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Home My WebLink About2002 07 22 Regular H.2 Resolution 2002-23 Computing the Proposed Millage Cap for FY 2002-2003 "i;.. - ,. COMMISSION AGENDA ITEM H ICONSENT INFORMATIONAL PUBLIC HEARING REGULAR X Tllly ??, ?OO? Meeting MGR~T..~ Anth01izMion' ~QU.EST:' The ~'mance Department IS requestmg the City CommissIOn approve Resolution No. 2002-23, computing the Proposed Millage Cap for Fiscal Year 2002-2003, establishing the rolled-back rate and setting the date, time and place of a public hearing to consider the tentative millage rate and tentative budget for Fiscal Year 2002-2003. PURPOSE: To gain Commission agreement regarding the information to be relayed to the Property Appraiser on the Form DR-420 which sets the proposed millage rate cap, establishes the rolled-back rate and sets the date, time and place for the public hearing to consider the tentative millage rate and tentative budget. CONSIDERATIONS: Resolution No. 2002-23: . Sets the Proposed Millage Rate Cap. The current Millage for FY 2001-2002 is 3.7708. The Millage used to fund the FY 2002- 2003 preliminary budget as recommended by the Manager is at 3.7708. · Note that the 3.7708 millage rate used does not entirely cover all the potential budget changes the City Coinmission is considering. · The Finance Department is seeking agreement for the Proposed Millage Rate Cap to go on the DR-420 which is the Form the Property Appraiser uses to notice residents regarding their proposed property taxes. The DR-420 must be to the Property Appraiser . nd by Friday, August 2 . · Thefinal millage rate adopted can be lowenidfrom the millage rate placed on the DR-420 and noticed to the residents, ifnecessary; however, int is raised, the residents must be re-noticed at the City's expense. · The Commission Alternatives Worksheet for FY 02-03 lists po.tential budget add-on's of approximately $674,000 above and beyond what the Manager's Recommended budget ~,,~ includes at the mill rate of3.7708, In addition, the Commission may want to factor in other budget items not currently inCluded on the list to encompass all considerations under the CAP. · The following represents a few ofthe potential millage choices for the DR-420: Millage Actual Tax Additional Revenue Rate Increase Rate Increase as a % Generated Current 3.7708 4.62% N/A Tenth of a mill 3.8708 7.39% $ 121,600 Quarter of a mill 4.0208 11.56% $ 304,000 Half of a mill 4.2708 18.49% $ 608,000 Three quarters of a mill 4.5208 25.43% $ 911,900 One mill 4.7708 32.36% $1,215,900 . The Resolution establishes the Rolled-Back rate at 3.6043 as calculated on the attached DR- 420's. The Resolution sets the date, time and place of the public hearing to be held to consider the proposed Millage rate and the tentative budget - City Commission Chambers located at City Hall, 1126 East State Road 434, Winter Springs, Florida, on September 9, 2002 at 6:30pm or soon thereafter. . RECOMMENDATION: Agree on a proposed millage rate cap to be placed in Resolution 2002-23 and adopt Resolution 2002-23. Manager recommendation to be presented at the meeting. ATTACHMENTS: · Resolution 2002-23 · Florida Statute 200.065 · Commission Alternatives Worksheet FY 02-03 Preliminary Budget · DR-420 form · DR-420 calculation - with 3.7708 millage rate, as an example · DR-420 calculation - with 3.8708 millage rate, as an example · DR-420 calculation - with 4.0208 millage rate, as an example · DR-420 calculation - with 4.2708 millage rate, as 'an example · DR-420 calculation - with 4.5208 millage rate, as an example · DR-420 calculation - with 4.7708 millage rate, as an example · FY 03 Budget Calendar COMMISSION ACTION: RESOLUTION NO. 2002-23 A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF WINTER SPRINGS, FLORIDA, ESTABLISHING THE ROLLED-BACK RATE; COMPUTING A PROPOSED MILLAGE RATE; AND SETTING THE DATE, TIME AND PLACE OF A PUBLIC HEARING TO CONSIDER THE TENTATIVE MILLAGE RATE AND TENTATIVE BUDGET FOR FISCAL YEAR 2002-2003; PROVIDING FOR THE REPEAL OF PRIOR INCONSISTENT RESOLUTIONS; AND PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, Florida Statute 200.065 (2) (a) 1. expressly provides that municipalities shall compute a proposed