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home : public notices : public notices May 3, 2016

10/7/2013 8:00:00 AM
Culver Community Schools Corporation

NOTICE OF ADOPTION

Culver Community Schools Corporation

Notice is hereby given to taxpayers of Culver Community Schools Corporation that the proper officers of Culver Community Schools 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 Marshall, Fulton, Pulaski or Starke 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 Audtior 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 or disapproval thereof.



The following is a general outline of the adopted plan:



Expenditures 2014 2015 2016

1) Land Acquisition and Development - - -

2) Professional Services $5,000 $10,000 $10,000

3) Education Specifications Development - - -

4) Building Acquisition, Construction & Improvement $138,500 $150,000 $165,000

5) Rental of Buildings, Facilities and Equipment $10,000 $20,000 $25,000

6) Purchase of Mobile or Fixed Equipment $220,000 $265,000 $295,000

7) Emergency Allocation $212,563 $300,000 $300,000

8) Utilities $239,837 $239,837 $239,837

9) Maintenance of Equipment $275,000 $317,500 $355,000

10) Sports Facility $10,000 $10,000 $10,000

11) Property or Casualty Insurance - - -

12) Other Operation and Maintenance of Plant - - -

13) Other Proposed Expenditures $164,100 $175,000 $185,000

14) Allocation for Future Projects - - -

15) Transfer From One Fund to Another - - -

TOTAL EXPENDITURES, ALLOCATIONS AND TRANSFERS $1,275,000 $1,487,337 $1,584,837



SOURCES AND ESTIMATES OF REVENUE

1) Projected January 1 Cash Balance $350,000 $400,000 $425,000

2) Less: Encumbrances Carried Forward From Previous Year - - -

3) Estimated Cash Balance Available for Plan (Line 1 minus Line 2) $350,000 $400,000 $425,000

4) Property Tax Revenue $1,098,169 $1,150,000 $1,200,000

5) Auto Excise, CVET and FIT receipts $59,500 $65,000 $70,000

6) Other Revenue - - -

TOTAL FUNDS AVAILABLE FOR PLAN (Add lines 3, 4, 5 and 6) $1,507,669 $1,615,000 $1,695,000

Sept. 19

hspaxlp





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