HomeMy WebLinkAboutSummary FormJUL-16-2008 11:54
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FILE ID:
Date: 2/j5/2008
AGENDA ITEM SUMMAKT Mu! RE.18
0—GoV
Requesting Department: °SPEY
Commission Meeting Date: 2/.21/2008 District Impacted:
Type: ® Resolution ❑ Ordinance 0 Emergency Ordinance 0 Discussion Item
0 Other
Subject: Setting FY 2008-2009 Millage Rate Can
Purpose of Item:
To establish millage rate caps for the fiscal year ending September 30, 2009 ("FY09") at,
General Operating: 7.6740
Debt Service: 0.5803
Total Millage: 8.2543
Background Information:
Alommumosemer
The proposed FY09 millage rates for the City of Miami (General Operating and Debt Service) are
outlined below:
General Operating - The proposed FY09 millage rate for the City of Miami is 7.6740, which is higher
than the current ficat year by 0.3741 mills or 5.12%.
Debt Service - The proposed FY08 debt service millage rate for the City of Miami is .5803, which is
lower than the current fiscal year by 0.0027 mills or 0.47%.
Budget Impact Anaivsla
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:
CIA Project No:
NO Is this item funded by Homeland Defense/Neighborhood Improvement Bonds?
Start Up Capital Cost:
Maintenance Cost:
Total Fiscal Impact:
Final Approvals
JSJGN AND DATE).
CIF Budget
If using or rcceieing capital fends
Grants
` X% Qt.... ., 1, litotes
Risk Management
Purchasing %� Dept. Director
Chief 41/g 06 City Manager
TOTAL P.02