Millage rate; and WHEREAS, Florida Statute 200.065 (4) (b) requires that within 35 days of certification of value, each taxing authority shall advise the property appraiser of its proposed Millage rate, of its rolled-back rate" and of the date, time, and place at which a public hearing will be held to consider the proposed Millage rate and the tentative budget; and \VHEREAS, Florida Statute 200.065 (4) (c) further requires that within 80 days of certification of value, but not earlier than 65 days after certification, the governing body of each taxing authority shall hold a public hearing on the tentative budget and tentative Millage rate. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF WINTER SPRINGS, SEMINOLE COUNTY, FLORIDA, AS FOLLOWS: Section 1. Proposed Millage Rate,. The proposed Millage rate cap for the City of Winter Springs, Florida for the Fiscal Year 2002-2003 is set at _ Mills and the computed aggregate rolled-back rate is 3.6043 Mills. Section 2. Public Hearing. A public hearing shall be held in the City Commission Chambers located at City Hall, 1126 East State Road 434, Winter Springs, Florida, on September 9, 2002 at 6:30 P.M., or soon thereafter, to consider the adoption of the proposed 'millage rate and the tentative budget for Fiscal Year 2002-2003. ' Section 3. Repeal of Prior Inconsistent Resolutions. resolutions adopted by the City Commission are hereby repealed. All pnor inconsistent Section 4. adoption. Effective Date. This Resolution shall take effect immediately upon its DONE AND ADOPTED in regular session of the City Commission of the City of Winter Springs, Florida this _ day of July 2002. CITY OF WINTER SPRINGS Paul P. Partyka Mayor Attest: Andrea Lorenzo-Luaces , City Clerk Resolution No. 2001-35 ,. / ( setting forth the boundary of each special school district and the district or territory in which other special taxes are to be assessed, and the property appraiser shall, upon 'receipt of such statements and orders from the board of county commissioners and school board setting forth the rate of taxation to be . levied on the real and personal property therein, proceed to assess such property and enter the taxes thereon in the assessment rolls to be provided for that purpose. (5) The property appraiser shall designate and separately identify by certificate to the tax collector the rate of taxation to be levied for the use of the county and school board and the total rate of taxation for all other taxing authorities in the county. (6) The board of county commissioners shall certify to the property appraiser and tax collector the millage rates to be levied for the use of the county and special taxing districts, boards, and authorities and all other taxing units within the county for which the board of county commissioners is required by law to levy taxes; The district school board, each municipality, and the governing board orgoveming authority of each special taxing district or other taxing unit within the county the taxes of which are assessed on the tax roll prepared by the property appraiser, but for which the board of county commissioners is not required by law to levy taxes, shall certify to the property appraiser and tax collector the millage rate set by such board, municipality, authority, special taxing district, or taxing unit. The certifications required by this subsection shall be made within 30 days after the value adjustment board adjourns. History.-s. 2, ch. 4885, 1901; GS 532; s. 30, ch. 5596, 1907; RGS 731; CGL 937; s. 6, ch. 20722, 1941; s. I, ch. 67-2.27; s. 1, ch. 67-512; SS. 1,2, ch. 69-55; s. 1, ch. 69~300; s. 36, ch. 71-355; s. 18, ch. 76-133; s. I, ch. 77-102;s. 1, ch. 77-248;s. 90, ch. 79-400; s. 71, ch. 82-226; s. 164, ch. 91- 112; s. 1048, ch. 95-147. Note.-Fonner s. 193.31. 200.065 Method of fixing mil1age.