Okaloosa County BOCC — September 3, 2015 — Agenda Packet — reading text

Packet Pg. 10 1-7  COUNTY ANNUAL BUDGET-STATUTORY GUIDANCE 200.065(2)(d) Within 15 days of the meeting adopting the tentative budget, (2)(c), the Board will advertise intent to finally adopt a millage rate and budget (as prescribed by 200.065(3)). 2 days nor more than 5 days after advertisement, the final hearing will be held. During final hearing - (1) Amend adopted tentative budget as deemed appropriate. (2) Adopt a final budget. (3) Publicly announce the rolled-back millage rate, the percentage millage increase, and the milllage rate to be levied prior to adoption of the millage levy resolution or ordinance. (4) Adopt a resolution stating millage rate and percent, if any, by which the millage rate exceeds the rolled-back rate. (5) Numbers (2) and (4) require separate motions The millage rate set by the final hearing shall in no event be higher than that set at the tentative hearing. If the rate set at the tentative hearing is higher that that certified to the Appraiser, (2)(b), first-class mail notices must be sent to each taxpayer. 200.065(2)(c-e) During hearings - (1) Discuss: (a) Percentage increase in millage over rolled-back rate and the specific purposes for which ad valorem tax revenue are being increased. (b) Explain reasons for proposed increase over the rolled-back rate. (2) Millage rates at these hearings will be adopted prior to adopting budgets. (3) Hearings will be held after 5:00 p.m. on weekdays, or on Saturdays. 200.065(4) Board will certify by resolution to the Property Appraiser what actions were taken in the final hearing. 200.065 & BCC will complete and furnish to the Department of Revenue within 30 days of the final hearing a 200.068 completed millage process package. Millage Process package includes: (1) Copy of resolution (2) Copy of certification of value showing rolled-back rate millage and proposed millage rates. (3) Copy of advertisement pursuant to 200.065(3) 194.032(1)(a) The Value Adjustment Board appointed under the provisions of Section 194.015 will convene between 30 and 60 days after mailing of notices of proposed property taxes, to consider petitions for deceased assessments and denied exemptions. Packet Pg. 11 1-8  Millage County-Wide Gross Certified Taxable Value $15,039,829,982 Unincorporated MSTU Gross Certified Taxable Value $7,103,807,518 Current Millage Rate 3.4308 per $1000 Proposed Millage Rate 3.4308 per $1000 Rolled-Back Rate (County-Wide) 3.3239 per $1000 Rolled-Back Rate (Aggregate) 3.4652 per $1000 Prior Year Maximum Millage Limitation (DR420-MMP line 13) 5.4016 per $1000 Adopted Tentative Rate 3.4308 per $1000 Certified to Appraiser for Notices of Proposed Property Taxes 3.4308 per $1000 Approved Millage Rate per $1000 Millage Required to Fund Proposed Budgets County-Wide FUND MILLAGE TAXES @ 96% General 3.3120 per $1000 47,819,742 County Public Health Unit 0.0412 594,661 Emergency Medical Services Enterprise 0.0776 1,120,300 Total County-Wide Millage $3.4308 per $1000 Total County-Wide Taxes $49,534,703 Non County-Wide Unincorporated Municipal Service and Taxing Unit (MSTU) $0.2990 per $1000 $2,039,077 Aggregate Millage Rate $3.5720 per $1000 Total County & Non County-Wide Taxes $51,573,780 Prior Year Millage Rates Fund MILLAGE TAXES @ 96% General 3.2792 per $1000 $45,297,825 County Public Health Unit 0.0430 $594,661 Emergency Medical Services Enterprise 0.1086 $1,500,000 Totals - Prior Year $3.4308 per $1000 $47,392,486 Taxes generated at the rolled-back rate would be the point from which increases are measures. Accordingly, proposed budgets represent an increase of: 4.52% $2,142,217 Packet Pg. 12 1-9  Millage - Last Ten Years FUND FY07 FY08 FY09 FY10 FY11 General 1.6449 1.5868 1.3802 1.3845 1.4546 Fine & Forfeiture 1.5519 1.5829 1.7748 1.7741 1.6724 County Public Health Unit 0.0547 0.0484 0.0520 0.0534 0.0578 Capital Outlay 0.2568 0.0000 0.0000 0.0000 0.0000 Emergency Medical Services Enterprise 0.1417 0.1262 0.0925 0.0779 0.1051 Total County-Wide Levy 3.6500 3.3443 3.2995 3.2899 3.2899 Unincorporated MSTU 0.2085 0.1888 0.1800 0.1800 0.1800 Aggregate Millage Rate 3.7417 3.4281 3.3802 3.3722 3.3735 FUND FY12 FY13 FY14 FY15 FY16 General 1.4546 3.1153 3.3001 3.2792 3.3120 Fine & Forfeiture 1.6724 0.0000 0.0000 0.0000 0.0000 County Public Health Unit 0.0578 0.0602 0.0478 0.0430 0.0412 Capital Outlay 0.0000 0.0000 0.0000 0.0000 0.0000 Emergency Medical Services Enterprise 0.1051 0.1144 0.0829 0.1086 0.0776 Total County-Wide Levy 3.2899 3.2899 3.4308 3.4308 3.4308 Unincorporated MSTU 0.1800 0.1800 0.1800 0.2990 0.2990 Aggregate Millage Rate 3.3744 3.3755 3.5156 3.5729 3.5720 Millage Rate - Last Ten Years 5.0000 4.5000 Rate/$1,000 4.0000 3.6500 3.4308 3.4308 3.4308 3.5000 3.3443 3.2995 3.2899 3.2899 3.2899 3.2899 3.0000 07 08 09 10 11 12 13 14 15 16 Year Packet Pg. 13 1-10  Fiscal Year 2016 Millage Percentage by Fund Emergency Medical Services County Public Enterprise Health Unit 2.3% 1.2% General 96.5% Millage Comparison FY15 vs. FY16 0.0776 Emergency Medical Services Enterprise 0.1086 0.0412 County Public Health Unit 0.0430 3.3120 General 3.2792 0.0000 0.5000 1.0000 1.5000 2.0000 2.5000 3.0000 3.5000 FY16 FY15 Packet Pg. 14 1-11  Property Value - Last Ten Years Year Final Valuation Millage Taxes @ 95% Total Budget 2007 $17,899,368,086 3.6500 $62,066,059 $292,259,226 2008 $18,806,640,352 3.3443 $59,750,295 $313,172,524 2009 $17,410,630,993 3.2995 $54,574,058 $304,080,099 2010 $16,213,042,985 3.2899 $50,672,326 $263,569,236 2011 $14,521,804,221 3.2899 $45,386,520 $280,421,796 2012 $13,802,468,365 3.2899 $43,138,304 $261,624,931 2013 $13,554,486,285 3.2899 $42,363,259 $257,241,963 2014 $13,795,170,133 3.4308 (2) $45,435,331 $279,897,664 2015 $14,375,730,735 3.4308 (2) $47,392,486 $310,010,770 2016 (1) $15,039,829,982 3.4308 (2) $49,534,703 $331,339,247 (1) Certified as of July 1, 2015. (2) Taxes at 96% Packet Pg. 15