Btownstown Tax Levy, 122431

Notice is hereby given to taxpayers of Brownstown Central School Corporation, Jackson County, Indiana, that the proper legal officers of said School Corporation at Brownstown Central Administration Office, Brownstown, Indiana, on September 15, 2009 at 7:30 p.m. will conduct a public hearing on the budget. Following the meeting, any ten or more taxpayers may object to a budget, tax rate, or levy by filing an objecting petition with the proper officers of the political subdivision within seven days after the hearing. The objection petition must identify the provisions of the budget, tax rate, or tax levy the taxpayers object to. If a petition is filed, the political subdivision shall adopt with its budget a written finding concerning the objections filed and testimony presented. Following the aforementioned hearing, the School Board will meet at the Brownstown Central Administration Office on October 13, 2009, at 7:30 p.m. to adopt the following budget:

BUDGET ESTIMATE

Complete details of budget estimates by fund may be seen at the School Administration Offices

First no., Budget Estimate, second no. Max. Est. Funds To Be Raised, third no., Excessive Levy Appeals, fourth no., Current Tax Levy

General, 11,032,736.00, 0, 0, 0

Debt Service, 1,293,000.00, 1,360,226, 0, 971,525

Retirement/Severace

Bond Debt Service, 186,545.00, 199,488, 0, 165,852

Capital Projects, 1,478,813.00, 1,334,784, 0, 1,310,851

School Transportation, 873,698.00, 760,000, 0, 672,483

School Bus Replacement, 172,000.00, 394,239, 0, 19,960

Rainy Day, 60,000.00, 0, 0, 0

Total, 15,096,792.00, 4,048,737, 0, 3,140,671

Net Assessed Valuation of taxable property for the year 2009 payable 2010, $325,000,000

Taxpayers appearing at the hearing shall have an opportunity to be heard.

Comparative Statement of Taxes Collected and To Be Collected:

(Property Tax To Be Collected in Current Year and Actual Collections For the Previous Three (3) Years

First no., Collected Year 2006, seconed no., Collected Year 2007, third no., Collected Year 2008, fourth no., To Be Collected Year 2009

General, 2,368,331, 2,483,534, 2,701,811, 0

Debt Service, 864,601, 1,390,278, 1,029,072, 971,525

Retirement/Severance, 148,420, 163,341, 171,291, 165,852

Capital Projects, 1,022,253, 1,086,155, 1,336,337, 1,310,851

Transportation, 575,927, 655,453, 687,814, 672,483

Bus Replacement, 159,072, 183,811, 311,679, 19,960

Special Ed. Preschool, 7,457, 7,520, 7,947, 0

Total, 5,146,061, 5,970,092, 6,245,951, 3,140,671

Notice

In addition to the annual budget, the proper legal officers of Brownstown Central School Corporation will meet at Brownstown Central Administration Office, September 15, 2009 at 7:30 p.m. to consider the establishment of a Capital Projects Fund Plan.

The Following is a General Outline of the Plan:

First No., Account No., second No. 2010, third no., 2011, fourth no., 2012

CURRENT EXPENDITURES:

(1) Land Acquistion and Development, 41000, 40,000, 40,000, 40,000

(2) Professional Services, 43000 , 80,000, 80,000, 80,000

(3) Education Specifications Development, 44000, 0, 0, 0

(4) Building Acquisition, Construction, And Improvements (includes 45200 and 45300), 45100, 448,300, 438,456, 371,982

(5) Rent of Buildings, Facilities and Equipment, 45500, 56,700, 56,700, 56,700

(6) Purchase of Mobile or Fixed Equipment, 47000, 277,800, 254,000, 238,291

(7) Emergency Allocation (Other Facilites Acquistion and Construction), 49000, 75,000, 75,000, 75,000

(8) Utilities (Maintenance of Buildings), 26200, 338,413, 338,413, 338,413

(9) Maintenance of Equipment, 26400, 162,600, 167,478, 172,503

(10) Sports Facilities, 45400, 0, 0, 0

(11) Property or Casualty Insurance, 26700, 0, 0, 0

(12) Other Operation and Maintenance of Plant, 26800, 0, 0, 0

(13) Technology

 Instruction - Related Technology, 22300, 0, 0, 0

 Admin. Tech Services, 25800, 0, 0, 0

Subtotal Current Expenditures, 0, 1,478,813, 1,450,047, 1,372,889

(14) Allocation For Future Projects (Cumulative Totals), 0, 0, 0, 0

(15) Transfer From One Fund to Another, 60100, 0, 0, 0

Total Expenditures and Allocations, 0, 1,478,813, 1,450,047, 1,372,889

Sources and Estimates of Revenue

(1) January 1, Cash Balance, 0, 4,146, 0, 0

(2) Less Encumbrances Carried Forward From Previous Year, 0, 0, 0, 0

(3) Estimated Cash Balance Available For Plan (Line 1 minus Line 2), 0, 4,146, 0, 0

