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home : public notices : public notices May 26, 2016

9/25/2012 8:00:00 AM
Culver Community Schools Corp.

NOTICE OF ADOPTION

Notice to taxpayers of

Culver Community Schools Corporation

Notice is hereby given to the taxpayers of Culver Community Schools Corporation of Marshall, Fulton, Pulaski and Starke County, Indiana, that the Board of School Trustees has established a Capital Projects Fund and adopted a plan under I.C. 20-46-6-5. The following is a general outline of the proposed plan:

Current Expenditures 2013 2014 2015

Land Acquisition and Development $-0- $-0- $-0-

Professional Services $10,000 $10,000 $10,000

Education Specifications Development $-0- $-0- $-0-

Building Acquisition, Construction & Improvement $85,000 $120,000 $140,000

Rental of Buildings, Facilities and Equipment $20,000 $25,000 $30,000

Purchase of Mobile or Fixed Equipment $275,000 $315,000 $360,000

Emergency Allocations $525,000 $300,000 $300,000

Utilities (Maintenance of Buildings) $239,837 $239,837 $239,837

Maintenance of Equipment $285,000 $327,500 $355,000

School Sports Facility $10,000 $10,000 $10,000

Property or Casualty Insurance $-0- $-0- $-0-

Other Operation and Maintenance of Plant $-0- $-0- $-0-

Technology

Instruction - Related Technology $173,800 $185,000 $190,000

Admin Tech Services $-0- $-0- $-0-

Sub-Total Current Expenditures $1,623,637 $1,532,337 $1,634,837

Allocation for Future Projects $-0- $-0- $-0-

Transfer from One Fund to Another $-0- $-0- $-0-

Total Expenditures and Allocations: $1,623,637 $1,532,337 $1,634,837

Sources and Estimates of Revenue

1) Projected January 1, Cash Balance $383,160

2) Less Encumbrances Carried Forward from Previous Year $-0-

3) Estimated Cash Balance Available for Plan $383,160 $400,000 $425,000

4) Property Tax Revenue $1,189,268 $1,200,000 $1,250,000

5) Auto Excise, CVET and Financial Institutions Tax Receipts $58,000 $65,000 $70,000

6) Other Revenue $-0- $-0- $-0-

Total Funds Available for Plan $1,630,428 $1,665,000 $1,745,000

Estimated Property Tax Rate to Fund Plan .1592 .1606 .1673

Based Upon an Assessed Valuation Of: $747,000,000 $747,000,000 $747,000,000

Ten or more taxpayers in the school corporation who will be affected by the plan may file a petition with the County Auditor of Marshall, Starke, Fulton or Pulaski 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.

Dated this 17th day of September, 2012

James M. Wentzel, President

Ryan Sieber, Vice-President

Jack L. Jones, Secretary

Marilyn Swanson, Member

Edward R. Behnke, Member

David A. Cooper, Member

Ken VanDePutte, Member

Sept. 20





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