NOTICE OF ADOPTION NOTICE TO TAXPAYERS OF MILFORD PUBLIC LIBRARY Notice is hereby given to the taxpayers of the Milford Public Library, of Kosciusko County, 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 EXPENDITURE 2009 2010 2011 (1) Planned construction, repair, replacement, or remodeling 0 0 0 (2) Site acquisition 0 0 0 (3) Site development 0 0 0 (4) Emergency allocation 3,000 3,000 3,000 (5) Purchase, lease, repair, and maint. of equipment 10,000 10,000 10,000 (6) Purchase, lease, maintenance & repair of computer hardware & software 17,000 17,000 17,000 SUBTOTAL CURRENT EXPENDITURES 30,000 30,000 30,000 (7) Allocation for future projects 83,221 54,421 25,421 TOTAL EXPENDITURES AND ALLOCATIONS 113,221 84,421 55,421 SOURCES AND ESTIMATES OF REVENUE: January 1, Cash balance (for each year of the plan) 112,021 83,221 54,421 Less encumbered apropriations 0 0 0 Cash balance available for current plan 112,021 83,221 54,421 Property tax revenue 0 0 0 Auto excise, CVET and Financial Institutions tax receipts 0 0 0 Other (Interest) 1,200 1,200 1,000 TOTAL FUNDS AVAILABLE FOR PLAN 113,221 84,421 55,421 The projected tax rate for the Library Capital Projects Fund 0.0000 0.0000 0.0000 The projected tax rate is based upon an estimated assessed value of 276,000,000 276,000,000 276,000,000 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. Dated this 19th day of June, 2008 DEPARTMENT OF LOCAL GOVERNMENT FINANCE Timothy J. Rusenberg, General Counsel j30 [[In-content Ad]]