~ (I) Upon completion of the assessment of all property pursuant to s. 193.023, the property appraiser shall certify to each taxing authority the taxable value within the jurisdict,ion' of ,the taxing authority. This certification shall include a 'copy of the statement required to be submitted under s. 195.073(3), as applicable to that taxing authority. The form on which the certification is made shall include instructions to each taxing authority describing the proper method of computing a millage rate which, exclusive of new construction, additions to structures, deletions, increases in the value of improvements that have Chapter 200, F.S. (2000) undergone a substantial rehabilitation which increased the assessed value of such improvements by at least 100 percent, and property added due to geographic boundary changes, will provide the same ad valorem tax revenue for each taxing authority as was levied during the prior year. That millage rate shall be known as the "rolled-back rate." The information provided pursuant to this subsection shall also be sent to the tax collector by the property appraiser at the time it is sent to each taxing authority. (2) No millage shall be levied until a reSOlution) 0':. ordinanEe has been approved by the governmg board of the taxing authority which resolution or ordinance must be approved by the taxing authority according to the following procedure: (a) 1. Upon preparation of a tentative budget, but prior to adoption theI:eq!; each taxing authority shiil ~te a proposed millage ~ necessary to fund the tentative budget other ,than the portion of the budget to be funded from sources other than ad valorem taxes. In computing proposed or final millage rates, each taxing author,ity shall utilize not less than ,95 percent of the taxable value certified pursuant to subsection (I). 2., The tentative budget of the county commission shall be prepared and submitted in' accordance with s. 129.03. . 3. The tentative budget of the school district shall be prepared and submitted in accordance with chapter 237, provided that the date of submission shall not be later than 24 days after certification of value pursuant to subsection (1). 4. Taxing authorities other than the county and school district shall prepare and consider tentative,and final budgets in accordance with this section and applicable provisions of ,law, including budget procedures applicable to the taxing authority, provided such procedures do not conflict with general law. (b) Within 35 days of certification of value pursuant to subsection (1), each taxing authority shall , advise the property appraiser of its proposed milla~ rate, of its rolled-back rate computed pursuant t6 subsection (1); and of the date, time, and place at which a public hearing will be held to consider the proposed millage rate and the tentative budget. The property appraiser, shall J.1ti I ize' this information in preparing the notice of proposed ,property taxes pursuan't to s. 200.069. The deadline for mailing the notice shall be the later of 55 days after certification of value pursuant to subsection (1) or 10 days after either the date the tax roll is approved or the interim r:oll procedures under s. 193.1145 are instituted. If the deadline for mailing the notice of proposed property taxes is 10 days after the date the tax roll is approved or the . interim roll procedures are instituted, all ] ] 7 r: Chapter 200, F.S. (2000) subsequent deadlines provided in this section shall be extended. The number of days by which the deadlines shall be extended shall equal the number of days by which the deadline for mailing the notice of proposed taxes is extended beyond 55 days after certification. If any taxing authority fails to provide the informatian required in this paragraph to the property appraiser in a timely fashion, the taxing authority shall be prahibited fram levying a millage rate greater than the ralled- back rate computed pursuant to subsectian (I) for the upcaming fiscal year, which rate shall be camputed by the praperty appraiser and used in preparing the natice of proposed property taxes. (c), Within 80 days af the certification of value pursuant to subsection (l), but not ,earlier than 65 days after certificatian, the gaverning body of each taxing autharity shall hold a public hearing an the tentative budget and proposed millage rate. Priar to the canclusion af the hearing, the governing bady af the taxing autharity shall amend the tentative budget as it sees fit, adapt the amended tentative budget, recampute its propased millage rate, and publicly annaunce the percent, if