Notice to Taxpayers - WV Capital Projects Fund
NOTICE OF ADOPTION
Notice is hereby given to the taxpayers of Westview School Corporation School Corporation of LaGrange County, Indiana, that the Board of School Trustees has established a Capital Projects Fund and adopted a plan under I.C.20-46-6-8. The following is a general outline of the proposed plan:
CURRENT EXPENDITURES: 2013 2014 2015
1) Land Acquisition and Development 186,700 138,800 183,350
2) Professional Services 60,000 90,000 110,000
3) Education Specifications Development - - -
4) Building Acquisitions, Construction, and
Improvement (Includes 45200 and 45300) 1,213,500 1,825,850 1,889,000
5) Rental of Buildings, Facilities and Equipment 236,500 223,500 228,500
6) Purchase of Mobile or Fixed Equipment 1,426,900 1,020,630 1,060,230
7) Emergency Allocations (Other facilities
Acquisition and Construction) 115,000 120,000 130,000
8) Utilities (Maintenance of Buildings) 430,000 584,000 642,000
9) Maintenance of Equipment 463,000 444,750 441,000
10) Sports Facility 120,000 120,000 125,000
11) Property or casualty insurance 62,500 67,000 69,000
12) Other Operation and Maintenance of Plant - 161,000 161,000
13) Technology
Instruction – Related Technology 595,700 479,000 479,000
Administrative _________- _________- _________-
SUB-TOTAL CURRENT EXPENDITURES 4,909,800 5,274,530 5,518,080
14) Allocation for Future Projects 400,000 500,000 -
15) Transfer From One Fund to Another _________- _________- _________-
TOTAL EXPENDITURES, ALLOC, & TRANSFERS 5,309,800 5,774,530 5,518,080
SOURCES AND ESTIMATES OR REVENUE
1) Projected January 1 Cash Balance 50,000 400,000 -
2) Less Encumbrances Carried Forward
From Previous Year _________- _________- _________-
3) Estimated cash balance available
for plan (Line 1-Line 2) 50,000 400,000 500,000
4) Property tax revenue 5,149,980 5,264,530 4,908,080
5) Auto Excise, CVET and FIT receipts 110,000 110,000 110,000
6) Other revenue (interest income) _________- _________- _________-
TOTAL FUNDS AVAILABLE FOR PLAN
(Add lines 3,4,5,6) 5,309,980 5,774,530 5,518,080
Estimated property tax rate to fund plan 0.6734 0.6848 0.6306
Based upon as assessed valuation of: 764,772,727 768,816,500 778,267,561
This notice includes allocations for the years 2012, 2013, and 2014 for the following construction projects:
Building Allocation 2013 Allocation 2014 Allocation 2015
Westview Elementary - 200,000 -
Westview Jr. Sr. High School 400,000 300,000
Allocations as specified above will be duly subject to objection during the period stated in this Notice of Adoption.
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TO BE PUBLISHED IN YEARS AFTER THE FIRST YEAR
This notice includes allocations for the years 2012, 2013 and 2014 for the following construction projects, which have previously been subject to the taxpayer objections.
Building Allocation 2013 Allocation 2014 Allocation 2015
___________ ____________ ____________ ____________
___________ ____________ ____________ ____________
Allocations as specified above are not eligible to be contested by the objection during the period stated in this Notice of Adoption.
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Ten or more taxpayers in the school corporation who will be affected by the plan may file a petition with the County Auditor of LaGrange 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, which Department will fix a date and conduct a public hearing on the plan before issuing its approval or disapproval thereof.
(Show names and titles of Board Members) BOARD PRESIDENT Gerald Lee
VICE PRESIDENT Dave Mehas
SECRETARY Carrie Schrock
MEMBER Keith Lambright
MEMBER Jim Miller
LC 68 S22/N26
