Special Meeting/Workshop

1. Convene: 5:05 p.m.
2. Public Comments: Jan Perez
3. Resolution Certifying Millage To Be Levied
   Minutes: Chapter 200.065(2)(f)3 of the Florida Statutes requires that the school district hold a public hearing to adopt a millage rate within 80 days of certification of value, but not earlier than 65 days after certification.
   
   The total millage rate being levied is 7.8720 which raises $1,205,908,404 in local revenues.
   
   Mike Burke, Budget Director, provided Board Members with an overview of the following areas: Comparison of Taxable Value; Millage Comparison; Assessed Value; Homestead Exemption; Required Local Effort; Discretionary; Capital Projects; Debt Service; Class Size Reduction; FRS Employer Rate Increase; S.T.A.R. Program; Teacher Lead Program; Contingency Reserve; Comparison of All Funds; General Fund Budget Tentative 2006-2007 Revenue; 10 Year History of Florida Education Finance Program Revenue State vs. Local Revenue; General Fund Budget Tentative 2006-2007 Appropriations; Schools by Level; General Fund Budget Fund Balance & Contingency Reserve; Student Enrollment Forecast; Budget Outlook; and FY2008 Budget Process.
   
   
   Motions:
   

   I recommend the School Board adopt the Resolution determining revenues and millages levied for FY2007.	-	PASS
   Minutes: Chapter 200.065(2)(f)3 of the Florida Statutes requires that the school district hold a public hearing to adopt a millage rate within 80 days of certification of value, but not earlier than 65 days after certification. The total millage rate being levied is 7.8720 which raises $1,205,908,404 in local revenues.
   Vote Results:
   Motion: Paulette Burdick
   Second: Bill Graham
   Tom Lynch	-	Aye
   Sandra Richmond	-	Aye
   Paulette Burdick	-	Aye
   Monroe Benaim	-	Aye
   Mark Hansen	-	Aye
   Debra Robinson	-	Not Present
   Bill Graham	-	Aye

   
   
4. Approval of 2006-2007 District Summary Budget
   Motions:
   

   I recommend the School Board adopt the final district summary budget in the amount of $3,429,600,321 for FY 2007.	-	PASS
   Minutes: The recapitulation of this budget is scheduled below. General Fund: $1,445,548,796; Special Revenue – Food Service: 75,801,882; Special Revenue – Other: 134,366,038; Debt Service: 306,322,652; Capital Projects: 1,627,513,133; Internal Services: 29,179,074; Sub-Total: $3,618,731,575; Less Transfers: (189,131,254); and Total Funds: $3,429,600,321.
   Vote Results:
   Motion: Sandra Richmond
   Second: Bill Graham
   Tom Lynch	-	Aye
   Sandra Richmond	-	Aye
   Paulette Burdick	-	Aye
   Monroe Benaim	-	Aye
   Mark Hansen	-	Aye
   Debra Robinson	-	Aye
   Bill Graham	-	Aye

   
   
5. Adjourn: 5:40 p.m.