05-25-2010 Special School Board Meeting
Agenda Item #48


Title
Continue to Levy an Additional 0.25 Mills for the Operating Fund

Discussion

During last years legislative session, Florida Statute 1011.71(3)(b) was amended to allow school districts to levy an additional 0.25 mill for critical needs in either the Operating or Capital Budgets.  School Board approval must be by super majority vote in order for the levy to occur.  The attached listing (the same as presented at the April 13 Workshop) indicates areas within the operating budget that the 0.25 mill would be earmarked to cover.  Please note, however, that this listing is subject to change as the final recommendations on the budget cuts to the operating budget for 2010-11 are completed.

Also note that based on final legislative action the value (as calculated at 96%) has changed as delineated below:                               

0.25 mill $8,004,942
Compression $1,568,936
Total $9,573,878

Final recommendation of the Superintendent will be provided to the Board prior to or at the Board meeting.           

 



Recommendation

Continue to levy an additional 0.25 mills to meet critical needs within the Operating Fund.

In addition, authorize the Superintendent to continue to transfer another 0.25 mills, as authorized and appropriated by the Legislature, from the Capital Projects Fund to the Operating Fund.



Meeting Date(s)
Information - 5/11/2010
Consent after Information5/25/2010

Authority for Action
Florida Statute 1011.71 (3)(b)

Involves Expenditure of Funds Directly in the Classroom
No

Source of Funding
Agenda Item will not Require the Expenditure of Funds

FY
Amount
Budgeted
Fund
Cost Center
Project
Function
Object
Program

Contact
Judy R. Preston, Associate Superintendent for Financial Services, ext 600


Attachment:  Items Continued Utilizing the Critical Needs 0.25 Mills.pdf