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Exh 8AAGENDA ITEM #8A JULY 25, 200 CITY OF ATLANTIC BEACH CITY COMMISSION MEETING STAFF REPORT AGENDA ITEM: Authorization for the City Manager to sign the Certification of Taxable Value form DR-420. SUBMITTED BY: Nelson Van Liere Finance Director DATE: July 14, 2005 BACKGROUND: Each year, the property appraiser sends to the City of Atlantic Beach the Certification of Taxable Value, Form DR-420. The City is required to send the form back to the property appraiser within 35 days indicating the millage rate that the City would like to have printed on the proposed tax bill sent to all property owners. It is the City's past practice to send the form to the property appraiser with the existing millage rate, allowing the Commission to either adopt the same rate or lower it after considering it in the budget workshops. The reason for doing this is that if the City notices the property owners of a lower millage rate and then after budget workshops decides to increase the millage, the City would then have to notify all property owners of the higher millage rate at the City's expense in the same manner as the original notices. The DR 420 also indicates to the property appraiser the date, time and place for our first public hearing on the proposed millage and budget. Our regularly scheduled city commission meeting on September 12~' does not~conflict with either the City of Jacksonville or the School Board and therefore we recommend that September 12`t' be the meeting at which we set the tentative millage rate. The final millage and budget would then be adopted at the next scheduled meeting on September 26, 2005. RECOMMENDATION: Authorize the City Manager to sign the DR 420 indicating the current millage rate and setting the date of our first public hearing on the millage rate and proposed budget for September 12th, 2005. ATTACIEIlYIENTS: Certification of Taxable Value, Form 420 REVIEWED BY CITY MANA • Certifiica~i~on ofi Taxable Value AGI:JNDA ITE)VT #sA SECTION 1 JULY 25, 2005 2005 Year To ATLANTIC BEACH (USD3) • (Name of Taxing Authority) DUVAL County (1) Current Year7axable Value of Real Property for Operating Purposes $ 1,161, 618, 982 (2} Current Year Taxable Value of Personal Property for Operating Purposes $ ~ 23, 772, 251 (3) Current Year Taxable Value of Centrally Assessed Property for Operating Purposes $ -0- (4) Current Year Gross Taxable Value for Operating Purposes (1) + (2) + (3) $ 1,185, 391, 233 • ~ (5) Current Year Net New Taxable Value (New Construction + Additions + Rehabilitative Improvements.IncreasingRssessed Value By At Least 100% +Annexations -Deletions) $ I8, 426, 333 (6) Current Year Adjusted Taxable Value (4) - (5) $ 1,166, 964, 900 (7) Prior Year Final Gross Taxable Value $. 1, 022, 068,128 . (From Prior Year Applicable Form DR-403 Series) I do hereby certify the values show herein to be correct to the best of my knowledge and belief. Witness my hand and official signature at Jacksonville ,Florida. this the 20th ay of June , 20 05 t~LL~--~t; (~~.t,~~ ' ature of Property Appraiser TAXING AUTHORITY: If this portion of the form is not completed in FULL your Authority will be denied TRIM certification and possibly lose ifs millage levy privilege for the tax year. If any line is inapplicable, enter NIA or -0-, SECTION !1 • - (8) Prior Year Operating Millage Levy $ 3.0394 per $1,000 • (9) Prior Year Ad Valorem Proceeds (7). x (8) $ 3,106, 474 (10) Current Year Rolled-Back Rate (9) divided by (6) $ 2.6620 per $1,000 11) Current Year Proposed Operating Mi(fage Rate $ a n~q~ per 51,000 12) Check TYPE of Taxing Authority: ~ County ~ Dependent District ~ Municipal Service Taxing Unit Municipality ~ Independent• ~ Multi-County ~ Water Management District Special Distract • {13) IF DEPENDENT SPECIAL DISTRICT OR MSTU IS MARKED, PLEASE SEE REVERSE SIDE. (14) Current Year Millage Levy for VOTED DEBT SERVICE $ per $1,000 (15) Current Yeac.Millage Levy for OTHER VOTED MILEAGE $ per $1,000 ~,.DEPENDENT.SPECI~ICDI~T~IGTS SKIP:^hnes'(~1 fi) through,;(22) "'.;;~ ~ ;," ~~.°' '~:1 ,, ,~ , a~';. ..~ ,,,".r ,_ ,, ~'"~ " `±~ : 14 (16) Enter Total Prior Year Ad Valorem Proceeds of ALL DEPENDENT Special Districts $ and MSTU's levying a millage. (The sum of Line (9) from each District's Form DR-420) (17) Total Prior Year Proceeds: (9)•+ (16) $ 3,106, 474 (18) The Current Year Aggregate Rolled-back Aate: (17) divided by (6) _ $ 2.6620 per $1,000 (19) Current Year Aggregate Rolled-back Taxes: (4) x (18) $ 3,155 , 511.46 • (20) Enter Total of all non-voted Ad Valorem Taxes proposed to be levied by the Principal $ 3 , 602 , 878.11 Taxing Authority, all Dependent Districts, and MSTU's if any. Line (11) x Line (4) (21) Current Year Proposed Aggregate Millage Rate: {20) divided by (4) $ 3.0394 per $1,000 (~~) Currant `faar Propcsad Rate as a PERCENT CHANGE of Rolled-back Rate: [(Line '?1 divided by Line 18} - 1.00] x 100 14. i77 Date, Time and Place of the first Public Budget Hearing: ~tatembPr 1 ~, ~0o~ 7.15 nom r; r~Hall • Commission Chambers, 800 Seminole Road, Atlan is Beach, F1 32233 I do hereby certify the millages and rates shown herein to be correct to the best of my knowledge and belief. FURTHER, {certify that all millages comply with the provisions of Section 200.071 or 200.081, F.S. WITNESS my hand and official signature at City of Atlantic Beach ,Florida, this the 25th day ofJuly 20Q5_ r'; +-v llanauPr 800 Seminole Road, Atlantic Beach Fl . Signature of Chief Administrative Officer and itte J Address of Physical Location . 800 Seminole Road Nelson Van Liere, Finance Director Mailing Address Name of Contact Person Atlantic Beach, Fl. 32233 (904) 247-5807 (904) 247-5877 City State Zp Phone # Fax # See Instructions on Reverse Side _._ _ .