Continuously serving Kosciusko County since 1854
NOTICE OF ADOPTION
Notice is hereby given to the taxpayers of Tippecanoe Valley School Corporation of Kosciusko and F ulton Counties, Indiana, that the Board of School Trustees has established a Capital Projects Fund and adopted a plan under I.C. 21-2-15 on
the 14th day of September, 2009. The following is a general outline of the proposed plan:
| CURRENT EXPENDITURE | 2010 | 2011 | 2012 |
|---|---|---|---|
| (1) Land Acquisition and Development | 0 | 0 | 0 |
| (2) Professional Services | 0 | 0 | 0 |
| (3) Education Specifications Development | 0 | 0 | 0 |
| (4) Building Acquisition, Construction and Improvements | 403,300 | 476,200 | 446,200 |
| (5) Rental of Buildings, Grounds & Equipment | 0 | 0 | 0 |
| (6) Purchase of Mobile or Fixed Equipment | 115,900 | 67,000 | 111,500 |
| (7) Emergency Allocation | 600,000 | 650,000 | 700,000 |
| (8) Utility Services | 413,474 | 413,474 | 413,474 |
| (9) Maintenance of Equipment | 80,000 | 75,500 | 75,500 |
| 10) School Sports Facilities | 8,000 | 0 | 0 |
| (11) Property or Casualty Insurance | |||
| (12) Other Staff Services | 0 | 0 | 0 |
| (13) Technology | |||
| Instruction-Related Technology | 22300 | ||
| Administration Tech Services | 25800 548,500 | 593,800 | 544,300 |
| SUBTOTAL CURRENT EXPENDITURES | 2,168,174 | 2,275,974 | 2,290,974 |
| (14) Allocations For Future Projects (Cum. Totals) | 300,000 | 350,000 | 350,000 |
| (15) Transfer To Repair & Replacement Fund | |||
| (16) Interest Transfer To General Fund | 0 | 0 | 0 |
| TOTAL EXPENDITURES AND ALLOCATIONS | 2,469,174 | 2,625,975 | 2,640,974 |
| SOURCES AND ESTIMATES OF REVENUE: | |||
| (1) Projected January 1, Cash Balance | 691,321 | ||
| (2) Less Encumbrances Carried Forward From Previous Year | 250,000 | 0 | 0 |
| (3) Estimated Cash Balance Avail. For Plan (line 1- Line 2) | 441,321 | 0 | 0 |
| (4) Property Tax Revenue | 1,896,822 | 2,505,974 | 2,570,974 |
| (5) Auto Excise CVET and FIT Receipts | 131,031 | 120,000 | 120,000 |
| (6) Other Revenue (Interest Income) | |||
| TOTAL FUNDS AVAILABLE FOR PLAN(Add Lines 3,4,5,6) | 2,469,174 | 2,625,974 | 2,690,974 |
| Estimated Property Tax Rate to Fund Plan: | 0.5219 | 0.6866 | 0.6949 |
| Based On an Assessed Valuation Of: | 363,458,237 | 365,000,000 | 370,000,000 |
This notice includes allocations for the years 2010, 2011, and 2012 for the following construction p rojects: Building Allocation 2010 Allocation 2011 Allocation 2012 Tippecanoe Valley High School 300,000 350,000 400,000 Allocations as specified will be duly subject to objection during the period stated in this Notice o f Adoption. TO BE PUBLISHED IN THE YEARS AFTER THE FIRST YEAR This notice includes allocations for the year 2007, 2008, and 2009 for the following construction pr ojects, which have previously been subject to the taxayers objections. Project - Location Allocation 2007 Allocation 2008 Allocation 2009 Tippecanoe Valley High School 150,000 200,000 250,000 Allocations as specified above are not eligible to be contested by the objection during the period s tatted in this Notice of Adiption.
Ten (10) or more taxpayers in the school corporation who will be affected by the plan may file a pet ition with the County Auditor of Kosciusko or Fulton County, not later than ten (10) days after the publication of this no tice, setting forth their objec tions to the plan. Upon filing of the petition, the County Auditor shall immediately certify the sam e 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. Dave O’Brien, President Hal Hoffman, Vice President Mark Wise, Secretary Rod Eaton Bryan Murphy s18
