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

$ $ 1,1, 000000 15)15) 15. divided by Line 14, multiplied by 1, 000 Calculate maximum millage levy for 2008 16. 16. 1Rolled 1Rolled back rate to be used for maximum millage levy calculation ( Enter LineLine 1515 ifif calculated,calculated, oror LineLine 33 ifif LineLine 1515 isis notnot calculated)calculated) q per 1,1, 000000 16) 17. Adjustment for growth in per capita Florida personal income 17) 1. 0415 18.18. RolledRolled - - backback raterate adjustedadjusted forfor changechange inin perper capitacapita FloridaFlorida personalpersonal incomeincome perper 1,1, 000000 18) Line 16 multiplied by Line 17) 040040 19.19. EstimatedEstimated currentcurrent yearyear grossgross taxabletaxable valuevalue forfor operatingoperating purposespurposes withoutwithout thethe J impact of Amendment 1 from Form DR -420, Line 10 1 9) 77 ll 11 d d 22 00 20.20. CurrentCurrent yearyear adjustmentsadjustments toto taxabletaxable valuevalue fromfrom FormForm DRDR - - 420420 LineLine 5,5, DRDR - - 420420 plus LineLine 15,15, FormForm DRDR - - 420)420) 20) g00 to/ CONTINUED ON PAGE 2  DR-420 MM -P N. 06/ 08 Page 2 Estimated current year adjusted taxable value without Amendment 1 impacts f ' 2 1) 21 Line 19 minus Line 20). t 2 Z ` t( 4 1 I 22. Adjusted current year taxable value from Form DR -420, Line 16 1 OS 3-7 ZQ 22) Percentage adjustment to majority vote rolled -back rate for impact of Amendment 23 23. 1 Line 22 divided by Line 21, multiplied by 100) 616 C) % Majority vote maximum millage rate allowed ( Line 18 multiplied by the percentage on J 24 Line 23. Example: 4. 6718 x 93. 12% = 4. 3504) q1 per $ 1, 000 24) 25. Two -thirds vote maximum millage rate allowed ( multiply Line 18 by 1. 10) 1 Z per $ 1, 000 25) Current year proposed millage rate: must equal rate entered on Form DR -420, 26 per $ 1, 000 26) Line 18 O c0 27. Current year proposed taxes ( multiply Line 26 by Line 2, divided by 1, 000) is U/ 27) Check one ( 28) 28. Minimum vote required to levy proposed millage: a. Majority vote of the governing body: Enter millage rate from Line 24 on Line 29. b. Two -thirds vote of governing body: Enter millage rate from Line 26 on Line 29. c. Unanimous vote of the governing body or 3/4 vote if nine members or more: Enter millage rate from Line 26 on Line 29. d. Referendum: Enter millage rate from Line 26 on Line 29. 29. The selection on Line 28 allows a maximum millage rate of: p er $ 1 000 29 ) Enter rate indicated by choice on Line 28) l 7, 30. Total taxes levied at the maximum millage rate: Line 29 multiplied b Line 2 divided b 1, 000) l r2 1 3 b 30 ) DEPENDENT SPECIAL DISTRICTS AND MSTUs: STOP HERE - SIGN AND SUBMIT Total Current Year Taxes Levied 31. Enter the current year proposed taxes of all dependent special districts & MSTUs levying a millage ( The sum of all Lines 27 from each district's Form DR -420 MM- 31) P) 32. Total current year proposed taxes ( Line 27 plus Line 31) g- qgq 32) Total Maximum Taxes 33. Enter the taxes at the maximum millage of all dependent special districts & 33) MSTUs levying a millage ( The sum of all Lines 30 from each district's Form DR- 420 MM- P) 34. Total taxes at maximum millage ( Line 30 plus line 33) o r 12 3yd 34) Total Maximum Versus Total Taxes Levied 35. Are total current year proposed taxes on Line 32 equal to or less than total taxes Yes No 35) at proposed maximum millage on Line 34? ( Check one) Complete and submit this Form DR- 420MM -P, Maximum Millage Levy Calculation - Preliminary Disclosure, to your countv property appraiser with Form DR -420, Certification of Compliance. Certification certify the millages and rates are correct to the best of my knowledge. The millages comply with the provisions of Section 200. 185 and 200. 071 or 200. 081, F. S. Signature of Chief Administrative Officer Date W W W Title Physical Address Z oJI 041a Ins Y sw W Mailing Address Name of Contact Person TO C =? Y q6LI) ej-lPrf, L,07--re J11WWo,, %` i Phone # Fax # City, State, Zip 80 83 6'94io Charlotte Dunworth From: Charlotte Dunworth Sent: Monday, August 04, 2008 10: 37 AM To: ' Toni Craig' Subject: Tentative Miilage E29- 1 E-J img- 8041027 -0001. pdf (417 KB) Hi Toni, Attached is the staff report and backup for the tentative millage meeting next Monday. There's no resolution or ordinance, so I' m sending more as an FYI than request for legal opinion. On another note, I hope to have a response to your 7117 email about FS 166 today or tomorrow now that the budget is done. Chariotte Original Message---- - From: chcopier@fwb.org [ mailto: chcopier fwb.org] Sent: Monday, August 04, 2008 11: 28 AM To: Charlotte Dunworth Subject: Scan from Xerox 4590  Page 1 of 1 Helen Spencer From: Cam Johnson Sent: Monday, August 11, 2008 5: 49 PM To: Cam Johnson Subject: Tentative Millage Rate Set city of fort walton beach, florida August 11, 2008 NIf ELEASE Council sets Tentative Millage Rate Walton Beach - The Fort Walton Beach City Council set the tentative ad valorem tax rate for FY 3/ 2009 at 4.4190 mills during a special Council Meeting tonight. During the