Hillsborough County Public Schools Business
Action Item

DATE: Tuesday, July 20, 2010
TO: School Board Members
FROM: MaryEllen Elia, Superintendent

SUBJECT / RECOMMENDATIONS

Approve the Advertisement Framework for the Fiscal Year 2010/11 Proposed Millage Rates, Tentative Budget, Notice of Tax Increase, and Notice of Tax for School Capital Outlay on Saturday, July 24, 2010, and Allow Staff to Make Modifications as Updated Information is Received (Business Division)

EXECUTIVE SUMMARY

Per Section 200.065, Florida Statutes, the Superintendent is required to submit a tentative budget to the Board no later than the 24th day of TRIM (Truth in Millage).

The Department of Education released the Florida Education Finance Program Second Calculation late Friday afternoon (7/16/2010). Within this release, the statewide numbers changed due to the Department of Revenue certifying the 2010 tax roll. (See attached revised attachments.)

ANNUAL DISTRICT GOAL(S) AND CRITICAL SUCCESS FACTOR(S)

* Demonstrate best financial practices

FINANCIAL IMPACT (Budgeted: Yes)

EVALUATION

SUBMITTED BY:

Susan Garcia
Manager of Services and Support, Budget
(813) 272-4064
Gretchen Saunders
Chief Business Officer
(813) 272-4270
A 5.19R
Hillsborough County Public Schools (Florida) * Mtg.#20100720_415 * Section A Item# 5.19R