Indiana Administrative Code
Title 50 - DEPARTMENT OF LOCAL GOVERNMENT FINANCE
Article 9 - CAPITAL PROJECTS FUND
Rule 1 - Administration of Capital Projects Fund
Section 1-6 - Plan format
Universal Citation: 50 IN Admin Code 1-6
Current through September 18, 2024
Authority: 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:
(A) Total land area.
(B) Location.
(C) Composition of governing body.
(D) Number of employees.
(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:
(i) Name and
location.
(ii) Grades housed or
other use.
(iii) Year
constructed.
(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.
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