any, by which the recamputed prapased millage rate exceeds the railed-back rate camputed pursuant to subsectian (I). That percent shall be characterized as the percentage increase in property taxes tentatively adopted by the gaverning bady. (d) Within 15 days after the meeting adapting the tentative budget, the taxing autharity shall advertise in a newspaper af general circulatian in the caunty as pravided in subsection (3), its intent to. finally adopt a millage rate and budget. A public hearing to finalize the budget and adopt a millage rate shall be held not less than 2 days ar mare than 5 days after the day that the advertisement is first published. Dl;lring the hearing, the governing bady af the taxing authority shall amend the adopted tentative budget as it sees fit, adapt a final budget, and adapt a resalutian or ordinance stating the millage rate to. be levied. The resolutian ar ardinance shall state the percent, if any, by which tho millage rate to. be levied exceeds the rolled-back rate computed pursuant to. subsectian (l), which shall be characterized as the percentage increase in property taxes adopted by the governing bady. The adaption af the budget and the millage-levy resalutian or ardinance shall be by separate vates. Far each taxing autharity levying millage, the name' af the taxing ,autharity, the ral.led-bac,k rate, the percentage increase, and the millage rate to be levied shall be publicly announced priar' to. the adoption af the millage-levy resalution or ordinance. In no event may the millage rate adopted pursuant to. this paragraph exceed the millage rate tentatively adapted pursuant to. paragraph (c). If the rate tentatively adapted pursuant I to. paragraph ( c) exceeds the propased rate pravided to. the property appraiser pursuant to paragraph (b), or as 'subsequently adjusted pursuant to. .subsection (J 0), each taxpayer within the jurisdiction af the taxing authority shall be sent natice by first-class mail af his or her taxes under the tentatively adapted millage rate and his or her taxes under the previausly proposed rate. The natice must be prepared by the property appraiser, at the expense of the taxing authority, and must generally con farm to the requirements of s. 200.069. If such additional natice is necessary, its mailing must precede the hearing held pursuant to this paragraph by nat less than 10 days and not more than 15 days. (e) I. In the hearings required pursuant to. paragraphs (c) and (d), the first substantive issue discussed shall be the percentage increase in millage aver the rolled-back rate necessary to. fund the budget" if any, and the specific purposes for which ad valorem tax revenues are being increased. During such discussian, the gaverningbody shall hear comments regarding the praposed 'increase and explain the reasons for the proposed increase aver the rolled-back rate. The general public shall be allowed to. speak and to. ask questions prior to. adoption of any measures by the gaverning bady. The gaverning bady shall adopt its tentative or final. millage rate prior to. adopting its tentative ar final budget. 2. These hearings shall be held after 5 p.m. if scheduled on a day other than Saturday. No hearing shall be held on a Sunday. The caunty cammission shall nat schedule its hearings an days scheduled far" hearings by the schaal board. The hearing dates scheduled by the county commissian and schoal board shall not be utilized by any ather taxing autharity within the county far its public hearings. A multicounty taxing authority shall make every reasonable effort to avoid scheduling hear:ings an da:ys utilized by the counties or school districts within its jurisdiction. Tax levies and budgets for dependent special taxing districts shall be adopted at the hearings for the taxing autharity to which such districts are dependent, following such discussion and adoptian af levies and budgets for the superiar taxing authority. A taxing authority may adopt the tax levies fOf all of its dependent special taxing districts, and may adopt the budgets for all of its dependent special taxing districts, by 'a single unanimous vote. Hawever, if a member of the general public fequeststhat the tax levy ar budget