Okaloosa County BOCC — August 2, 2016 — FY2017 Trim Millage Documents — reading text

0.2990 per $1,000 (10) millage from Form DR-422) 11. Prior year ad valorem proceeds (Line 7 multiplied by Line 10, divided by 1,000) $ 2,122,316 (11) Amount, if any, paid or applied in prior year as a consequence of an obligation measured by a 12. $ 0 (12) dedicated increment value (Sum of either Lines 6c or Line 7a for all DR-420TIF forms) 13. Adjusted prior year ad valorem proceeds (Line 11 minus Line 12) $ 2,122,316 (13) 14. Dedicated increment value, if any (Sum of either Line 6b or Line 7e for all DR-420TIF forms) $ 0 (14) 15. Adjusted current year taxable value (Line 6 minus Line 14) $ 7,301,387,101 (15) 16. Current year rolled-back rate (Line 13 divided by Line 15, multiplied by 1,000) 0.2907 per $1000 (16) 17. Current year proposed operating millage rate 0.2990 per $1000 (17) Total taxes to be levied at proposed millage rate (Line 17 multiplied by Line 4, divided (18) 18. 2,207,591 by 1,000) $ Continued on page 2  DR-420 R. 5/12 Page 2 ✔ County Independent Special District 19. TYPE of principal authority (check one) (19) Municipality Water Management District Applicable taxing authority (check one) Principal Authority Dependent Special District 20. (20) ✔ MSTU Water Management District Basin 21. Is millage levied in more than one county? (check one) Yes ✔ No (21) DEPENDENT SPECIAL DISTRICTS AND MSTUs STOP HERE - SIGN AND SUBMIT 22. Enter the total adjusted prior year ad valorem proceeds of the principal authority, all dependent special districts, and MSTUs levying a millage. (The sum of Line 13 from all DR-420 $ (22) forms) 23. Current year aggregate rolled-back rate (Line 22 divided by Line 15, multiplied by 1,000) per $1,000 (23) 24. Current year aggregate rolled-back taxes (Line 4 multiplied by Line 23, divided by 1,000) $ (24) Enter total of all operating ad valorem taxes proposed to be levied by the principal 25. taxing authority, all dependent districts, and MSTUs, if any. (The sum of Line 18 from all $ (25) DR-420 forms) 26. Current year proposed aggregate millage rate (Line 25 divided by Line 4, multiplied per $1,000 (26) by 1,000) Current year proposed rate as a percent change of rolled-back rate (Line 26 divided by 27. % (27) Line 23, minus 1, multiplied by 100) Date : Time : Place : First public budget hearing I certify the millages and rates are correct to the best of my knowledge. Taxing Authority Certification The millages comply with the provisions of s. 200.065 and the provisions of either s. 200.071 or s. 200.081, F.S. S Signature of Chief Administrative Officer : Date : I G N Title : Contact Name and Contact Title : GARY J STANFORD, FINANCE DIRECTOR JOHN HOFSTAD, COUNTY ADMINISTRATOR H E Mailing Address : Physical Address : 302 N WILSON STREET STE 203 R E City, State, Zip : Phone Number : Fax Number : CRESTVIEW, FL 32536 8506895000 8506895882 Instructions on page 3  Reset Form Print Form DR-420MM-P MAXIMUM MILLAGE LEVY CALCULATION R. 5/12 Rule 12D-16.002 PRELIMINARY DISCLOSURE Florida Administrative Code For municipal governments, counties, and special districts Effective 11/12 Year: 2016 County: OKALOOSA Principal Authority : Taxing Authority: OKALOOSA COUNTY BCC PARKS MSTU Is your taxing authority a municipality or independent special district that has levied 1. ad valorem taxes for less than 5 years? Yes ✔ No (1) IF YES, STOP HERE. SIGN AND SUBMIT. You are not subject to a millage limitation. 2. Current year rolled-back rate from Current Year Form DR-420, Line 16 0.2907 per $1,000 (2) 3. Prior year maximum millage rate with a majority vote from 2015 Form DR-420MM, Line 13 0.2973 per $1,000 (3) 4. Prior year operating millage rate from Current Year Form DR-420, Line 10 0.2990 per $1,000 (4) If Line 4 is equal to or greater than Line 3, skip to Line 11. If less, continue to Line 5. Adjust rolled-back rate based on prior year majority-vote maximum millage rate 5. Prior year final gross taxable value from Current Year Form DR-420, Line 7 $ 0 (5) Prior year maximum ad valorem proceeds with majority vote 6. $ 0 (6) (Line 3 multiplied by Line 5 divided by 1,000) Amount, if any, paid or applied in prior year as a consequence of an obligation 7. $ 0 (7) measured by a dedicated increment value from Current Year Form DR-420 Line 12 8. Adjusted prior year ad valorem proceeds with majority vote (Line 6 minus Line 7) $ 0 (8) 9. Adjusted current year taxable value from Current Year form DR-420 Line 15 $ 0 (9) 10. Adjusted current year rolled-back rate (Line 8 divided by Line 9, multiplied by 1,000) 0.0000 per $1,000 (10) Calculate maximum millage levy Rolled-back rate to be used for maximum millage levy calculation 11. 0.2907 per $1,000 (11) (Enter Line 10 if adjusted or else enter Line 2) 12. Adjustment for change in per capita Florida personal income (See Line 12 Instructions) 1.0375 (12) 13. Majority vote maximum millage rate allowed (Line 11 multiplied by Line 12) 0.3016 per $1,000 (13) 14. Two-thirds vote maximum millage rate allowed (Multiply Line 13 by 1.10) 0.3318 per $1,000 (14) 15. Current year proposed millage rate 0.2990 per $1,000 (15) 16. Minimum vote required to levy proposed millage: (Check one) (16) a. Majority vote of the governing body: Check here if Line 15 is less than or equal to Line 13. The maximum millage rate is equal ✔ to the majority vote maximum rate. Enter Line 13 on Line 17. b. Two-thirds vote of governing body: Check here if Line 15 is less than or equal to Line 14, but greater than Line 13. The maximum millage rate is equal to proposed rate. Enter Line 15 on Line 17. c. Unanimous vote of the governing body, or 3/4 vote if nine members or more: Check here if Line 15 is greater than Line 14. The maximum millage rate is equal to the proposed rate. Enter Line 15 on Line 17. d. Referendum: The maximum millage rate is equal to the proposed rate. Enter Line 15 on Line 17. The selection on Line 16 allows a maximum millage rate of 17. 0.3016 per $1,000 (17) (Enter rate indicated by choice on Line 16) 18. Current year gross taxable value from Current Year Form DR-420, Line 4 $ 7,383,247,855 (18) Continued on page 2  Taxing Authority : DR-420MM-P R. 5/12 PARKS MSTU