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Home My WebLink About1996 07 22 Regular Item C l 'i~ COMMISSION AGENDA ITEM C REGULAR X CONSENT INFORMATIONAL July 22. 1996 Meeting MGR/(J./P! IDEPT Authorization REQUEST: The City Manager requests the City Commission set the Proposed Millage Rate, announce the Rolled Back Rate and set the Date, Time and Place of the Public Hearing for the Tentative Budget. (September 9th, 1996 at 7:30PM at City Hall) PURPOSE: The purpose of this Board item is to set the Proposed Millage Rate and announce the Rolled Back Rate and set the Date, Time and Place of the Public Hearing of the Tentative Budget. CONSIDERATIONS: A. This action is required to be in compliance with the TRIM (Truth in Millage) Regulations pursuant to Section 200.065(1), Florida Statutes. B. The roll back rate in the previous budget was estimated to be 3.6853 mills. This would have generated $2,936,669 in property taxes allowing an estimated operating surplus to be appropriated to find balance of $116,721. C. Final tax roll values received from the tax assessor are slightly below previous estimates. The revised roll back rate is 3.6087 mills. This will generate $2,879,267 in property taxes allowing an estimated operating surplus of $80,077 to be appropriated to find balance. Page 1 ~ -' RECOMMENDA TION: 1. That the Commission adopt a tentative millage rate of3.6087 mills for the FY 97 Budget. 2. That the Commission set the roll back rate at 3.6087 mills for the FY 97 Budget. 3. That the Commission set the public hearing to adopt the tentative budget and tentative millage rate as established above for September 9, 1996 at 7:30 PM at City Hall, IMPLEMENTA TION SCHEDULE: ATTACHMENTS: COMMISSION ACTION: Page 2 , ..>> t^ J .. CITY OF WINTER SPRINGS, FLORIDA wrJECClE1rWJEJD) JUL 0 1 1996 1126 EAST STATE ROAD 434 WINTER SPRINGS. FLORIDA 32708-2799 Telephone (407) 327-1800 MEMORANDUM CITY <,'~ : ': -\TER Sf~K ;l'~;:'~ l-i\y i'...lanager To: Ronald McLemore, City Manager From: Harry Martin, Finance Directo~ Date: July 1, 1996 Re: Millage Rate - FY 97 per DR420 On Friday, June 28th I received a copy of the Certification of Taxable Value from the Seminole County Property Appraiser's office. Upon completing the fonn in draft it appears the Rolled-Back Rate would actually be 3.6017 mills. The Proposed Budget is based upon 3.6853 mills, which would represent a 2.3% increase over the Rolled-Back Rate. Copy of the draft DR420 is attached. ,___-....J .0; ----------- 1 SECTION I CERTIFICATION OF TAXABLE VALUE ~20 R.Ol!;6 C;;eminnlp 1 q q n Year County To City of Winter Springs (Name of Taxing Aulho,lly) (1) Current Year Taxable Value of Real Property for Operating Purposes (2) (3) Current Year Taxable Value of Personal Property for Operating Purposes Current Year Taxable Value of Centrally Assessed Property for Operating Purposes (4) Current Year Gross Taxable Value for Operating Purposes (1) +. (2) +. (3) (5) Current Year Net New Taxable Value (New Construction +. Additions +. Rehabilitative Improvements Increasing Assessed Value By At Least 1000ltl +. Annexations - Deletions) (6) Current Year Adjusted Taxable Value (4) - (5) $ $ $ 775.408.446 22.436.177 23,542 797,868,165 28,861,392 $ $ $ 76g,006,773 748.116.581 (7) Prior Year Final Gross Taxable Value (From Prior Year Applicable Form DR-403 Series) I do hereby certify the values shown herein to be correct to the best of my knowledge and belief. Witness my hand and official signature at S ii n f 0 ~ d , Florida, this the day of J 1I no, 19-9-6... $ .... .....h ... . d.. .... ...... .... .....'