of a dependent special taxing district be separately discussed and separately adapted, the taxing autharity shall discuss and adapt that tax levy or budget separately. If, due to cir'cumstances beyond the cantrol 118 CITY OF WINTER SPRINGS Paul P. Partyka Mayor Attest: Andrea Lorenzo-Luaces City Clerk Resolution No. 2001-35 CITY OF WINTER SPRINGS FISCAL YEAR'2002-2003 PRELIMINARY BUDGET COMMISSION ALTERNATIVES WORKSHEET ~otal Expenses Cody Alternative #2 Cody Alternative:~3 Reduce Merit Funding.'rom 4.5% to 4.0% Parks & Recreation 1 FT Maintenance Worker ,1 PT Maintenance W(!)rker 1 FT Athletic Co.ordinator 1 PT Sports Monitor 1 PT Bus Driver Operating Supplies for Bus Bus Total Senior Bus Program ill 3 FT Firefighters 1 FT Data Entry Clerk ~ 2 FT COPS Grant Officers (Net) (75% Reimbursed - can request up to 8 Officers) Information SeNices Data Processing Upgrade YR 1 , Required Millage Manager's Manager's Manager's Alternatives Alternatives Alternatives Applicable Option Option Option Millage' . Alternatives 1 2 3 3.7708 $15,221,800 $15,221,800 $15,221,800 $15,221,800 0.0650 $79,029 0,0236 $28,800 -0.0370 ($45,000) ~ -, :3 , q, '\ 0.0174 0.0070 0.0535 0.0779 ....... "------- .-.-- $105,900 '" $27,200 .J '------ 0,0158 <. $~9,200 ) ......- --_:....--- 0,0871 0.0224 _...-- $79,029 $28,800 ($45,000) $25,OOQ f., $11,000 I I 0,2388 " 4,3251 $15,895.779 $15,221,800 $15,284,629 $15,320,629! 4.3251 3,7708 , 3,8224 . Note: The Police and Fire Chief felt additional overtime could be used in lieu of new employees: Add'l OT in lieu of COPS Add'l OT in lieu of 3 Firefighters 0.0490 0.0501 $59,592 $60,915 3.8520 4,3251 SECTION I R.01/95 2002 SEMINOLE Year County To CITY OF WINTER SPRINGS (Name of Taxing Authority) $ 1,227,412,868 $ 39,126,283 $ 30,931 $ 1,266,570,082 (1) Current Year Taxable Value of Real Property for Operating Purposes (2) Current Year Taxable Value of Personal Property for Operating Purposes (3) 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 100% + Annexations - Deletions) $ 27,096,996 (6) Current Year Adjusted Taxable Value (4) - (5) \TJ 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 SANFORD ' Florida, this the 12th day of JUNE $ $ 1, 239,473,086 1,184,740,270 .......................................................................................................................................................................'.'................................................................................................................................................................................................................. ..... TAXING AUTHORITY: If this portion of the fonn 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 N1A or -0-. SECTION" (8) Prior Year Operating Millage Levy (9) (10) (11 ) (12) per $1 ,000 Prior Year Ad Valorem Proceeds (7) x (8) Current Year Rolled-Back Rate (9) + (6) $ $ $, $ Current Year Proposed Operating Millage Rate' Check TYPE of Taxing Authority: per $1,000 per $1,000 o Municipality C:JIndependent Special District o County 0 Dependent District o MulU-County o Munlclpa. Servlc~ Tning Unit D Water Management District (13) IF DEPENDENT SpECIAL DISTRICT OR MSTU IS MARKED, PLE.l\SE SEE R,EVERSE SIDE. (14) Current Year Millage Levy for ~QTED DEBT SERVICE $ per $1,000 per $1 ,000 "'" "".;"",:::::""",,:fi::::d (15) Cu;rent Year Millage levy for OTHER VOTED MILLAGE IDEBEN,p~Nm:SPEQI~~::Pt$.mBIGT$(St<IPJih~:$:(1..qr::nm~:ijgh'I(g:gr::::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 Districrs 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) $ $ $ per $1 ,000 (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) $ $ $ per $1,000 (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: % 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"land and official signature at , ' Flori~a, this the day of (Month and Year) Address of Physical Location Signature and Title of Chief Administrative Officer Name of Contact Person Mailing Address City State Zip Phone # SEE INSTRUCTIONS ON,REVERSE SIDE Fax # --"--- ---- --. _._.~ ---- .-_.... -~ --..-. ..-.- -.