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Agenda Plus
School Board of Clay County
July 30, 2024 - School Board Special Meeting (Public Hearing on the 2024-2025 Tentative Budget)
Title
Review the 2024-2025 Proposed Millage, Rolled-Back Rate Calculation, and the 2024-2025 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 2024-2025 is 6.234, which is 1.54 percent more than the rolled-back rate.

Gap Analysis

N/A

Previous Outcomes
Expected Outcomes

The 2024-2025 budget and millage rates will be approved and executed in accordance with Florida Statutes.

Strategic Plan Goal

Goal 5: Ensure fiscal responsibility through the effective management of district operations, maximizing available resources necessary to provide an environment that is safe, efficient, and conducive to learning.

Recommendation

That the School Board of Clay County conduct a public hearing and adopt the 2024-2025 proposed millage rates and related resolutions 25-01.

           Description

 Tentative Millage Levy

Proposed Amount to be Raised

  Required Local Effort  (RLE)

              2.986

            $61,171,047

  Basic Discretionary

               0.748

            $15,323,491

  Additional Voted Millage                1.000

            $20,485,950

  Capital Outlay

               1.500

            $30,728,925

  TOTAL:

                6.404

            $122,804,804

 

That the School Board of Clay County adopts the 2024-2025 tentative budget and the related resolution 25-02.

  General Fund

        $452,519,486

  Special Revenue

        $ 52,711,826

  Debt Service

        $   6,996,246

  Capital Projects

        $148,661,165

  TOTAL BUDGET:

        $660,888,723

 

 

Contact
Dr. Susan Legutko, Assistant Superintendent of Business Affairs
Financial Impact
The total mill levies will generate a total of $127,709,413. School Districts are required to budget 96% of the total funds generated ($122,601,037). The total tentative budget appropriation for 2024-2025 is $660,888,723.
Review Comments
Attachments
2024-2025 Budget Summary Ad.pdf