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Home My WebLink About2003 07 28 Regular E Resolution 2003-32 Proposed Tentative Millage Cap for FY 2003-2004 COMMISSION AGENDA ITEM E I CONSENT INFORMATIONAL PUBLIC HEARlNG REGULAR x July 28, 2003 Meeting ~ Authorization REQUEST: The Finance Department is requesting the City Commission approve resolution No. 2003-32, computing the Proposed Tentative Millage Cap for Fiscal Year 2003-2004, 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 2003- 2004. PURPOSE: To gain Commission agreement regarding the information to be relayed to the Property Appraiser on the Form DR-420 which sets the proposed tentative 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: . The Finance Department is seeking agreement for the Proposed Tentative 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 by Friday, August 1 st. . The final millage rate adopted can be lowered from the millage rate placed on the DR-420 and noticed to the residents, ifnecessary; however, iOt is raised, the residents must be re-noticed at the Citv's expense. . The Commission consensus at the Budget Wrap-up Workshop on 7/21/03 established a millage rate of 4.3196 as noted on the attached worksheet. · 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 of the potential millage choices for the DR-420: Tax Add'l Revenue Increase Generated Millage as a % of Over the 7/21/03 Rate Rate Roll Back Workshop Rate Roll Back 3.9362 Current 4.1658 5.83% Per Commission 7/21/03 4.3196 9.74% Tenth ofa mill over 7/21/03 4.4196 12.28% $ 131,187 Quarter of a mill over 7/21/03 4.5696 16.09% $ 327,968 Half a mill over 7/21/03 4.8196 22.44% $ 655,936 Three quarters of a mill over 7/21/03 5.0696 28.79% $ 983,903 One mill over 7/21/03 5.3196 35.15% $ 1,311,871 · The Resolution establishes the Rolled-Back rate at 3.9362 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 Tentative Millage Rate and the Tentative Budget - City Commission Chambers located at City Hall, 1126 East State Road 434, Winter Springs, Florida, on September 8, 2003 at 6:30pm or soon thereafter. RECOMMENDATION: Agree on a proposed tentative millage rate cap to be placed in Resolution 2003-32 and adopt Resolution 2003-32. ATTACHMENTS: · Resolution 2003-32 · Commission General Fund Option Worksheet FY 04 · DR-420 · DR-420 calculation - with 3.9362 millage rate, as an example · DR-420 calculation - with 4.1658 millage rate, as an example · DR-420 calculation - with 4.3196 millage rate, as an example · DR-420 calculation - with 4.4196 millage rate, as an example · DR-420 calculation - with 4.5696 millage rate, as an example · DR-420 calculation - with 4.8196 millage rate, as an example · DR-420 calculation - with 5.0696 millage rate, as an example · DR -420 calculation - with 5.3196 millage rate, as an example COMMISSION ACTION: RESOLUTION NO. 2003-32 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 2003-2004; 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 WHEREAS, 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 MilJal!e Rate. The proposed Millage rate cap for the City of Winter Springs, Florida for the Fiscal Year 2003-2004 is set at __ Mills and the computed aggregate rolled-back rate is 3.9362 Mills. In addition, the proposed Millage rate for the City of Winter Springs for voted debt service is 0.2500 Mills. Section 2. Public Hearinl!. 