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�l 1� DEPARTMENT Of RF.VENUF MAXIMUM MILLAGE LEVY CALCULATION PRELIMINARY DISCLOSURE For municipal governments, counties, and special districts DR- 420MM -P R. 5/12 Rule 12D- 16.002 Florida Administrative Code Provisional Year: 2012 County: MIAMI -DADE Principal Authority : CITY OF SUNNY ISLES BEACH Taxing Authority: CITY OF SUNNY ISLES BEACH 1 Is your taxing authority a municipality or independent special district that has levied ad valorem taxes for less than 5 years? ❑ Yes No (1) IF YES, D STOP HERE. SIGN AND SUBMIT. You are not subject to a millage limitation. 2. Current year rolled -back rate from Current Year Form DR -420, Line 16 2.6372 per $1,000 (2) 3. Prior year maximum millage rate with a majority vote from 2011 Form DR- 420MM, Line 13 3.2973 per $1,000 (3) 4. Prior year operating millage rate from Current Year Form DR -420, Line 10 2.8860 per $1,000 (4) If Line 4 is equal to or greater than Line 3, skip to Line 11. If less, continue to Line 5. Adjust rolled -back rate based on prior year majority -vote maximum millage rate 5. Prior year final gross taxable value from Current Year Form DR -420, Line 7 $ 5,651,077,387 (5) 6 Prior year maximum ad valorem proceeds with majority vote (Line 3 multiplied by Line 5 divided by 1,000) $ 18,633,297 (6) 7 Amount, if any, paid or applied in prior year as a consequence of an obligation measured by a dedicated increment value from Current Year Form DR -420 Line 12 $ 0 (7) 8. Adjusted prior year ad valorem proceeds with majority vote (Line 6 minus Line 7) $ 18,633,297 (8) 9. Adjusted current year taxable value from Current Year form DR -420 Line 15 $ 6,184,144,720 (9) 10. Adjusted current year rolled -back rate (line 8 divided by Line 9, multiplied by 1,000) 3.0131 per $1,000 (10) Calculate maximum millage levy 11. Rolled -back rate to be used for maximum millage levy calculation (Enter Line 10 if adjusted or else enter Line 2) 3.0131 per $1,000 (11) 12. Change in per capita Florida personal income (See Line 12 Instructions) 1.0447 (12) 13. Majority vote maximum millage rate allowed (Line 11 multiplied by Line 12) 3.1478 per $1,000 (13) 14. Two - thirds vote maximum millage rate allowed (Multiply Line 13 by 1.10) 3.4626 per $1,000 (14) 15. Current year proposed millage rate 2.8000 per $1,000 (15) 16. Minimum vote required to levy proposed millage: (Check one) (16) a. Majority vote of the governing body: Check here, if Line 15 is less than or equal to Line 13. The maximum millage rate is equal to the majority vote maximum rate. Enter Line 13 on Line 17. b. Two - thirds vote of governing body: Check here if Line 15 is less than or equal to Line 14, but greater than Line 13. The El maximum millage rate is equal to proposed rate. Enter Line 15 on Line 17. c. Unanimous vote of the governing body, or 3/4 vote if nine members or more: Check here if Line 15 is greater than Line 14. El The maximum millage rate is equal to the proposed rate. Enter Line 15 on Line 17. ❑ d. Referendum: The maximum millage rate is equal to the proposed rate. Enter Line 15 on Line 17. 17 The selection on Line 16 allows a maximum millage rate of (Enter rate indicated by choice on Line 16) 3.1478 per $1,000 (17) 18. Current year gross taxable value from Current Year Form DR -420, Line 4 $ 6,258,284,331 (18) Continued on page 2