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Agenda Plus
School Board of Clay County
July 28, 2020 - School Board Special Meeting (Budget)
Title
Review the 2020-2021 Proposed Millage, Rolled-Back Rate Calculation, and the 2020-2021 Tentative Budget (All Funds)
Description

TRIM requires two public hearings from 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 2020-2021 is 6.889 which is 2.44 percent more than the rolled-back rate.

Gap Analysis

N/A

Previous Outcomes
Expected Outcomes

2020-2021 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 2020-2021 proposed millage rates and related resolutions 21-01.

           Description

 Tentative Millage Levy

Proposed Amount to be Raised

  Required Local Effort  (RLE)

               3.641

            $49,310,556

  Basic Discretionary

               0.748

            $10,130,265

  Additional Voted Millage                1.000

            $13,543,135

  Capital Outlay

               1.500

            $20,314,703

  TOTAL:

                6.889

            $93,298,660

 

That the School Board of Clay County adopt the 2020-2021 tentative budget and the related resolution 21-02.

  General Fund

        $357,172,959

  Special Revenue

        $ 41,826,532

  Debt Service

        $   7,545,198

  Capital Projects

        $ 59,097,007

  TOTAL BUDGET:

        $465,641,696

 

 

Contact
Dr. Susan Legutko, Assistant Superintendent of Business Affairs
Financial Impact
The District will generate a total of $93,298,660 from all mill levies. The total tentative budget appropriation for 2020-2021 is $465,641,696.
Review Comments
Attachments
2020-21 BUDGET SUMMARY-AD (1).pdf
Tentative Budget Presentation 7.28.pdf