NOTICE TO TAXPAYERS OF THE MILFORD PUBLIC LIBRARY Notice is hereby given to the taxpayers of the Milford Public Library of Kosciusko County, Indiana, that the Library Board will meet at the Milford Public Library on May 4, 2009 at 5:00 pm for the purpose of considering a proposal to establish a Library Capital Projects Fund and a proposed plan under IC 36-12-2. The following is a general outline of the proposed plan: CURRENT EXPENDITURES: 2010 2011 2012 (1) Planned construction, repair, replacement, or remodeling 0 0 0 (2) Acquisition of real property 0 0 0 (3) Site development 0 0 0 (4) Emergency Allocation 3,000 3,000 3,000 (5) Purchase, lease, repair and maintenance of equipment 10,000 10,000 10,000 (6) Purchase, lease, repair, and maintenance of computer hardware and computer software 17,000 17,000 17,000 SUBTOTAL CURRENT EXPENDITURES 30,000 30,000 30,000 (7) Allocation for future projects (cumulative totals) 87,439 58,039 28,539 TOTAL EXPENDITURES AND ALLOCATIONS 117,439 88,039 58,539 SOURCES AND ESTIMATES OF REVENUE: (1) January 1 Cash balance (for each year of plan) 116,839 87,439 58,039 (2) Less encumbered appropriations 0 0 0 (3) Cash balance available for current plan {(1) minus (2)} 116,839 87,439 58,039 (4) Plus Property Tax Revenue 0 0 0 (5) Plus Auto Excise CVET and Financial Institutions Tax Receipts 0 0 0 (6) Plus Other Revenue 600 600 500 TOTAL FUNDS AVAILABLE FOR PLAN 117,439 88,039 58,539 Based on an assessed valuation of 246,912,726 246,912,726 246,912,726 The projected tax rate for the library Capital Projects fund will be 0 0 0 Taxpayers are invited to attend the meeting for a more detailed explanation of the plan and to exercise their rights to be heard on the proposal. Rex Miller, President Robert Bowerman, Vice President Charlotte Siegfried, Treasurer Angel Hardy, Secretary Margaret Cousins Ann Schlabach Jodi Brown a21 [[In-content Ad]]