-- -._- -- -"- - - - - -,-- - - - - - - - - -.. ;: CITY OF WINTER SPRINGS CERTIFICATION OF TAXABLE VALUE 2002 TAX YEAR (FY 2003) AT CURRENT RATE OF 3.7708 1 Current Year Taxable Value of Real Property for Operating Purposes 2 Current Year Taxable Value of Personal Property for Operating Purposes 3 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 6 Current Year Adjusted Taxable Value (4-5) 7 Prior Year Final Gross Taxable Value (from py Form DR-403) 8 Prior Year Operating Millage Levy 9 Prior Year Ad Valorem Proceeds (7"8) 10 Current Year Rolled-Back Rate (9/6) 11 Current Year Proposed Operating Millage Rate 12 Type ofTaxing Authority 13 If Dependent Special District or MSTU - see reverse side 14 Current Year Millage Levy for Voted Debt Service 15 Current Year Millage Levy for Other Voted Millage 16 Prior Year Ad Valorem Proceeds of All Dependent Special Districts 17 Total Prior Year Proceeds (9+16) 18 The Current Year Aggregate Rolled-Back Rate (17/6) 19 Current Year Aggregate Rolled.Back Taxes (4'18) 20 Enter Total of all non-voted Ad Valorem Taxes proposed to be, levied by the Principal Tax1ng Authority. all Dependellt Districts & MSTU's (11.4) 21 Current Year Proposed Aggregate Millage Rate (20/4) 22 Current Year Proposed Rate as a Percent Change of Rolled-back Rate ((21/18)-1,00)"100 Rolled back RATE Is calc w/out new construction Rolled back TAXES $ Includes all value - just at rolled back rate .' @3,7708 @3,6043 $1,227.412,868 prov by pa $39.126,283 $30,931 $1.266,570.082 $27,096,996 $102.177,35 $97,665.70 $1,239.473,086 $1,184.740,270 3,7708 $4,467.419 @ 96% = 4,288,722 3.6043 same rev as Iy using adj tax value(no new const) 3,7708 municipality n1a 0.000250 n1a n1a $4.467,419 3.6043 $4.565,084 diff of 97.655 ,. ; CITY OF WINTER SPRINGS CERTIFICATION OF TAXABLE VALUE 2002 TAX YEAR (FY 2003) AT POTENTIAL RATE OF 3.8708 .)-- \ "" _::> ,C, ""~: \ \ '''""' "- 1 Current Year Taxable Value of Real Property for Operating Purposes 2 Current Year Taxable Value of Personal Property for Operating Purposes 3 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 6 Current Year Adjusted Taxable Value (4-5) 7 Prior Year Final Gross Taxable Value (from py Form DR-403) 8 Prior Year Operating Millage Levy 9 Prior Year Ad Valorem Proceeds (7'8) 10 Current Year Rolled-Back Rate (9/6) 11 Current Year Proposed Operating Millage Rate 12 Type of Taxing Authority 13 If Dependent Special District or MSTU - see reverse side 14 Current Year Millage Levy for Voted Debt Service 15 Current Year Millage Levy for Other Voted Millage 16 Prior Year Ad Valorem Proceeds of All Dependent Special Districts 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*18) 20 Enter Total of all non-voted Ad Valorem Taxes propo~ed to be levied by the Principal Taxing Authority, all Dependent Districts & MSTU's (11*4) 21 Current Year Proposed Aggregate Millage Rate (20/4) 22 Current Year Proposed Rate as a Percent Change of Rolled-back Rate ((21/18)-1.00).100 Rolled back RATE is calc wlout new construction Rolled back TAXES $ includes all value - just at rolled back rate @3.8708 @3.6043 $1,227.412,868 prov by pa $39.126,283 $30,931 $1,266,570,082 $27,096,996 $102,177.35 $97,665.70 $1,239,473,086 $1,184,740,270 3.7708 $4.467.419 @ 96% = 4,288,722 3.6043 same rev as Iy using adj tax value(no new const) 3.8708 municipality n1a 0.000250 n1a n1a $4.467,419 3.6043 $4,565,084 diff of 97,655 $4,902,639 @ 96% = ~;:-V ~) '-7.39 l'\"'" '\d-.\ SC-\, J ~ ~'" .+... _------... I !~~-'~-~ CITY OF WINTER SPRINGS CERTIFICATION OF TAXABLE VALUE 2002 TAX YEAR (FY 2003) AT POTENTIAL RATE OF 4.0208 ilL J ~ .L..:__...... - ( &\ ............... " ,.......;" .:.~" ~ ~ 1 Current Year Taxable Value of Real Property for Operating Purposes 2 Current Year Taxable Value of Personal Property for Operating Purposes 3 Current Year Taxable Value of Centrally Assessed Property for Operating Purposes 4 Current Year Gross Taxable Value for Operallng Purposes (1+2+3) 5 Current Year Net New Taxable Value 6 Current Year Adjusted Taxable Value (4-5) 7 Prior Year Rnal Gross Taxable Value (from py Form DR-403) 8 Prior Year Operating Millage Levy 9 Prior Year Ad Valorem Proceeds (r8) 10 Current Year Rolled-Back Rate (9/6) 11 Current Year Proposed Operating Millage Rate 12 Type of Taxing Authority 13 If Dependent Special District or MSTU - see reverse side 14 Current Year