. .. ... . .. .... :;.;.:-:.>>_ .:....;:::..... TAXING AUTHORITY: If this portion of the form is not completed in FULL your Authority will be denied TRIM certification and possibly lose its millage levy privilege for the tax year. If any line is inapplicable, enter N/A or -0-. SECTION II (8) Prior Year Operating Millage Levy (~) ~rior Year Ad Valorem Proceeds (7) x (8) (10) Current Year Rolled-Back Rate (9) + (6) (11) Current Year Proposed Operating Millage Rate (12) Check one (1) TYPE ofTaxing Authority: DCounty ~Municipality Dlndependent c=JDependent DMunicipal Service I Special Dis1ric1 Special District Taxing Uni1 (13) IF DEPENDENT SPECIAL DISTRICT OR MSTU IS MARKED, PLEASE SEE REVERSE SIDE. (14) Current Year Millage Levy for VOTED DEBT SERVICE $ (15) Current Year OTHER VOTED MILLAGE $ DEPENDENT SPECIAL DISTRICTS SKIP lines (16) through (22) I (16) Enter Total Prior Year Ad Valorem Proceeds of ALL DEPENDENT Special Districts & MSTU's levying a millage. (The sum of Line (9) from each District's Form DR-420) (17) Total Prior Year Proceeds: (9) +. (16) (18) The Current Year Aggregate Rolled-back Rate: (17) + (6) (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 Taxing Authority, all Dependent Districts, & MSTU's if any. Line (11) x Line (4) (21) Current Year Proposed Aggregate Millage Rate: (20) + .<4) (22) Current Year Proposed Rate as a PERCENT CHANGE of Rolled-back Rate: [(Line 21 + Line 18) - 1.00} x 100 Date, Time and Place of the first Public Budget Hearing: $ 3.l0 23 per $1,000 . $ 2:;7 CoCf ,l 5 2._ ~.G:,o Il '3 .108.S~ $ per $1,000 $ per $1,000 I Mulli-County per $1,000 per $1,000 $ 21~9 /52- I ) $ '2- lCo1' 152... I 1 $ 3.lool( per $1,000 $ 2<2.13(082.# ) :J $ L,ci 40 1> ~ 2:, . $ 3,b1S5~ per $1,000 '2.3 % I do hereby certify the millages and rates shown herein to be correct to the best of my knowledge and belief, FURTHER, I certify that all millages comply with the provisions of Section 200.071 or 200.081, F.S. WITNESS my hand and official signature at , Florida, this the day of ,19_. Signature and Tit" of Chi,1 Administrative Officer Add,... 01 P~y.icaJ Location Mailing Add",. NMnI 01 Con lact Per. on ~ "<\ SECTION I CERTIFICATION OF TAXABLE VALUE 1 q 16.._ Year County COR.RECTED To City of winter Springs (NUI'WI 01 Taxing Autho'I!)') Seminole (1) Currant Year Tax. ~Ie Value of Real Property for Operating Purposes (2) Current Year Tax, ble Value of Personal Property lor Operating Purposes (3) Current Year Taxi ble Value 01 Centrally Assasseo Property for Operating Purposes I DfI-4~ FtOI/Q6 $ $ $ 775,408,446 22,43,6,177, 23,542 (4) Cuttent Year GrOI s Taxable Value for Operating Purposas (1) +. (2) +. (3) $ 797 , 868 , 165 (5) Current Year Net ,;~ew Taxable Value (New Construction +. AddItions + Rahabilitativa $ 30 , 359 , 5 2 ~ Improvements In([easing Assessed Value By At Least 100Q~ +. Annexations - DGlellons) (6) Current Year AdjL ~tad Taxable Value (4) - (5) $ 767 I 508 , 637. (7) Prior Yllar Final G ~oss TaxaCle Value $ 74 A , 116 , c:; A 1 . (From Prior Year t,ppllCilble Form OA-403 Saries) I do hereby carWy the f~JUa.s shown herein to be correct to the best of my knowledge and belief. Witness my hand and olflclal slgnalureat ~'anforCl ,Florida, this the 25th day 01 June 119~. I3lgn~tu'. 01 Proptr1y App,..iu, '~~.~~.:r;r.;1!.7IT::':'::':;-;-"~1 r.!. .. ,II '\1' ..1.1,', I, \,",1,' ~1,"."t,~J.I:.I.~I,.':jo~~ ' " .., . . :::::;.....,.,...,:..~:.~..:..~.:...I:I:..,:I../II:I:I;~.::1l.~)....I:.I.lJ.lhlr;,~,~..luf"fll..Il.l.lI,"lt':'...lrJ'11'..' TAXING A~ORrTY: 'jfihls portion 01 the form Is not completed inFULL your Authority will be denied "mIM certification and pOSSibly lose Its m)lagEllevy privilege for the tax year. If any IIno Is Inapplicable, enter N/A 0( ~O-. SECTION 1\ (8) Prior Year Operal fl'J Millage levy (10) Curraot Year Roll,x1-Back Rate (9) + (6) (11) Current Year Pro(iOSed Operating Millage Rate (12) Chack one (1) TY,:~E of Taxlog AuthorlL DCounty C:JMl.ln1clpallty Ulndopondont CJDtlPOndllnt o Munloipal Sorvlce I :' Sptlclllf Dill1/ict Spoci~1 DiG1rict T lixing Unit (13) IF DEPENDENT ;!PEC1AL DISTRICT OR MSTU IS MARKED, PLEASE SEE REVERSE SIDE. (14) Current Year MUiJge Levy for VOTED DEBT SERVICE $ , - (15) Current Yaar a:,fHER VOTED MILLAGE $ ~---_._.-=,,;;;::.:=.__:.._---=----- '--_.~ I DEPENDENT $PE(}IAL DISTRICTS SKIP lines (16) through (22) I (16) Enter Total Prlor)ear A,d Valorem Proceeds 01 ALL DEPENDENT Special Districts It. MSTU's levylnj::ra millage. (Tile sum of Lina (9) from each DiStrict's Form DR-420) (17) Total Prior Year (!oceeds; (9).. (16) (9) Prior Year Ad Val)rem Proceeds (7) x (8) The Current Yeal,;Aggregate Rollad-back Rate: (17) + (6) " . Current Year Ag(ragatEl Rolled-back Taxes: (4) x (18) (18) (19) (20) Enter Total 01 all, )on-votoo Ad Valorem Taxes proposed to be levied by the Principal Taxing AUlhorlty;)11 Dependent Districts, & MSTU's 11 any. Line (11) x Line (4) (21) Currenl Year Prq ?OSOO A~gregate Mlllago Rate: (20) T (4) (22) Current Year Prq,)oSad Rate as a PERCENT CHANGE of Rolled-back Rate: ((Line ~1 -+- line :8) - 1.00J x 100 Dale. Time and Place If the first Public Budget Hearing: $ :3. to Z3 per $1,000. $ '2. I l Coer I "1 L.. 3 3. ('aoel 3 ,C:. 553 $ per $1,000 $ par $1,000 ,MuIU-County -GL per $1,000 per $1 ,000 ........-er- -e- $ 'Z, '"1 &''11 ., 5 2.. 3~ fao 8, per $1,000 2,<glQ, 2~-' 2, '140, 3~::, 3,b<653 2_1 $ $ $ $ $ per $1,000 % I do ~erebY certily Ihe)nillages and rates shown herein 10 be Correct to the bast of my knowledge and bellei, FURTHER, I certify thai all millagE') comply with the provisions 01 Section 200.071 or 200.081, F.S. WITNESS my hand and official signaturo at . Florida, this the day of ,19_. Slgnllurt &lid )'111. 01 C~I.' "df:'llnlllr.Uvo Ollleol Add.... 01 Phv,lc.oJ L<>OAII~n M.mn~ Add".. N..m, 01 Conlt.C1 P.,.Otl CItY 91~\. lip Pnono Numo., SEe INSTRUCTIONS ON REVERSE SIDE FAA Numb.r