HomeMy WebLinkAboutDocumentation_Regular_Tab 06_07/10/20081 7' ~'
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1. VILLAGE COUNCIL MEETING:
VILLAGE OF TEQUESTA
AGENDA ITEM TRANSMITTAL FORM
Meeting Date:
July 10, 2008 Meeting Type: Regular Ordinance #:
Consent Agenda: No Resolution N/A
Originating Department: Finance
2. AGENDA ITEM TITLE: (Wording form the SUBJECT line of your staff report)
Set proposed ad valorem millage rate for the 2008-2009 budget.
Set date for the first public budget hearing.
3. BUDGET /FINANCIAL IMPACT:
Account N/A Amount of this item N/A
Current Budgeted Amount Available:
N/A Amount Remaining after item:
N/A
Budget Transfer Required: No Appropriate Fund Balance:
4. EXECUTIVE SUMMARY OF MAJOR ISSUES: (This is a snap shot description of the agenda item)
Set proposed ad valorem millage rate for the 2008-2009 budget.
Set Date for the first public budget hearing.
5. APPROVALS:
Dept. Head: JoAnn Forsvthe Finance Director: JoAnn Forsvthe
Attorney: (for legal sufficiency) Yes ^ No ^
Village Manager. ~~ `'
SUBMIT FOR COUNCIL DISCUSSION: ^
APPROVE ITEM:
DENY ITEM: ^
MEMORANDUM
FINANCE DEPARTMENT
DATE: JUNE 30, 2008
TO: MICHAEL R. COUZZO, VILLAGE MANAGER
FROM: JOANN FORSYTHE, FINANCE DIRECTOR
RE: SET PROPOSED AD VALOREM MILEAGE RATE FOR F/Y/E 9/30/2009 AND
SET THE FIRST PUBLIC BUDGET HEARING DATE
Please add to the agenda July 10, 2008 Regular Meeting of the Village Council the following.
1. Set proposed ad valorem millage rate for the 2008-2009 budget
2. Set the first public budget hearing date.
a. Board of County Commissioners has set their dates as September 8~ and September 22,
2008.
b. School Board has set tentative dates as July 30~ and September 10, 2008
Per your request, I have prepared FORM DR-420 Certi cak'on of Taxable TIa using the current millage
rate of 5.7671.
7/1/088:55 AM
FOR DOR USE ONLY
TA:~ i CERTIFICATION OF TAXABLE VALUE
Levy:
Year 2008
Principal Authority Tequesta
SECTION I: COMPLETED BY PROPERTY APPRAISER
Taxing Authority Tequesta
DR-4Y0
R.06/08
Rule 12DER08-18
Florida Administrative Code
Effective O6/08
Current year taxable value of real property for operating purposes
910,653,941 (1)
20,173,546 (2)
480,230 (3)
931,307,717 (4
- -----~
2. Current year taxable value of personal property for operating purposes
3. !Current year taxable value of centrally assessed property for operating purposes '
i
-- ~ $
4 urrent year gross taxable value for operatin - " --
(Erne 1 plus Line 2 plus Line 3) g purposes $
5 Current year net new taxable value --
(Add new construction, additions, rehabilitative improvements increasing assessed
value by at least 100%, annexations, and tangible personal property value in excess of
115% of the previous year's value. Subtract deletions.)
6. j Current year adjusted taxable value (Line 4 minus Line 5)
Prior year FINAL gross taxable value
7.1 (From prior year applicable Form DR-403 series)
8 Enter number of tax increment value worksheets (DR-420TIF) attached
(If none, enter 0)
9 Does the taxing authority levy a voted debt service millage or a millage voted for 2 years or less
under s. 9(b), Article VII, State Constitution?
(If yes, complete and attach form DR-420 VMA, Voted Millage Addendum.)
10. Information for maximum millage calculation: Current year gross taxable
value for operating purposes without the impact of Amendment 1
$ 13,893,449 (5)
$ 917,414,268 (g)
$ 1,016,766,767 (7)
0 (8)
Yes _~ ,~ No [X-' (g)
---
~ .. ~r~• •~ ~r+t+r arser ~.ersrncatron
lL I.