Millage Levy for Voted Debt SeIVice 15 Current Year Millage Levy for Other Voted Millage 16 Prior Year Ad Valorem Proceeds of All Dependent Special Districts 17 Total Prior Year Proceeds (9+16) 18 The Current Year Aggregate Rolled-Back Rate (17/6) 19 Current Year Aggregate Rolled-Back Taxes (4.18) 20 Enter Total of all non-voted Ad Valorem Taxes proposed to be levied by the Principal Taxing Authority, all Dependent Districts & MSTU's (11.4) 21 Current Year Proposed Aggregate Millage Rate (20/4) 22 Current Year Proposed Rate as a Percent Change of Rolled-back Rate ((21/18)-1.00)"100 Rolled back RATE is calc w/out new construction Rolled back TAXES $ includes all value - just at rolled back rate @4.0208 @3,6043 $1.227,412,868 prov by pa $39,126,283 $30,931 $1,266,570,082 $27,096,996 $102,177.35 $97,665.70 $1,239,473,086 $1,184,740,270 3,7708 $4,467,419 @ 96% = 4,288,722 3,6043 same rev as Iy using adj tax value(no new const) 4.0208 municipality nla 0.000250 nla nla $4,467,419 3,6043 $4,565,084 diff of 97,655 $5,09;!.625. @ 96% = ~~s.> 11.56 ,;!l. 3 -:.::> _, c\.... I ,/ ___ 2, t!:. -\ ,":'..---:0 \ \~... --- .:.' '--.... - ''-' CITY OF WINTER SPRINGS CERTIFICATION OF TAXABLE VALUE 2002 TAX YEAR (FY 2003) AT POTENTIAL RATE OF 4.2708 \.......:.... \ C. #' ,c. r.:\ ~. \, ".-... '-.f ~ f_ 1 Current Year Taxable Value of Real Property for Operating Purposes 2 Current Year Taxable Value of Personal Property for Operating Purposes 3 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 6 Current Year Adjusted Taxable Value (4-5) 7 Prior Year Final Gross Taxable Value (from py Form DR-403) 8 Prior Year Operating Millage Levy 9 Prior Year Ad Valorem Proceeds (7"8) 10 Current Year Rolled-Back Rate (9/6) 11 Current Year Proposed Operating Millage Rate 12 Type of Taxing Authority 13 If Dependent Special District or MSTU - see reverse side 14 Current Year Millage Levy for Voted Debt Service 15 Current Year Millage Levy for Other Voted Millage 16 Prior Year Ad Valorem Proceeds of All Dependent Special Districts 17 Total Prior Year Proceeds (9+16) 18 The Currenl Year Aggregate Rolled-Back Rate (1716) 19 Current Year Aggregate Rolled-Back Taxes (4.18) 20 Enter Total of all non-voted Ad Valorem Taxes proposed to be levied by the Principal Taxing Authority, all Dependent Districts & MSTU's (11.4) 21 Current Year Proposed Aggregate Millage Rate (20/4) 22 Current Year Proposed Rate as a Percent Change of Rolled-back Rate ((21/18)-1.00).100 Rolled back RATE is calc wlout new construction Rolled back TAXES $ includes all value - just at rolled back rcne @4.2708 @3.6043 $1,227,412,868 prov by pa $39,126,283 $30,931 $1,266,570,082 $27,096,996 $102.177,35 $97,665.70 $1,239,473,086 $1,184,740,270 3.7708 $4,467,419 @ 96% = 4,288,722 3.6043 same rev as Iy using adj tax value(no new const) 4.2708 municipality n1a 0,000250 n1a n1a $4,467,419 3.6043 $4,565,084 dill of 97,655 $5,409,268 @ 96% = Cil:27~0 18.49 $\ ~ '0 -, cl S '--I " ~ c:..\ c:..~ . ,J.. ., ~ ~ I .-::l....:".J.e...--'I_<-- CITY OF WINTER SPRINGS CERTIFICATION OF TAXABLE VALUE 2002 TAX YEAR (FY 2003) AT POTENTIAL RATE OF 4.5208 .3cL_r=:......-~..-...) 0(: c-....---....:l' .~..... @4,5208 @3.6043 1 Current Year Taxable Value of Real Property for Operating Purposes 2 Current Year Taxable Value of Personal Property for Operating Purposes 3 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 6 Current Year Adjusted Taxable Value (4-5) 7 Prior Year Final Gross Taxable Value (from py Form DR-403) 8 Prior Year Operating Millage Levy 9 Prior Year Ad Valorem Proceeds (7"8) 10 Current Year Rolled-Back Rate (9/6) 11 Current Year Proposed Operating Millage Rate 12 Type of Taxing Authority 13 If Dependent Special District or MSTU - see reverse side 14 Current Year Millage Levy for Voted Debt Service 15 Current Year Millage Levy for Other Voted Millage 16 Prior Year Ad Valorem Proceeds of All Dependent Special Districts 17 Total Prior Year Proceeds (9+16) 18 The Current Year Aggregate Rolled-Back Rate (17/6) 19 Current Year Aggregate Rolled-Back Taxes (4.18) 20 Enter Total of all non-voted Ad Valorem Taxes proposed to be levied by the Principal Taxing Authority, all Dependent Districts & MSTU's (11'4) 21 Current Year Proposed Aggregate