CEPD approves final millage rate and budget
The Captiva Erosion Prevention District’s commission recently adopted the final millage rate and budget for fiscal year 2023-24 at its second and final budget hearing.
On Sept. 19, the commissioners voted 3-0 to approve an operating rate of 0.3511 mills — which is equal to the rolled-back rate of 0.3511 and lower than the current year’s millage rate of 0.3919.
The commission also voted 3-0 to approve a final budget of $602,152 for the new year.
The Lee County Property Appraiser’s Office certified that the gross taxable value for operating purposes not exempt from taxation within Lee County to the CEPD as $1,715,045,280.
Using the 0.3511 mills, the General Fund’s total income — including ad valorem tax, early payment discount, interest and other — will be about $603,066. Total expenditures would come to $388,950 and is broken down by $101,500 for administrative expenses, $148,000 for wages, $35,000 for professional fees and $20,000 for the cost of collecting taxes, plus a transfer of $84,450 of the operating reserves.
Income and expenses will result in a projected net income of about $214,116 for the fund.
Secretary Linda Laird and Commissioner Rene Miville were absent for the hearing.
To reach TIFFANY REPECKI / trepecki@breezenewspapers.com, please email