W ~~~r ~~~~ ~a~aoie vawes snown above are correct to the best of my knowledge. -
s
Z signature of Property Appraiser .Date 06/27/2008
___ ~ ~
ECTION 11: COMPLETED BY TAXING AUTHORITY
If this portion of the form is not completed in FULL your authority will be denied TRIM certification and possibly lose its mills a le
for the tax year. If any line is inapplicable, enter N/A or -0-. 9 vy privilege ~
------. I
riot year operating millage levy
~ $ Jr~ 7~0 "7~ Per $1,000 (11) j
12. Prior year ad valorem proceeds (Line 7 multiplied by Line 11)
13.E Amount, if any, paid or applied in prior year as a consequence of an obligation measured by a
dedicated increment value
~ (Sum of either line Line 6c or Line 7a for all DR-420TIF forms)
1
'1
Adjusted prior year ad valorem proceeds (Line 12 minus Line 13)
Dedicated increment value, if any -"--
(Sum of either Line 6b or Line 7e for all DR-420TIF forms)
Adjusted current year taxable value (Line 6 minus Line 15)
Current year rolled-back rate (Line 14 divided by Line 16, multiplied by 1,000)
$ G , ~ ~f'/ ~ per $1,000 (17)
,County PALM BEACH
983,311,932 (10)
(12)
$ o
(13)
$ S, ~o~, 7Rr~ (14)
' $ t~ (15)
$ q i 7, ~~~', ~ ~~ (,s)
- --_ _ _-i-----------._. _...... -----
CONTINUED ON PAGE 2
DR-420
R.06/08
Page 2
(,SECTION II: COMPLETED BY TAXING AUTHORITY -CONTINUED FROM PAGE 1
18. ---
Current year proposed operating millage rate - ~
$
~, '7 ~ ~ 1 per $1,000 (18)
19, Total taxes to be levied at proposed millage rate $ .5~ 3 7~~ 9 tf S (19)
(Line 18 multplied by Line 4, divided by 1,000)
20, Check TYPE of principal authority (check one) ~ County ~ Independent Special Distrid (20)
'Municipality [~ Water Management District it
21. Check applicable taxing authority (check one) ~ Principal Authority (] Dependent Special District
t Dl
id B
i
t (21)
,
~' MSTU r
as
n
s
~ Water Managemen ~
-
i 22 --
- _ __,-_ `
t Is millage levied in more than one county? (check one) ^ Yes '~ No (22) ',
;DEPENDENT SPECIAL DISTRICTS AND MSTUs: ® STOP HERE -SIGN AND SUBMIT
23 ~ Enter the total adjusted prior year ad valorem proceeds of the principal authority,
ill $ ~~ ~~ 3
•~ C~(o (23)
age.
all dependent special districts, and MSTUs levying a m '
~ (The sum of Line 14 from all Form DR-420 forms.)
' 24.E Current year aggregate rolled-back rate
(Line 23 divided by Line 16, multiplied by 1,000) $ / ~ rj i ~ per $1,000 (24) ~
~
25.~ Current year aggregate rolled-back taxes $ ~"~ 9 s~ ~ ~ 7 D (25)
'
(Line 4 multipled by Line 24, divided by 1,000)
26.j Enter total of all operating ad valorem taxes proposed to be levied by the
'. principal taxing authority, aN dependent districts, and MSTUs, if any.
$
S~ 3 7t7 ~ 9 ys
(26)
(Total of Line 19 from ail DR-420 forms.) ~
~---1 ----------------------------- ---
27, Current year proposed aggregate millage rate
~ er $1,000
--- - l---- -
I (Line 26 divided by Line 4, multiplied by 1,000)
-i----- - - --~---
~ °~ (28) ';
- 9
128.; Current year proposed rate as a percent change of rolled-back rate ,
!, (Line 27 divided by Line 24, minus 1, multiplied by 100)
Place
Date Time
I First public budget hearing
Taxing Authority Certification
~~ I 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
i 200.081, F.S. -_. __,
j-- -- ------------------------__--------~..----- -- ------------ ------------- -~-------
ua ,Signature of Chief Administrative Ofticer i Date --
Z Tide ' r ~ Physical Address
N U~LLr3to~ rn ~l}!~'~`/~. 315 I~QwriST-~ Q2~J!~
Mailing Address
'I City, State, ZIP /~ u,R 5 ~ ~ ~ ~
Name of Contad Person
Phone # Fax #
~~a~- s~.c- ~ ~~a S7oL-S~S- 6
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