HomeMy WebLinkAboutFR/SR Summary FormA -FFA AGENDA ITEM SUMMARY FORM
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Date: 8/30/2010 Requesting Department: Management & Budget
Commission Meeting Date: 9/14/2010 District Impacted: All Law Department
Type: ❑ Resolution ® Ordinance ❑ Emergency Ordinance ❑ Discussion Item Matter ID No.
❑ Other
Subject: Establishing FY 2010-2011 Millaae Rate
'urpose of Item:
To establish millage rate for the fiscal year ending September 30, 2011 ("FY11") at:
General Operating: 7.6740
Debt Service: 0.9701
Total Millage: 8.6441
Background Information:
The proposed FYI I millage rates for the City of Miami (General Operating and Debt Service) are
outlined below:
General Operating — The proposed FYI 1 millage rate for the City of Miami is 7.6740, which is equal
to the current fiscal year. This proposed rate is lower than the rolled back rate of 8.7154 by 11.95%.
Debt Service — The proposed FYI debt service millage rate for the City of Miami is 0.9701, which is
higher than the current fiscal year by 0.3106 mills 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 Is this item funded by Homeland Defense/Neighborhood Improvement Bonds?
Start Up Capital Cost:
Maintenance Cost:
Total Fiscal Impact:
Final Approvals
(SIGN AND DATE)
CIP Budget
If using or receiving capital funds
Grants Risk Management
Purchasing Dept. Director
Chief City Manager 4
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