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Continuously serving Kosciusko County since 1854

WHITKO CPF ADOPTION

Posted
NOTICE OF ADOPTION

    Notice is given to taxpayers of Whitko Community School Corporation that the proper officers of Whitko Community School Corporation have established a Capital Projects Fund and adopted a plan under IC 20-46-6-5.                            Ten or more taxpayers in the school corporation who will be affected by the plan may file a petition with the County Auditor of Kosciusko / Whitley County, not later than ten (10) days after the publication of this notice, setting forth their objections to the plan.  Upon filing of the petition, the County Auditor shall immediately certify the same to the Department of Local Government Finance.  The Department will then fix a date and conduct a public hearing on the plan before issuing its approval, disapproval, or modification thereof.                        The following is a general outline of the adopted plan:    

EXPENDITURES:        2018    2019    2020

1)   Land Acquisition and Development     4100

2)   Professional Services    4300    35,000    35,000    35,000

3)   Education Specifications Development    4400

4)   Building Acquisition, Construction

      and Improvement    4510,4520,4530    1,020,000    1,030,000    1,040,000

5)   Rent of Buildings, Facilities and Equipment     4550

6)   Purchase of Mobile or Fixed Equipment     4700     450,500    454,000    448,000

7)   Emergency Allocation    4900    500,000    400,000    350,000

8)   Utilities    2620    384,351    384,351    384,351

9)   Maintenance of Equipment    2640    570,440    575,000    580,000

10) Sports Facility    4540

11)  Property or Casualty insurance    2670

12) Other Operation and Maintenance of Plant    2680

13) Technology                            Instruction-Related Technology    2230

    Admin Tech Services    2580

SUBTOTAL CURRENT EXPENDITURES        2,960,291    2,878,351    2,837,351

14) Allocation for Future Projects    

15) Transfer From One Fund to Another    6010

TOTAL EXPENDITURES, ALLOCATIONS & TRANSFERS        2,960,291    2,878,351    2,837,351

SOURCES AND ESTIMATES OF REVENUE:                        1)   Projected January 1 Cash Balance        78,270

2)   Less Encumbrances Carried Forward From Previous Year

3)   Estimated Cash Balance Available for

     Plan (Line 1 minus Line 2)         78,270         

4)   Property tax revenue        2,863,928    2,860,258    2,819,258

5)   Estimated Property Tax Cap Credits (show as a negative)    (113,907)    (113,907)    (113,907)

6)  Auto excise, CVET and FIT receipts        132,000    132,000     132,000

7)   Other revenue

TOTAL FUNDS AVAILABLE FOR PLAN (Add lines 3,4,5, and 6)    2,960,291    2,878,351    2,837,351

    This notice contains future allocations for the following projects:                        Project-Location        2018    2019    2020

    Future Allocations as specified above will be subject to objections during the period stated in the Notice of Adoption                        ********************************************************************************************************************        TO BE PUBLISHED IN YEARS AFTER THE FIRST YEAR                            This notice contains future allocations for the following projects, which have previously been subject to taxpayer objections.                            Project-Location        2018    2019    2020

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