Public Notice Notice of Adoption Notice is hereby given to the taxpayers of Jay School Corporation School Corporation of Jay 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 1) Land Acquisition and Development - - - 2) Professional Services 10,000 10,000 10,000 3) Education Specifications Development - - - 4) Building Acquisition, Construction, and Improvement 1,036,600 1,025,600 1,012,600 (Includes 45200 and 45300) 5) Rental of Buildings, Facilities and Equipment 262000 262000 262,000 6) Purchase of Mobile or Fixed Equipment 308,000 291,000 281 ,000 7) Emergency Allocations (Other facilities Acquisition and Construction) 7,268 8,290 8,290 8) Utilities (Maintenance of Buildings) 636,132 636,100 636,100 9) Maintenance of Equipment 310,000 318,010 326,010 10) Sports Facility 52,000 243,000 50,000 11) Property or casualty Insurance 135,000 135,000 135,000 12) Other Operation and Maintenance of Plant - - - 13) Technology Instruction - Related Technology 517,000 519,000 521,000 Administrative Technology Services - - - Sub-Total Current Expenditures 3,274,000 3,448,000 3,242,000 14) Allocation for Future Projects - - - 15} Transfer From One Fund to Another - - - Total Expenditures, Allocations, & Transfers 3,274,000 3,448,000 3,242,000 Sources and Estimates of Revenue 1) Projected January 1 Cash Balance (13,323) - - 2) less Encumbrances Carried Forward From Previous Year - - - 3) Estimated cash balance available for plan (Line 1-Line2) (13,323) - - 4) Property tax revenue 3,164,959 3,326,000 3,120,000 5) Auto Excise,CVET and FIT receipts 122,364 122,000 122,000 6) Other revenue (interest income) - - - Total Funds Available For Plan (Add lines 3,4,5,6) 3,274,000 3,448,000 3,242,000 Estimated property tax rate to fund plan 0.4110 0.4091 0.3824 Based upon as assessed valuation of: 770,000,000 813,000,000 816,000,000 This notice includes allocations for the years 2013, 2014 and 2015 for the following construction projects: Building Allocation 2013 Allocation 2014 Allocation 2015 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 2013, 2014 and 2015 for the following construction projects, which have previously been subject to the taxpayer objections. Building Allocation 2013 Allocation 2014 Allocation 2015 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 Jay 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. Board President Greg Wellman Vice President Mike Masters Secretary Larry Paxson Member Beth Krieg Member Ron Laux Member Mike Shannon Member Jim Sanders CR/NS September 26, 2012