Fort Walton Beach Council agenda — 08-11-08 special agenda - budget — reading text

trusttrust fundfund ISIS BASEDBASED onon aa specificspecific proportion proportion ofof thethe taxtax incrementincrement value:value: 6a.6a. EnterEnter thethe proportionproportion onon whichwhich thethe paymentpayment isis based.based. 6a) 6b) 6b. Dedicated increment value ( Line 3 multiplied by the percentage on Line 6a) 21 f ? 2 3 ( 6c. Amount of payment to redevelopment trust fund in prior year 6c) 7. If the amount to be paid to the redevelopment trust fund IS NOT BASED on a specific proportion of the tax increment value: 7a. Amount of payment to redevelopment trust fund in prior year 7a) 7b. Prior year operating millage levy ( Form DR -420, Line 11) per $ 1, 000 ( 7b) 7c. Taxes levied on prior year tax increment value 7c) Line 5 multiplied by Line 7b, divided by 1, 000) Prior year payment as proportion of taxes levied on increment value ( Line 7d) 7d. 7a divided by Line 7c) 7e. Dedicated increment value ( Line 7d multiplied by Line 3) 7e) Taxing Authority Certification I certify the calculations, millages, and rates are correct to the best of my knowledge. Signature of Chief Administrative Officer Date w W Title Physical Address i CI-T`( rU a r ak'' S1 rvs s tf 325 8 Mailing Address Name of Contact Person Too a City,City, State,State, ZipZip PhonePhone # # Fax # SEESEE INSTRUCTIONSINSTRUCTIONS ONON REVERSEREVERSE SIDESIDE  r DR- 420MM -P k.., kXIMUM MILLAGE LEVY CALCULATIG.. N. 06/ 08 Rule 12DER08 -18 PRELIMINARY DISCLOSURE Florida Administrative Code DEPARTMENT Effective06 /08 OF REVENUE For municipal governments, counties, and special districts Year County 2008 Principal Authority Taxing Authority L !C I rV - of --- F6 e-7- Gt/, A'zmd-AE W 1- Is your taxing authority a municipality or independent special district that has Yes No LY 1)1) levied ad valorem taxes for less than 5 years? If Yes, STOP HERE. Sign on gage 2 and submit. You are not subject to a millage limit in FY2008 -09. 2. Current year gross taxable value from Form DR -420, Line 4 2) 3. Current year rolled -back rate from Form DR -420, Line 17 0 t per $ 1, 000 3) Does prior year millage exceed majority-vote rate? 4. Is your taxing authority a municipality or independent special district that had Yes No levied ad valorem taxes for less than 5 years in 2007 and was not subject to a 4) millage limit in FY2007 -2008? If yes, go to line 16. If no, c ntinue to line 5. 5. In 2007, was your taxing authority part of a group of a principal authority and its Yes No dependent special districts and MSTUs which levied taxes within the majority vote 5) rate, but had at least one member adopt a higher rate? If yes, go to line 16. If no, continue to line 6. 6. Prior year operating millage levy from Form DR -420, Line 11 Z& per $ 1, 000 6) 7. Prior year rolled -back rate from 2007 Form DR -420, Line 15 per $ 1 000 7) 8. Prior year percentage of rolled -back rate allowed to be levied by a majority vote from 2007 Form DR -420 C, Line 5; Form DR -420 M, Line 6; or Form DR -420 I, 5 % 8) Line 6 Prior year maximum millage with a majority vote ( Line 7 multiplied by the 9. percents a (in Line 8 Example: 5. 3927x95%= 5. 1231) 9 per $ 1, 000 9) IF LINE 9 IS EQUAL TO OR GREATER THAN LINE 6. GO TO LINE 16. IF NOT_ CONTINUF TO I INF in Recalculate rolled -back rate based on prior year majority-vote millage rate 10. Prior year final gross taxable value from Form DR -420, Line 7 10)10) 11. Prior year ad valorem proceeds with majority vote ( multiply Line 9 by Line 10 and 11) divide by 1, 000) 12. Amount, if any, paid or applied in prior year because of an obligation measured by 12) aa dedicateddedicated incrementincrement valuevalue fromfrom FormForm DRDR - - 420,420, LineLine 1313 Adjusted prior year ad valorem proceeds with majority vote ( Line 13)13) 13. 1111 minusminus LineLine 1212 14. AdjustedAdjusted currentcurrent yearyear taxabletaxable valuevalue fromfrom FormForm DRDR - - 420,420, LineLine 1616 14)14) Adjusted current year rolled -back rate ( Line 13 perper