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 8,2003 at 6:30 P.M., or soon thereafter, to consider the adoption of the proposed millage rate and the tentative budget for Fiscal Year 2003-2004. Section 3. Repeal of Prior Inconsistent Resolutions. resolutions adopted by the City Commission are hereby repealed. All prior 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 2003. CITY OF WINTER SPRINGS John Bush Mayor Attest: Andrea Lorenzo-Luaces City Clerk CITY OF WINTER SPRINGS 7/21/03 FY 04 BUDGET WORKSHOP - OPTION WORKSHEET MILLAGE PER PRELIMINARY BUDGET CHANGES FROM PRELIMINARY BUDGET: Expenses Decrease in cost of health insurance for ap Revenues Ad-Valorem revenue bum u due to valuation PST Transfer to GF - Comm Serv Tax estimate inc b Revenue Sharing estimate inc b 85k ISSUES: Pension assumption changes: Option #2 - Actuary recommendation - 8%, 30yrs, 60 ret age Option #3 - 2% city increase, no inc employees Option #5 - 1 % city increase, 1 % inc employees Option #6 - 5% city increase, no inc employees o tion #8 - 3% ci increase, 2% inc em 10 ees Laptops for Police Vehicles - Capital o tion to fund out of fund balance 4 New Police Officers 1 New Information Services Em 10 ee Computers at Dias - Capital Option to fund out of fund balance Increase Paramedic Incentive 1 New Firefighter Clerk TOTAL GENERAL FUND MILLAGE CURRENT MILLAGE CHANGE IN MILLAGE % INCREASE (DECREASE) IN MILLAGE GENERAL GENERAL FUND FUND $ MILLAGE $0 $167,800 $83,900 $419,500 $251,700 $500,000 0.3811 $175,000 $42,800 $30,000 0.0229 $33,000 0.0252 $43,000 0.0328 $26,500 0.0202 ~ /SECTION I. . 2003 Certification of Taxable Value CITY OF WINTER SPRINGS Year To DR-420 R. 01/95 (Name of Taxing Authority) SEMINOLE County (1) Current Year Taxable Value of Real P~operty for Operating Purposes (2) (3) (4) (5) Current Year Taxable Value of Personal Property for Operating Purposes $ $ $ $ 1,326,,856,368 39,627,566 Current Year Taxable Value of Centrally Assessed Property for Operating Purposes (6) Current Year Adjusted Taxable Value (4) - (5) (7) Prior Year Final Gross Taxable Value (From Prior Year Applicable Form DR-403 Series) I do hereby certify the values show herein to be correct to the best of my knowledge and belief. Witness my hand and official signature at SANFORD , Florida. this the 20th day of J , 20~. Current Year Gross Taxable Value for Operating Purposes (1) + (2) + (3) Current Year Net New Taxable Value (New Construction + Additions + Rehabilitative Improvements Increasing Assessed Value By At Least 100% + Annexations - Deletions) $ $ $ 47,946 1,366,531,880 25.663.687 1.340.868.193 1,266,969,110 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 $ $ $ $ per $1,000 (9) Prior Year Ad Valorem Proceeds (7) x (8) (10) Current Year Rolled-Back Rate (9) divided by (6) (11) Current Year Proposed Operating Millage Rate 12) Check TYPE of Taxing Authority: Cl County Cl Dependent District C:=J Municipality Cllndependent Cl Multi-County Special District per $1,000 per $1,000 Cl Municipal Service Taxing Unit Cl Water Management District (13) IF DEPENDENT SPECIAL DISTRICT OR MSTU IS MARKED, PLEASE SEE REVERSE SIDE. (14) Current Year Millage Levy for VOTED DEBT SERVICE $ per $1,000 (15) Current Year Millage Levy for OTHER VOTED MILLAGE $ per $1,000 ;".;,,..,'..D.-.E""P....."EnN...'D'~'E...'N...::,.... .,rS.'..,"..E...C". .~,I'Ai.."i"...~.r..,.',I.'S'..;..,"".,.R~. "1';".""",,, .,..S"..'.'~,.~..;;. ,"I'n.','.',','I..'j.n",'e'is"".::c"..rf.,.'6"vo',...' ."...,..,. -n .. '1 ',"','....... ,.. ""p"'" '~))' .,..' "". "",," .........'Ii..., "N"'ffil}~ ,;If"'" """?~''''' .i' . . ~I i ~ _, go ~J,. \Jll', 1: c: I\: r:: i"O!l:I.;1 ' ) ~,.2..;);~,-~..',!~[,'~.',t~..,"'.,...,'I.rH.t.,~.,:,~..~~$..>.;i,'~~,',/:,~;.~~~A~:,~.,'1,"'.~:,~,~1.~~,;,',~,'~~1..,.I~,I. ,_i.:~,l,:L.:f?~!~..,?.