HomeMy WebLinkAboutSummary FormAGENDA ITEM SUMMARY FORM
FILE ID: 11--0 5,Q
Date: 8/16/2011
Commission Meeting Date: 9/15/2011
Requesting Department: Management & Budget
District Impacted: All
Type: n Resolution ® Ordinance ❑ Emergency Ordinance Discussion Item
❑ Other
Subject: Establishing FY 2011-2012 Millage Rate
Purpose of Item:
Law Department
Matter ID No.
To establish millage rate for the fiscal year ending September 30, 2012 ("FY12") at:
General Operating: 7.5710
Debt Service:
0.9300
Total Millage: 8.5010
Background Information:
The proposed FY 2011- 2012 millage rates for the City of Miami (General Operating and Debt
Service) are outlined below:
General Operating — The proposed FY 2011-2012 millage rate for the City of Miami is 7.5710, which
is the rollback rate.
Debt Service — The proposed FY 2011-2012 debt service millage rate for the City of Miami is 0.9300,
which is lower than the current fiscal year by 0.0401 mills or 4.1%.
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 Or,_ ork
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