Section 50 IAC 9-1-6 - Plan formatAuthority: IC 21-2-15
Affected: IC 21-2-15
Sec. 6.
(a) The format for the capital projects fund plan is as follows: (1) General description of school corporation as follows: (C) Composition of governing body.(E) Current annual operating budgets in general transportation, debt service, and capital projects funds.(F) Current annual property tax levies for all funds.(2) Listing of present facilities operated and maintained by the school corporation as follows:(A) With respect to each facility, the following:(ii) Grades housed or other use.(iv) Estimated current value.(v) Detailed evaluation of condition.(B) Identification and description of all land owned for future needs.(3) Student enrollment, as follows:(A) Five (5) year history of student enrollments by facility, including the current school year.(B) Projected total student enrollment of the school corporation for each of the ensuing five (5) years.(4) Anticipated capital projects fund resources that will be available for the term of the proposed plan for each year of the plan, as follows:(A) Sources and amounts of anticipated income.(B) Amount of revenue (from property taxes or otherwise) to be retained for expenditures proposed for a later year.(C) Projected assessed valuation of the school corporation for each year of the plan.(D) Property tax rates and levies for the capital projects fund based on the assessed valuations under clause (C).(5) Proposed use of the capital projects fund, as follows:(A) Includes, by plan year and location, the proposed expenditures from the fund for all specific uses within the following topic areas: (i) Land acquisition and development.(ii) Professional services.(iii) Education specifications development.(iv) Building acquisition, construction, and improvement.(v) Rental of buildings and equipment.(vi) Purchase of mobile or fixed equipment.(vii) Emergency allocation (repair, replacement, or site acquisition that is necessitated by an emergency).(viii) Maintenance of equipment.(B) Includes, by plan year and by project or specific purpose, allocation for proposed expenditures beyond the upcoming budget year.(b) All school corporations shall use the capital projects fund plan format separately prescribed and distributed by the department of local government finance.Department of Local Government Finance; 50 IAC 9-1-6; filed Jul 12, 1988, 5:00 p.m.: 11 IR 4072; filed Jun 17, 1991, 4:30 p.m.: 14 IR 1943; errata filed Oct 25, 2006, 10:52 a.m.: 20061108-IR-050060502ACA