Medora School Tax Levy

Notice

In addition to the annual budget, the proper officers of Medora Community School Corporation will meet at Medora Jr./Sr. High School Library, 82 South George St., Medora, September 3, 2009 at 6:30 p.m. to consider the establishment of a Capital Projects Plan.

The first no. Account No., second no., 2010, third no., 2011, fourth no., 2012

CURRENT EXPENDITURES:

(1) Land Acquistion and Development, 41000, 30,000, 40,000, 45,000

(2) Professional Services, 43000, 0, 0, 0

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

(4) Building Acquisition, Construction, Improvements (includes 45200 and 45300), 45100, 0, 0, 0

(5) Rental of Buildings, Facilities and Equipment, 45500, 15,000, 15,000, 15,000

(6) Purchase of Mobile or Fixed Equipment, 47000, 25,000, 25,000, 25,000

(7) Emergency Allocation (Other Facilites Acquist. and Const.), 49000, 0, 0, 0

(8) Utilities (Maintenance of Buildings), 26200, 41,273, 42,000, 42,000

(9) Maintenance of Equipment, 26400, 45,150, 45,000, 45,000

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

(11) Property or Casualty Insurance, 26700, 35,234, 37,000, 39,000

(12) Other Operation and Maintenance of Plant, 26800, 15,000, 15,000,  15,000

(13) Technology

 Instruction - Related Technology, 22300, 32,000, 33,000, 34,000

 Admin. Tech Services, 25800, 32,000, 33,000, 34,000

Subtotal Current Expenditures, 270,657, 285,000, 294,000

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

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

Total Expenditures and Allocations, 270,657, 285,000, 294,000

Sources and Estimates of Revenue

(1) January 1, Cash Balance, 102,300

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

(3) Estimated Cash Balance Available For Plan (Line 1 minus Line 2), 102,300, 0, 0

(4) Property Tax Revenue, 154,487, 0, 0

(5) Auto Excise, CVET and FIT Receipts, 17,328, 0, 0

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

Total Funds Available for Plan (add lines 3, 4, 5, 6):, 274,115

Estimated Property Tax Rate To Fund Plan, 0.8842 0 0

Based Upon An Assessed Valuation of:, 31,000,000, 0, 0

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 A location which have not previously been abjected to taxpayers objections

First no., Allocation Year 2010, second no., Allocation Year 2011, third no., Allocation Year 2012

Medora Jr./Sr. High School, 15,000, 20,000, 25,000

Medora School Complex, 15,000, 20,000, 20,000

*Future Allocation as a 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 Fute Allocations which have previously been subject to taxpayer objections

First no., Allocation Year 2011, second no., Allocation Year 2012, third no., Allocation Year 2013

Medora Jr./Sr. High School, 15,000, 36,000, 50,000

Medora School Complex, 15,000, 35,000, 55,000

*Future Allocation as specified above are not subject to objections during the period stated in the Notice of Adoption to be published at a later date.

Taxpayes 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 3rd day of September, 2009.

Darrell Persinger, President

Dennis Wayman, Vice President

Joseph Campbell, Secretary

Darryl Kidd, Board Member

Teresa Brewer, Board Member

Notice To Taxpayers of Tax Levies

Notice is hereby given to the taxpayers of Medora, Indiana, Jackson County, Indiana that the proper legal officers of said School Corporation at Medora Community Schools, 82 South George St., Medora, Indiana, on Thursday, September 3, 2009 at 6:30 p.m. will conduct a public hearing on the budget. Following this meeting, any ten or more taxpayers may object to a budget, tax rate, or tax levy by filing an objecting petition with the proper officers of the political subdivision within seven days after the hearing. The objecting petition must identify the provisions of the budget, tax rate, or tax levy that 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 Medora Jr./Sr. High School Library, 62 South George St., on Monday, Sept. 14, 2009, at 6:30 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, second no., Maximum, third no., Excessive Levy, fourth no., Current Tax Levy

General, 2,352,536, 0, 0, 0.4727

Debt Service, 342,000, 153,719, 0, 0.7857

Retirement/Severance, 0, 0, 0, 0

Bond Debt Service, 35,000, 28,076, 0, 0.077

Capital Projects, 270,657, 154,487, 0, 0.490

School Transportation, 165,000, 174,995, 0, 0.5326

School Bus Replacement, 69,500, 71,172, 0, 0.1721

Rainy Day, 70,000, 0, 0, 0.1721

Total, 3,304,693

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

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, second no., Collected Year 2007, third no., Collected Year 2008, fourth no., to be collected Year 2009

General, 267,257, 231,491, 259,568, 146,546

Debt Service, 322,628, 299,977, 333,952, 243,581

Retirement/Severance, 31,696, 32,160, 40,925, 23,785

Capital Projects, 123,505, 106,638, 124,776, 151,810

Transportation, 71,040, 69,864, 74,730, 165,117

Bus Replacement, 18,518, 13,910, 2,060, 53,343

Special Ed. Preschool, 798, 626, 714, 0

Total, 835,442, 754,666, 836,724, 784182

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

In addition to the annual budget the proper officers of Medora Community School Corporation will meet at Medora Jr./Sr. High School Library, Medora, IN, Jackson County, at 6:30 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 col., A No. of Buses Owned, second col., B. No. of Busers To Be Replaces, third col., C Year, Fourth col., D Total of Replacement Cost, fifth col., E *Amount to be Accumulated in 2009 for future purchases

5, 0, 2010                0, 69,500

5, 0, 2011, 0, 0       

5, 0, 2012                , 0, 0

5, 1, 2013, 90,000, 0

5, 0, 2014, 0, 0       

5, 0, 2015                , 0, 0

5, 2, 2016, 120,000, 0

5, 0, 2017, 0, 0

5, 0, 2018                , 0, 0

5, 1, 2019, 90,000, 0

5, 0, 2020, 0, 0

5, 0, 2021, 0, 0

*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 the Superintendent.

1. First col., Number, second col., Bus Capacity, third col., Year, fourth col., Type of, fifth col., To Be Owned or Lease, sixth col., Year 2010 Cost of Additional Buses      

0, 0, 2010, 0, 0, 0

0, 0, 2010, 0, 0, 0

0, 0, 2010, 0, 0, 0

0, 0, 2010, 0, 0, 0

A 20, 27