~~tk"l~,~'.:ti~..'~,~.'!'{,~E,r,~,_:1..,~,~~;",~.;f.~.*,'.~,'~;&~,' ~if:.:.'f~.I~.~.~..;.\t.~,....,;~.'~~!.~ji..~,\~.,.,~:,.{~;i~J.~,{,\\'l'\,',:.'-;l!~,,:~~1~ 'l:I."r>~"'J~ I.I.",,-..,:,.,.)...~ ';-..:. ..~.,...1;L...,...~~ ',' ,,.....,~).,.. .......,.... ......~,'.:..,...:;, ~",'>"'h.r':iw,';"_~\... .~' ',+.;:.h,'Jh.:~,... t,,[E.\'.')-,.. ".~.f TI ~ ~ .... "'~ ,.., .. ~-,..~,<~lf.. Ln."l' ~. .,..( "'" ';:.7',.f. _. ~.......:lC A ~,l:!r ~;Ct .~ ~ _,i3i'l~;...... . __l:\~'.~~ '<.11"" ~"..{~i1l._w .. 'j,f,;~ (16) Enter Total Prior Year Ad Valorem Proceeds of ALL DEPENDENT Special Districts and 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) divided by (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, and MSTU's if any. Line (11) x Line (4) (21) Current Year Proposed Aggregate Millage Rate: (20) divided by (4) (22) Current Year Proposed Rate as a PERCENT CHANGE of Rolled-back Rate: [(Line 21 divided by Line 18) - 1.00] x 100 Date, Time and Place of the first Public Budget Hearing: $ $ $ $ per $1,000 $ per $1,000 % 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, FS. WITNESS my hand and official signature at , Florida, this the day of ,20_ Signature of Chief Administrative Officer and Title Address of Physical Location Mailing Address Name of Contact Person City State Zip Phone # See Instructions on Reverse Side Fax # CITY OF WINTER SPRINGS CERTIFICATION OF TAXABLE VALUE 2003 TAX YEAR (FY 2004) AT POTENTIAL RATE OF 3.9362 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 ofT axing Authority 13 If Dependen1 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 1he 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)-l,OO)'100 Rolled back RATE is calc wlout new construction Rolled back TAXES $ includes all value - just at rolled back rate $1,326,856,368 prov by pa $39,627,566 $47,946 $1,366,531,880 $25,663,687 $101,017.40 $1.340,868,193 $1,266,969,110 4,1658 $5,277,940 @ 96% = $5,066,822 3,9362 same rev as Iy using adj tax value(no new const) 3.9362 municipality nla 0,000250 nla n1a 5,277,940 3.9362 $5,378,958 Diff of $101,018 $5,378,943 @ 96% = 3.9362 (0.00) $5,163,785 CITY OF WINTER SPRINGS CERTIFICATION OF TAXABLE VALUE 2003 TAX YEAR (FY 2004) AT CURRENT RATE OF 4.1658 1 Current Year Taxable Value of Real Properly for Operating Purposes 2 Current Year Taxable Value of Personal Properly for Operating Purposes 3 Current Year Taxable Value of Centrally Assessed Properly 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 Fonn DR-403) $1,326,856,368 prov by pa $39,627,566 $47,946 $1,366,531,880 $25,663,687 $101,017.40 $1,340,868,193 $1,266,969,110 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 4,1658 $5,277,940 @ 96% = $5,066,822 3,9362 same rev as Iy using adj tax value(no new const) 4,1658 municipality nla 0,000250 nla nla 5,277,940 3,9362 $5,378,958 Diff of $101,018 $5,692,699 96% 4,1658 5,83 $5,464,991 CITY OF WINTER SPRINGS CERTIFICATION OF TAXABLE VALUE 2003 TAX YEAR (FY 2004) AT POTENTIAL RATE OF 4.3196 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 Curren1 Year Gross Taxable Value for Operating Purposes (1+2+3) 5 Curren1 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 Vo1ed 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 Curren1 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 $1,326,856,368 prov by pa $39,627,566 $47,946 $1,366,531,880 $25.663,687 $101,017.40 $1,340,868,193 $1,266,969,110 4,1658 $5,277,940 @ 96% = $5,066,822 3,9362 same rev as Iy using adj tax value(no new const) 4.3196 municipality n1a 0,000250 n1a n/a 5,277,940 3,9362 $5,378,958 Diff of $101.018 $5,902,871 @ 