HomeMy WebLinkAboutSummary Form 7-22-10AGENDA ITEM SUMMARY FORM
FILE ID: 164 -00;�
Date: 7/7/2010 Requesting Department: OSPBP
Law Department
Commission Meeting Date: 7/8/2010 District Impacted: All Matter ID No.
Type: ® Resolution ❑ Ordinance ❑ Emergency Ordinance ❑ Discussion Item
❑ Other
Subject: Setting FY 2010-2011 Millage Cap
Purpose of Item:
To establish millage rate caps for the fiscal year ending September 30, 2011 (FY' 11) at:
General Operating: 7.6740
Debt Service: 0.9701
Total Millage: 8.6441
Background Information:
The proposed FY 2010-2011 millage rates for the City of Miami (General Operating and Debt
Service) are outlined below:
General Operating —The proposed FY 2010-2011 millage rate for the City of Miami is 7.6740 which
is equal to the current fiscal year.
Debt Service —The proposed FY 2010-2011 millage rate for the City of Miami is .9701 which is
higher than the current fiscal year by .3106 or 47.1 %.
Budget Impact Analysis
YES Is this item related to revenue?
NO Is this item an expenditure? If so, please identify funding source below.
General Account No:
Special Revenue Account No:
CIP Project No.-
NO
o:NO Is this item funded by Homeland Defense/Neighborhood Improvement Bonds?
Start Up Capital Cost:
Maintenance Cost:
Total Fiscal Impact:
CIP
If using or receiving capital funds
Grants
Purchasing
Final A rova
S E
Budget
Risk Management')
Dept. Director
Chief City Manager
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