Outcomes

The advertisement will be published as required by Florida Statute.

Strategic Plan Goal

The District ensures fiscal responsibility and equitable distribution of resources.

Recommendation

A.  That the Clay County School Board accept the advertisement for the proposed 2019-2020 tentative budget and proposed levies as follows: 

   Tentative   Millage Levy  Proposed Amount     to be Raised
 Required Local Effort including Prior   Period Funding Adjustment  3.799  $48,280,899

 Discretionary Operating

 0.7480  $ 9,506,215
Additional Voted Millage  1.0000  $12,708,845
 Capital Outlay  1.5000  $19,063,266
 Totals Proposed  7.047  $89,559,225

B.  That the Clay County School Board authorize publication of legal notices and advertisement of a public hearing to be held on July 30, 2019, at 5:01 p.m. on the proposed millage rates and the tentative budget in accordance with Sections 200.065 (2),(3),(10), 1011.71, 1011.03 Florida Statutes.  The notices and advertisements will appear in The Clay Today on Thursday, July 25, 2019.

 

Contact
Dr. Susan Legutko, Assistant Superintendent for Business Affairs; susan.legutko@myoneclay.net; 904-336-6721
Financial Impact
The proposed levies will generate approximately $89,559,225. School Districts are required to budget no more than 96% of the proposed revenue generated which equates to $85,976,856.
Review Comments
Attachments
2019-20 Budget Summary-AD.pdf
NOTICE OF TAX FOR SCHOOL CAPITAL OUTLAY 2019.pdf
2019 Jul 23 Budget - AMENDED NOTICE OF TAX FOR SCHOOL CAPITAL OUTLAY from 18-19 to 19-20.pdf
2019 Jul 23 Budget - NOTICE OF PROPOSED TAX INCREASE2019.pdf