Millage Rate (2014) 22 Current Year Proposed Rate as a Percent Change of Rolled-back Rate ((21/18)-1,00)'100 Rolled back RATE is calc w/out new construction Rolled back TAXES $ includes all value - just at rolled back rate $1,227,412,868 prov by pa $39,126,283 $30,931 $1,266,570,082 $27,096,996 $102,177.35 $97,665.70 $1,239,473,086 $1,184,740,270 3.7708 $4,467,419 @ 96% = 4,288,722 3.6043 same rev as Iy using adj tax value(no new const) 4.5208 municipality nla 0.000250 nla nla $4,467,419 3.6043 $4,565,084 diff of 97,655 // ~i $5,7~ @ 96%" l $5.49~874 ('4.5208';> . '---25:'43 ~ ct \ \ c~ 2> , :-'> e:' C' . ,.1 , - ___ I -r... <" ~.c............ -"<-.-- CITY OF WINTER SPRINGS CERTIFICATION OF TAXABLE VALUE 2002 TAX YEAR (FY 2003) AT POTENTIAL RATE OF 4.7708 \,~ , \ --. -.r ~ ~~ 1 Current Year Taxable Value of Real Property for Operating Purposes 2 Current Year Taxable Value of Personal Property for Operating Purposes 3 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 6 Current Year Adjusted Taxable Value (4-5) 7 Prior Year Final Gross Taxable Value (from py Form DR-403) 8 Prior Year Operating Millage Levy 9 Prior Year Ad Valorem Proceeds (7.8) 10 Current Year Rolled-Back Rate (9/6) 11 Current Year Proposed Operating Millage Rate 12 Type ofTaxing Authority 13 If Dependent Special District or MSTU - see reverse side 14 Current Year Millage Levy for Voted Debt Service 15 Current Year Millage Levy for Other Voted Millage 16 Prior Year Ad Valorem Proceeds of All Dependent Special Districts 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*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 (11*4) 21 Current Year Proposed Aggregate Millage Rate (20/4) 22 Current Year Proposed Rate as a Percent Change of Rolled-back Rate ((21/18)-1.00).100 Rolled back RATE Is calc w/out new construction Rolled back TAXES $ includes all value - just at rolled back rate @4.7708 @3,6043 $1,227,412,868 prov by pa $39,126,283 $30,931 $1,266,570,082 $27,096,996 $102,177.35 $97,665,70 $1,239,473,086 $1,184,740,270 3.7708 $4,467,419 @ 96% = 4,288,722 3.6043 same rev as Iy using adj tax value(no new const) 4.7708 municipality n1a 0.000250 n1a n1a $4,467,419 3.6043 $4,565,084 diff of 97,655 $6~96%= ~ 32.36 $5,800,:~~-) /' ,,--.-....,/ .IS: .~ I 5 C\ =\ -' F' c.\ c.' . .1...... ;-:-"l.... C "-'" < ""' _ -<-- CITY OF WINTER SPRlNGS BUDGET CALENDAR FY 2003 April 8ln _ 12'" Finance Department prepares budget format April 15"1 Finance Department distributes budget format to Departments May 13111 Departments submit budgets to Finance May 13"1 - 17''' Finance Department compiles Department budget submissions May 20"1 - 24ln City Manager and Finance review budgets with Departments May 271l1- May 31M Finance re-compiles proposed budget, print & make-ready preliminary budget June General review July 151 Property Appraiser submits DR 420 Certification (date of Certification of Value or July 1 whichever is later) July 151 Preliminary Budget to Commission July Budget workshops with Commission Proposed: July 8th 5:00-6:30 July 15th 6:00-9:00 July 22nd 5:00-6:30 July 29th 6:00-9:00 August 1 ~l Tentative budget to Commission August 2no Notice to Property Appraiser of: Proposed Millage Rate Rolled-back rate Date, Time & Place of Public Hearing (within 35 days of certification of value) August 24m TRIM Notice sent by Property Appraiser (considered notification of tentative budget hearing - must be mailed no later than 55 days after certification of value) September 9111 Commission Meeting ::!'.. Tentative budget and proposed rate hearing (within 80 days of certification of value but not earlier than 65 days after certification) September 21 Sl Final millage and budget hearing advertised in paper (within 15 days following tentative budget hearing) September 23TU Commission Meeting Final millage and budget hearing - Adoption of final millage and budget must be separately (must be held not less than 2 days or more than 5 days after advertisement is published) September 24'" Resolution to Property Appraiser and Tax Collector (within 3 days after adoption of final millage rate) October 15U1 TRIM package to Property Tax Administration Program Department of Revenue (within 30 days of final adoption)