96% = 4.3196 9.74 $5,666,756 CITY OF WINTER SPRINGS CERTIFICATION OF TAXABLE VALUE 2003 TAX YEAR (FY 2004) AT POTENTIAL RATE OF 4.4196 (4.3196+.1000) 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 Curren1 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 Curren1 Year Rolled-Back Rate (9/6) 11 Current Year Proposed Operating Millage Rate 12 Type of Taxing Authority 13 If Dependent Special Distric1 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 wlou1 new construction Rolled back TAXES $ includes all value - just at rolled back rate $1,326.856.368 prov by pa $39.627.566 $47.946 $1,366.531,880 $25,663.687 $101.017.40 $1.340.868,193 $1,266.969.110 4,1658 $5,277,940 @ 96% = $5.066,822 3,9362 same rev as Iy using adj tax value(no new const) 4.4196 municipality nla 0,000250 n1a nla 5.277.940 3,9362 . $5.378,958 Dillof $101.018 $6,039,524 @ 96% = 4.4196 12.28 $5,797,943 CITY OF WINTER SPRINGS CERTIFICATION OF TAXABLE VALUE 2003 TAX YEAR (FY 2004) AT POTENTIAL RATE OF 4.5696 (4.3196+.2500) 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) $1,326,856,368 prov by pa $39,627,566 $47,946 $1,366,531,880 $25,663,687 $101,017.40 $1,340,868,193 $1,266,969,110 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 Ra1e (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 wlout new construction Rolled back TAXES $ includes all value - just at rolled back rate 4,1658 $5,277,940 @ 96% = $5,066,822 3,9362 same rev as Iy using adj tax value(no new const) 4,5696 municipality nla 0,000250 n1a n1a 5,277,940 3,9362 $5,378,958 Diff of $101,018 $6,244,504 @ 96% = 4.5696 16,09 $5,994,724 CITY OF WINTER SPRINGS CERTIFICATION OF TAXABLE VALUE 2003 TAX YEAR (FY 2004) AT POTENTIAL RATE OF 4.8196 (4.3126+.5000) 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 Deb1 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 Aggrega1e 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 $1.326,856,368 prov by pa $39,627,566 $47,946 $1,366,531,880 $25,663,687 $101,017.40 $1,340,868,193 $1,266,969,110 4,1658 $5,277,940 @ 96% = $5,066,822 3,9362 same rev as Iy using adj tax value(no new const) 4.8196 municipality n1a 0.000250 n1a n1a 5,277 ,940 3,9362 $5,378,958 Dif! of $101,018 $6,586,137 @96'1'0 = 4.8196 22.44 $6,322,692 CITY OF WINTER SPRINGS CERTIFICATION OF TAXABLE VALUE 2003 TAX YEAR (FY 2004) AT POTENTIAL RATE OF 5.0696 (4.3196+.7500) 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 Fonn 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 En1er 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 wlou1 new construction Rolled back TAXES $ includes all value - Just at rolled back rate $1,326,856,368 prov by pa $39,627,566 $47,946 $1,366,531,880 $25,663,687 $101,017.40 $1,340,868,193 $1,266,969,110 4.1658 $5,277,940 @ 96% = $5,066,822 3,9362 same rev as Iy using adj tax value(no new const) 5.0696 municipality n1a 0,000250 n1a n1a 5,277 ,940 3.9362 $5,378,958 Diff of $101,018 $6,927,770 @ 96% = 5,0696 28.79 $6,650,659 CITY OF WINTER SPRINGS CERTIFICATION OF TAXABLE VALUE 2003 TAX YEAR (FY 2004) AT POTENTIAL RATE OF 5.3196 (4.3196+1.0000) 1 Current Year Taxable Value of Real Property for Opera1ing 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 Ra1e (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 :lil,326,856,368 prov by pa $39,627,566 $47,946 $1,366,531,880 $25,663,687 $101,017.40 $1,340,866,193 $1,266,969,110 4,1658 $5,277,940 @ 96% = $5,066,822 3,9362 same rev as Iy using adj tax value(no new canst) 5.3196 municipality nla 0,000250 nla nla 5,277,940 3.9362 $5,378,958 Diff of $101,018 $7,269,403 @ 96% = 5.3196 35.15 $6,978,627