The Independent-News, Volume 122, Number 12, Walkerton, St. Joseph County, 1 August 1996 — Page 5

ASSESSED VALUATION AND TAX RATES Calendar Years 1995 and 1996 1995 1996 ASSESSED VALUATION $ 54,203,470 $ 61,078,621 TAX RATE - General Fund St. Joseph 3.1363 2 9725 Marshall 2.9192* 2 8713* LaPorte 3.1363 2 8428* Tax Rate - Debt Service Fund St. Joseph 0.3218 0.7322 Marshall 0.3218 0.7072* LaPorte 0.3218 0.7002* Tax Rate - Capital Projects Fund St. Joseph 1.1931 1.0891 Marshall 1.1931 1.0519* LaPorte 1.1931 1.0414* Tax Rate - Transportation Fund St. Joseph .4909 0.5272 Marshall .4909 0.5093* LaPorte .4909 0.5042* Tax Rate - Special Education Pre-School St. Joseph .0100 0.0100 Marshall .0100 0.0097* LaPorte .0100 0.0096* ’Rate Reduced By Application Os Property Replacement Tax Credit Payments Made In Excess Os $2,500 To Vendors From The General, Capital Projects and Transportation Funds Calendar Year 1995

VENDOR NAME Oselka Construction Co. JESSE Ist Source Bank M.A.S.E. Insurance Trust Barton-Coe-Vilamaa Ind. State Teachers Retirement Northern Indiana Public Service Co. Town of Walkerton Public Employees Retirement Key Services Corp./Agent-Society B Kerlin Bus Sales St. Joseph County Clerk Hamilton Service Center John M. Small Insurance Agency Anco Inc. Office Products Apple Computer, Inc. Studio One Incorporated Penn-Harris-Madison School Corp. Rieth-Riley Construction Co., Inc. John Glenn School Corporation GTE Educational Network Access Citgo Petroleum Corporation United Telephone Company Kaser-Spraker Construction, Inc. Sharp School Services, Inc. Xdata Solutions, Inc. Wenger Corporation Midwest Visual Equipment Co., Inc. ISTA Insurance Trust B & J Video Systems Interior Finishes. Inc. Halsey, Ray Follett Software Company, The Northern Indiana Educational Huntington Laboratories Banner Electric, Inc. Larry’s Quick Mart Quality Setters Phillips 66 Company Eberly, Donald J. McCord Auto Supply, Inc. Auto-Owners Insurance Kabelin True Value Hardware Lee Company Clover Sheet Metal Co. South Bend Supply Company PC & Mac Connection Zellerbach/Lexington-Louisville Unisource/Indianapolis North Central Area Vocational Coop Indiana School Boards Association Comtrade Elek-Tek, Inc. Koppenhofer Lumber Company McGraw-Hill Teachers Credit Union Multiple Zones International, Inc. North Liberty Municipal Utilities Baker & Taylor Co., The H.J. Umbaugh & Associates J & K Service, Inc. Key Waste Services, Inc. NASCO Black Magazine Agency All-Phase Electric Supply Co. A.E. boyce Co., Inc. H.P. Products Corporation Newsbank, Inc. Claris Corporation Chemical Consulting Network, Inc. Alt & Witzig Engineering, Inc. Liberty Sound & Electronics, Inc. Postmaster John Glenn High School Simplex Time Recorder Co. Town and Country Press Havel Bros. Tab of Michiana Territorial Engineering Nyhart Company, Inc. K & M Asphalt Sealing Maintenance Bye Mo’r Inc. Educational Resources Blessings School Music, Inc. Alliance Environmental, Inc. Indiana Wiping Cloth, Inc. W.W. Grainger, Inc. Frey Scientific Company Pepper of Detroit Kaufmann Software Scholastic Inc. Indiana Association of Principals Cisney, Darell M. Creative Teaching

STATEMENT OF INDEBTEDNESS Calendar Year 1995 INDEBTEDNESS Principal Outstanding Holding Company - Public & Private $ 370 000 00 Common School Loans $ 262 500 00 TOTAL $ 632^500^00 Outstanding Encumbrances - All Funds $ 1,226 407 27 (Include purchase orders, vendor contracts, . ’ ” / letters of commitment, leases) ' ' ' 1

