§ 102-202. Distribution of surtax proceeds.

(a)

Reimbursement. The surtax proceeds shall be distributed by the state department of revenue (department) on a monthly basis pursuant to a formula which shall provide for the district to receive surtax proceeds in an amount equal to 1/12 of the annual amount of the half mill reduction in capital outlay school property tax millage less estimated discounts applicable to property taxes (the "reimbursement"). The monthly amount shall be calculated as follows:

(1)

For purposes of preparing annual budgets the reimbursement will equal the amount shown on line 4, "current year gross taxable value for operating purposes," of form DR-420 prepared by the property appraiser's office of the county for county-wide school property tax multiplied by 0.5 divided by 1,000 and multiplied by 0.9665. The reimbursement will be divided by 12 to determine the monthly amount. It shall be the responsibility of the district to provide a copy of the form DR-420 to the county no later than July 15 each year. It shall be the responsibility of the county to notify the district and the municipalities of the estimated amounts resulting from the calculations no later than July 31 each year.

(2)

For purposes of notifying the department each year the reimbursement will equal the amount shown on line 2, "final current year gross taxable value," of form DR-422 prepared by the property appraiser's office of the county for county-wide school property tax multiplied by 0.5 divided by 1,000 and multiplied by 0.9665. The reimbursement will be divided by 12 to determine the monthly amount. It shall be the responsibility of the district to provide a copy of the form DR-422 to the county no later than October 15 each year. It shall be the responsibility of the county to notify the district and the municipalities of the amounts resulting from the calculations. The county will notify the department prior to October 31 of each year such that the monthly amount will be in effect for the disbursements representing the following January through December collections.

The amount of the reimbursement shall be included in the annual district budget and annually certified to the county on or before October 1 beginning in the year 2004 and on or before each subsequent October 1 for the duration of the effectiveness of the surtax.

(b)

Remaining surtax proceeds-percentages. The remaining surtax proceeds shall be those surtax proceeds remaining after the monthly reimbursement amount is determined and subtracted from the monthly surtax proceeds. In accordance with F.S. § 212.055(2)(c), the remaining surtax proceeds shall be divided among and distributed on a monthly basis by the department to the county, the municipalities, and the district in the following percentages which shall also be set forth in the interlocal agreement, as amended:

Recipient	Share of Proceeds
Pasco County	45.00%
City of Dade City	1.68%
City of New Port Richey	4.24%
City of Port Richey	.81%
City of San Antonio	.19%
City of St. Leo	.17%
City of Zephyrhills	2.91%
Pasco District School Board	45.00%

 

(c)

The distribution percentages listed in (b) above shall remain in effect from January 1, 2005 through December 31, 2014. However, subsequent to March 9, 2004, and throughout the duration of the levy of the surtax, the parties to this interlocal agreement, who are existing municipalities, may meet and each agree in writing to a redistribution of the ten percent of the surtax proceeds. In such an event this article and the interlocal agreement shall be amended to reflect said revision to the distribution of the municipalities' portion of the ten percent. Should the municipalities fail to notify the county of any change to the distribution on or before July 1, of the year preceding the effective year of the redistribution, the distribution percentages shall remain unchanged. Prior to its effectiveness, written notice of any change to the distribution shall be given by the county to the department as required by F.S. § 212.055(2).

(Ord. No. 03-39, § 3, 12-16-03)