Fort Walton Beach Council agenda — 09-07-05 — reading text

PROPOSED MILLAGE Script for Public Hearing on Proposed Millage Mayor: state the following: The Proposed Millage Rate for FY 2005- 2006 is 4. 9700 mills, which is 18. 71 % above the rollback rate of 4. 1868 mills. The rollback rate is the millage rate that will provide the same Ad Valorem tax revenue as was levied during the prior year. The 18. 71 % percentage increase is the percentage increase in property taxes. The reason for setting the millage rate at 4. 9700 mills is to provide sufficient revenues to balance the proposed General Fund Budget. Mayor: Pen the Public Hearing and ask for comments from those present on the proposed millage rate. Mayor: Close the Public Hearing Mayor: Ask for a motion to set the proposed millage rate for the City of Fort Walton Beach at 4. 9700 mills for fiscal year beginning October 1, 2005 and ending September 30, 2006. Use specific language above for motion) Mayor: Ask Council Discussion Mayor: Ask Council to Vote Mayor: Upon passage of the motion, the Mayor shall state the following: The Proposed Millage rate for the City of Fort Walton Beach is 4. 9700 mills for fiscal year beginning October 1, 2005 and ending September 0 above the rollback rate of 4. 1868 mills. The 30, 2006 and is 18. 710/ 18. 71 % percentage increase is the percentage increase in property taxes. The Proposed Millage is subject to a second and final public hearing that will be held here at the City of Fort Walton Beach Council Chambers on Wednesday, September 21, 2005 at 5: 30 PM. U:\Finance\ Budget 05- 06\Budget Hearings\Mil age Res (1st) Script 9 07 05. doc  DR- 420 Certification of Taxable Value R. 01/ 95 SECTION I 2005 Fort Walton Beach Year To Name of Taxing Authority) Okaloosa County 975, 073, 770 1) Current Year Taxable Value of Real Property for Operating Purposes 127, 267, 453 2) Current Year Taxable Value of Personal Property for Operating Purposes 0- 3) Current Year Taxable Value of Centrally Assessed Property for Operating Purposes 1, 102, 341, 223 4) Current Year Gross Taxable Value for Operating Purposes ( 1) + ( 2) + ( 3) 5) Current Year Net New Taxable Value ( New Construction + Additions + Rehabilitative 12, 652, 142 Improvements Increasing Assessed Value By At Least 100% + Annexations - Deletions) 1, 089, 689, 081 6) Current Year Adjusted Taxable Value ( 4) - ( 5) 917, 979, 449 7) Prior Year Final Gross Taxable Value From Prior Year Applicable Form DR- 403 Series) I do hereby certify the values show herein to be correct to the best of my knowledge and belief. Witness my hand and official signature Ft. Walton Beach , Rorida. thisthe 2~ June . at i'~~ . 8"""'~" N',%'"''''.'',''' 0,""""''',.'' M..,,,,,,.,,~,,,,,,,,,,' q,,,,,.,,~~~~":'~-,,,,,,~,",,'" n''''""" and TAXING AUTHORITY: If this portion of the form is not completed in FULL your Authority will be denied TRIM certification lose its millage levy privilege for the tax year. If any line is inapplicable, enter N/ A or -0-. possibly SECTION II 8) Prior Year Operating Millage Levy 4. 9700 per $ 1 , 000 9) Prior Year Ad Valorem Proceeds ( 7) x ( 8) 4. 562. 358 10) Current Year Rolled- Back Rate ( 9) divided by ( 6) 4. 1868 per $ 1 , 000 11) Current Year Proposed Operating Millage Rate 4. 9700 per $ 1, 000 12) Check TYPE of Taxing Authority: J County c= c= J Dependent District c= J Municipal Service Taxing Unit District LX-J Municipality c= J Independ~ nt. Special Dlstnct c= J Multi- County J Water Management c= 13) IF DEPENDENT SPECIAL DISTRICT OR MSTU IS MARKED, PLEASE SEE REVERSE SIDE. 14) Current Year Millage Levy for VOTED DEBT SERVICE $ Nl A 15) Current Year Millage Levy for OTHER VOTED MILLAGE $ N /A J)~ P~ f:4;[)~~!;. 16) Enter Total Prior Year Ad Valorem Proceeds of ALL DEPENDENT Special Districts. . N/ A and MSTU' s levying a millage. ( The sum of Line ( 9) from each District' s Form DR- 420) 4, 562, 358 17) Total Prior Year Proceeds: ( 9) + ( 16) 4. 1868 per $ 1, 000 18) The Current Year Aggregate Rolled- back Rate: ( 17) divided by ( 6) 4. 615. 282 19) Current Year Aggregate Rolled- back Taxes: ( 4) x ( 18) 20) Enter Total of all non- voted Ad Valorem Taxes proposed to be levied by the Principal 5, 478, 636 all Taxing Authority, Districts, and MSTU' s if any. Line ( 11) x Line ( 4) Dependent 21) Current Year Proposed Aggregate Millage Rate: ( 20) divided by ( 4) 4. 9700 per $ 1 , 000 22) Current Year Proposed Rate as a PERCENT CHANGE of Rolled- back Rate: 18. 71 Line 21 divided by Line 18) - 1. 00] x 100 n~ y) 8P.ptAmhAr 7, WAnnA!=: 2005 ~:t 5: 30 p. m. Date, Time and Place of the first Public Budget Hearing: FL 32548 rmn~ il 1, ( flmhP.T'R, 107 Miracle Strip Parkway ( City Hall) Fort Walton Beach. I certify that I do hereby certify the millages and rates shown herein to be correct to the best of my knowledge and belief. FURTHER, all millages complywith the provisions of Section 200. 071 or 200. 081, F.S. WITNESS my hand and official signature at Fort Walton Beach , Florida, this the 1st day of July 2dJ~ er 107 Miracle Strip Parkway. Fort Walton Beach Address of Physical Location P. O. Box 4009 Deborah Turner