NOTICE TO TAXPAYERS OF BELL MEMORIAL PUBLIC LIBRARY Notice is hereby given to the taxpayers of Bell Memorial Public Library of Kosciusko, Indiana, that the governing body has established a Capital Projects Fund and adopted a plan under IC 36-12-12. The following is a general outline of the plan: CURRENT EXPENDITURES: 2009 2010 2011 1. Planned construction, repair, replacement, or remodeling 5,000 5,000 5,000 2. Acquisition Site 0 0 0 3. Site development 2,000 2,000 2,000 4. Emergency Allocation 2,000 2,000 2,000 5. Purchase, lease, repair and maintenance of equipment 10,000 10,000 10,000 6. Purchase, lease, maintenance & repair of computer hardware & software 10,000 10,000 10,000 SUBTOTAL CURRENT EXPENDITURE 29,000 29,000 29,000 7. Allocation for future projects 15,389 11,081 7,020 TOTAL EXPENDITURES AND ALLOCATIONS 44,389 40,081 36,020 SOURCES AND ESTIMATES OF REVENUE January 1, Cash balance (for each year of plan) 19,941 15,389 11,081 Less encumbered appropriations 0 0 0 Cash balance available for current plan 19,941 15,389 11,081 Plus Property Tax Revenue 22,197 22,419 22,643 Auto Excise, CVET and Financial Institutions Tax Receipts 2,251 2,273 2,296 Other Interest 0 0 0 TOTAL FUNDS AVAILABLE FOR PLAN 44,389 40,081 36,020 The estimated tax rate for the Library Capital Projects Fund 0.0133 0.0133 0.0133 The estimated tax rate is based upon an estimated assessed value of 166,895,311 168,564,264 170,249,907 Ten or more taxpayers in the Library District who will be affected by the plan may file a petition with the Kosciusko County, Auditor, not later than 10 days after the publication of this notice, setting forth their objections to the plan. Upon filing the petition, the County Auditor shall immediately certify the same to the Department of Local Government Finance, which Department will fix a date and conduct a public hearing on the plan before issuing its approval or disapproval thereof. DEPARTMENT OF LOCAL GOVERNMENT FINANCE Timothy J. Rushenberg, General Counsel Dated this 2nd day of June, 2008 j23 [[In-content Ad]]