(4) Property Tax Revenue, 0, 1,334,784, 1,273,908, 1,196,750

(5) Auto Excise, CVET and FIT Receipts, 0, 139,883, 176,139, 176,139

(6) Other Revenue (Interest Income), 0, 0, 0, 0

Total Funds Available for Plan (add lines 3, 4, 5, 6):, 0, 1,478,813, 1,450,047, 1,372,889

Estimated Property Tax Rate To Fund Plan, 0, 0.4107, 0.3920, 0.3682

Based Upon An Assessed Valuation of:, 0, 325,000,000, 325,000,000, 325,000,000

Taxpayers are invited to attend the meeting for a more detailed explanation of the plan and to be heard on the proposed plan.

This notice includes future Allocations which have not previously been subject to taxpayer objections

Allocation Year 2010

Allocation Year 2011

Allocation Year 2012

*Future Allocations as specified above will be subject to objections during the period stated in the Notice of Adoption to be published at a later date.

To Be Published in years after the first year

This notice includes Future Allocations which have previously been subject to taxpayer objections

Allocation Year 2010

Allocation Year 2011

Allocation Year 2012

* Future allocations as specified above are not subject to objections during the period stated in the

Notice of Adoption to be published at a later date.

Taxpayers are invited to attend the meeting for a detailed explanation of the plan and to exercise their rights to be heard on the proposal. If the proposal is adopted by resolution, such proposal will be submitted to the Department of Local Government Finance for Approval.

Dated this 27th day of August, 2009

Lawrence L. Montgomery, Board President

James Wayman, Vice President

Kenneth Wolff, Secretary

Myron Curry, Member

Mary Ann Spray, Member

Dan Hall, Member

Christopher Darlage, Member

NOTICE TO TAXPAYERS OF SCHOOL BUS REPLACEMENT PLAN FOR THE YEARS 2010-2021

In addition to the annual budget the proper officers of Brownstown Central will meet at Brownstown Central Administration Office, September 15, 2009 at 7:30 p.m. to consider the School Bus/Vehicle Replacement Plan as summarized below for the twelve (12) year period between 2010 and 2021. The levy required to fund this plan will be raised as indicated in the Notice to Taxpayers of Budgets and Levies to be collected in 2010. Detail of the proposed plan is on file in the office of the Superintendent for inspection from the date of this notice. Taxpayers shall have the right to be heard on the plan summary as listed below at the public hearing.

I. SUMMARY OF PLANNED REPLACEMENTS AND ACCUMULATION FOR FUTURE YEARS

First no. A No. of Buses Owned, second no. B. No. of Buses To Be Replaced, third no. C Year, fourth no., D Total of Replacement Cost, E *Amount to be Accumulated in 2010 for future purchases

34, 1, 2010, 86,000, 268,288

34, 2, 2011, 181,000

34, 2, 2012, 190,000

34, 2, 2013, 199,500

34, 2, 2014, 210,000

34, 2, 2015, 220,000

34, 2, 2016, 263,500

34, 3, 2017, 363,000

34, 3, 2018, 400,600

34, 3, 2019, 400,500

34, 3, 2020, 420,000

34, 3, 2021, 441,000

* The above only reflects allocations to be raised in 2010. Such amount will be added to Accumulation raised from prior years. Total Accumulations are reflected on line 11 of the Budget Form 4B, available for Inspection in the office of the Superintendent.

II. ADDITIONAL BUS NEEDS FOR First No., Number, second no., Bus Capacity, third no., year, fourth no., Type of Bus/Vehicle Per DOE “TN”, Fourth No., To Be Owned or Leased, fifth no., Year 2009 Cost of Additional Buses

1, 72, 2010, C, O, $86,000

0, 0, 2010, 0, 0

0, 0, 2010, 0, 0

0, 0, 2010, 0, 0

0, 0, 2010, 0, 0

S 1, 8