HomeMy WebLinkAboutSummary Form SR/FRAGENDA ITEM SUMMARY FORM
FILE ID: Q "2— Q /6 �(c3
Date: 8/21/2007 Requesting Department: OSPBP
Commission Meeting Date: 9/11/2007 District Impacted:
Type: n Resolution ® Ordinance n Emergency Ordinance n Discussion Item
❑ Other
Subject: Establishing FY 2007-2008 Millage Rate
Purpose of Item:
To establish millage rates for the fiscal year ending September 30, 2008 ("FY08") at:
General Operating: 7.2999
Debt Service: 0.5776
Total Millage: 7.8775
Background Information:
The proposed FY08 millage rates for the City of Miami (General Operating and Debt Service) are
outlined below:
General Operating - The proposed FY08 millage rate for the City of Miami is 7.2999, which is lower
than the current fical year rate by 1.0746 or 12.83%. This proposed rate is equal to the rolled back
rate.
Debt Service - The proposed FY07 debt service millage rate for the City of Miami is 0.5776, which is
lower than the current fiscal year by .0434 mills or 6.99%.
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 t� `��+► "m�►---j- ai
If usin/1 or receiving capital funds
Grants Risk Management
Purchasing Dept. Director
Chief „Gm City Manager