Okaloosa County BOCC — July 15, 2013 (meeting #1142) — reading text

County-Wide Gross Certified Taxable Value $13,823,628,804 Unincorporated MSTU Gross Certified Taxable Value $6,579,092,049 Current Millage Rate $3.2899 per $1000 Proposed Millage Rate $3.6249 per $1000 Rolled-Back Rate (County-Wide) $3.2581 per $1000 Rolled-Back Rate (Aggregate) $3.3429 per $1000 Prior Year Maximum Millage Limitation per $1000 Adopted Tentative Rate per $1000 Certified to Appraiser for Notices of Proposed Property Taxes per $1000 Approved Millage Rate per $1000 Millage Required to Fund Proposed Budgets County-Wide FUND MILLAGE TAXES @ 95% General 3.4738 per $1000 45,619,373 County Public Health Unit 0.0483 634,435 Emergency Medical Services Enterprise 0.1028 1,350,000 Total County-Wide Millage $3.6249 per $1000 Total County-Wide Taxes $47,603,808 Non County-Wide Unincorporated Municipal Service and Taxing Unit (MSTU) $0.1800 per $1000 $1,125,025 Aggregate Millage Rate $3.7106 per $1000 Total County & Non County-Wide Taxes $48,728,833 Prior Year Millage Rates Fund MILLAGE TAXES @ 95% General 3.1393 per $1000 $40,457,874 County Public Health Unit 0.0516 $664,997 Emergency Medical Services Enterprise 0.0990 $1,275,867 Totals - Prior Year $3.2899 per $1000 $42,398,738 Taxes generated at the rolled-back rate would be the point from which increases are measured. Accordingly, proposed budgets represent an increase of 12.28% 5,205,070 Packet Pg. 16  Millage - Last Ten Years FUND FY05 FY06 FY07 FY08 FY09 General 1.9806 1.8957 1.6449 1.5868 1.3802 Fine & Forfeiture 1.9211 1.8609 1.5519 1.5829 1.7748 County Public Health Unit 0.0690 0.0646 0.0547 0.0484 0.0520 Capital Outlay 0.0886 0.2386 0.2568 0.0000 0.0000 Emergency Medical Services Enterprise 0.1907 0.1902 0.1417 0.1262 0.0925 Total County-Wide Levy 4.2500 4.2500 3.6500 3.3443 3.2995 Unincorporated MSTU 0.2654 0.2085 0.2085 0.1888 0.1800 Aggregate Millage Rate 4.3715 4.3669 3.7417 3.4281 3.3802 FUND FY10 FY11 FY12 FY13 FY14 General 1.3845 1.4546 3.1153 3.1393 3.4738 Fine & Forfeiture 1.7741 1.6724 0.0000 0.0000 0.0000 County Public Health Unit 0.0534 0.0578 0.0602 0.0516 0.0483 Capital Outlay 0.0000 0.0000 0.0000 0.0000 0.0000 Emergency Medical Services Enterprise 0.0779 0.1051 0.1144 0.0990 0.1028 Total County-Wide Levy 3.2899 3.2899 3.2899 3.2899 3.6249 Unincorporated MSTU 0.1800 0.1800 0.1800 0.1800 0.1800 Aggregate Millage Rate 3.3722 3.3735 3.3744 3.3755 3.7106 Millage Rate - Last Ten Years 5.0000 4.5000 4.2500 4.2500 Rate/$1,000 4.0000 3.6500 3.6249 3.5000 3.3443 3.2995 3.2899 3.2899 3.2899 3.2899 3.0000 05 06 07 08 09 10 11 12 13 14 Year Packet Pg. 17  Fiscal Year 2014 Millage Percentage by Fund Emergency Medical Services County Public Enterprise Health Unit 2.8% 1.3% General 95.8% Millage Comparison FY13 vs. FY14 0.1028 Emergency Medical Services Enterprise 0.0990 0.0483 County Public Health Unit 0.0516 3.4738 General 3.1393 0.0000 0.5000 1.0000 1.5000 2.0000 2.5000 3.0000 3.5000 4.0000 FY14 FY13 Packet Pg. 18  Property Value - Last Ten Years Year Final Valuation Millage Taxes @ 95% Total Budget 2005 $10,767,916,378 4.2500 $43,475,462 $213,637,230 2006 $13,576,903,661 4.2500 $54,816,749 $238,388,812 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 (1) $13,823,628,804 3.6249 $47,603,808 $278,988,961 (1) Certified as of July 1, 2013. Packet Pg. 19  Trend Comparison Value vs. Millage 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 Year Value Millage Trend Comparison Value vs. Budget 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 Year Value Budget Packet Pg. 20  Property Valuation Last Ten Years $20 18.8 17.9 17.4 16.2 14.5 $15 13.6 13.8 13.6 13.8 10.8 Billions $10 $5 $0 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 Year Millage Rate Last Ten Years $5 4.2500 4.2500 $4 3.6500 3.6249 3.3443 3.2995 3.2899 3.2899 3.2899 3.2899 $3 Dollars $2 $1 $0 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 Year Packet Pg. 21  Property Taxes Last Ten Years $80 62.1 59.8 $60 54.8 54.6 50.7 45.4 47.6 43.5 43.1 42.4 Millions $40 $20 $0 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 Year Total Budget Last Ten Years $400 $350 313.2 304.1 292.3 280.4 $300