NOTICE TO TAXPAYERS OF WARSAW COMMUNITY PUBLIC LIBRARY Notice is hereby given to the taxpayers of Warsaw Community 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 EXPENDITURES: 2009 2010 2011 (1) Planned construction, repair, replacement, or remodeling 161,516 91,390 103,084 (2) Site acquisition 0 0 0 (3) Site development 50,000 0 0 (4) Emergency Allocation 48,000 49,000 50,000 (5) Purchase, lease, repair and maintenance of equipment 11,500 11,500 12,000 (6) Purchase, lease, repair, and maintenance of computer hardware and software 125,500 90,000 90,000 Subtotal Current Expenditures 396,516 241,890 255,084 (7) Allocation for future projects 0 0 0 TOTAL EXPENDITURES AND ALLOCATIONS 396,516 241,890 255,084 SOURCES AND ESTIMATES OF REVENUE: January 1, Cash Balance (for each year of the plan) 199,895 Less encumbered appropriations 31,607 Cash Balance Available For Current Plan 168,288 Property Tax Revenue 213,228 223,890 235,084 Auto excise, CVET and Financial Institutions tax receipts 15,000 18,000 20,000 Other (Interest) 0 0 0 Total Funds Available For Plan 396,516 241,890 255,084 The projected tax rate for the Library Capital Projects Fund 0.0133 0.0133 0.0133 The projected tax rate is based uon an estimated assessed value of 1,603,220,530 1,683,381,557 1,767,550,634 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 2nd day of June, 2008. DEPARTMENT OF LOCAL GOVERNMENT FINANCE Timothy J. Rushenberg, General Counsel j25 [[In-content Ad]]
