Medora Community School, 122461

Notice of Adoption

Notice is hereby given to the taxpayers of Medora Community School Corporation of Jackson 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:

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

1) Land Acquisition and Development, 30,000, 40,000, 45,000

2) Professional Services, 0, 0, 0

3) Education Specifications Development, 0, 0, 0

4) Building Acquisition, Construction &

Improvement (includes 45200 & 45300), 0, 0, 0

5) Rental of Buildings, Facilities & Equip., 15,000, 15,000, 15,000

6) Purchase of Mobile or Fixed Equip. 25,000 15,000 25,000

7) Emergency Allocations (Other Facilities Acquisition and Construction), 0, 0, 0

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

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

10) Sports Facility, 0, 0, 0

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

12) Other Operation & Maint. of Plant, 15,000, 15,000, 15,000

13) Technology

 Instruction - Related Technology, 32,000, 32,000, 32,000

 Administrative Technology Services, 32,000, 32,000, 32,000

Sub-Total Current Expenditures, 270,657, 285,000, 294,000

14) Allocation for Future Projects, 0, 0, 0

15) Transfer from One Fund to Another, 0, 0, 0

Total Expenditures, Alloc. & Transfers, 270,657, 285,000, 294,000

Sources and Estimates of revenue

1) Projected January 1 Cash Balance, 102,300, 0, 0

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

3) Estimated cash balance available

for plan (Line 1-Line 2), 102,300, 0, 0

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

5) Auto Excise, CVET & 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, 0, 0

Estimated property tax rate to fund plan, 0.4980, 0, 0

Based upon an assessed valuation of:, 31,000,000, 0, 0

This notice includes allocations for the years 2010, 2011, and 2012 for the following construction projects:

Allocation Allocation Allocation

Building 2010 2011 2012

Allocations as specified above will be duly subject to objection during the period stated in this Notice of Adoption.

To Be Published In Years After the First Year

This notice includes allocations for the years 2010, 2011 and 2012 for the following construction projects, which have previously been subject to the taxpayer objections.

Allocation Allocation Allocation

Building 2010 2011 2012

Allocations as specified above are not eligible to be contested by the objection during the period stated in this Notice of Adoption. Ten or more taxpayers in the school corporation who will be affected by the plan may file a petition with the County Auditor of Jackson 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.

Teresa Brewer, Board Member

Joe Campbell, Secretary

Darryl Kidd, Board Member

Darrell Persinger, President

Dennis Wayman, Vice President

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