TOTAL AMOUNT 1,036,525.65 545,237.91 405,649.22 314,887.70 220,866.89 170,255.02 133,666.66 114,378.00 91,320.29 81,115.00 74,111.94 63,600.00 54,536.39 53,513.00 51,073.60 49,081.00 41,250.00 40,000.00 39,674.00 39,455.09 34,016.00 27,557.62 25,816.90 24,997.00 18,334.58 16,789.27 16,272.29 15,844.89 15,430.59 15,398.70 14,745.00 14,609.22 13,357.93 12,945.45 11,800.01 11,413.25 10,789.41 10,730.00 ' ' 10,311.34 9,151.80 8,964.20 8,877.91 8,698.05 8,271.00 7,842.24 7,567.71 7,512.70 7,481.55 7,291.47 6,956.90 6,769.50 6,375.00 6,222.91 6,138.51 5,839.25 5,723.14 5,709.66 4,767.65 4,289.52 4,275.00 4,228.00 4,131.53 4,063.18 4,030.73 4,028.13 4,007.77 3,907.75 3,775.10 3,642.49 3,612.00 3,600.00 3,436.60 3,300.00 3,130.60 3,108.65 3,100.00 3,087.32 3,011.55 3,005.00 2,975.00 2,950.00 2,931.75 2,929.57 2,912.25 2,894.61 2,880.00 2,863.05 2,860.43 2,819.36 2,800.00 2,765.39 2,627.00 2,555.00 2,520.21

ISTEP DATA March 1996 Test Results On A School By School Basis „„ .„„ BELOW UVEL READING LANGUAGE MATH TOTAL School Name LANGUAGE TOTAL TOTAL TOTAL BATTERY PROFICIENT STANDARDS Walkerton Elementary 3 5% 63 57 68.6 66 Walkerton Elementary 6 4% 62.4 68 63.7 67 North Liberty Elementary 3 0% 74 77 81 79 North Liberty Elementary 6 4% 76 79 77 78 John Glenn High School 10 3% 69 66 71 71 PERFORMANCE DATA School Year 1995-96 ON A SCHOOL BY SCHOOL BASIS __ _ 1994-95 SAT Score Summary „ . Student School Name Attendance Graduat,on Class Math Verbal Pupil Rales Count North Liberty Elem q , 407 I^H^^hSl’ 001 96^07% 17 09 482 404 J G High School QS Qlo7n 1 w /0 80% 16.7 53 AT-RISK FUNDING AND EXPENDITURES July 1, 1995 through June 30, 1996 Receipts Expenditures At-Risk Fund $ 23,331.10 $ 31,249.29 VOCATIONAL EDUCATION FUNDING AND EXPENDITURES Calendar Year 1995 RECEIPTS EXPENDITURES Vocational Education $ 542,729.25 $ 906,961.92 SPECIAL EDUCATION FUNDING AND EXPENDITURES Calendar Year 1995 Special Education 00»DU j. DZ 31, // 1, DZo. i 1 PERCENTAGE OF GRADUATES PURSUING HIGHER EDUCATION School Year 1995-96 NUMBER OF NQ. PURSUING PERCENT PURSUING GRADUATES HIGHER EDUCATION HIGHER EDUCATION 114 81 71% ......_ EXPENDITURE PER PUPIL FUND Calendar Year 1995 EXPENDITURE , PER PUPIL General Fund $ 880 90 Transportation Fund (per pupil served) 299 35 1 hereby certify that the financial report is true and accurate in every respect to the best of my knowledge and belief. I further certify that all contracts, vouchers, and bills for all payments made by the school corporation are in its possession and open to public inspection. Date: August 1, 1996 Robert W. Schaeffer Secretary Board of School Trustees John Glenn School Corporation 506 Roosevelt Road Walkerton, IN 46574 si NOTICE TO TAX PAYERS OF SCHOOL BUS REPLACEMENT PLAN FOR THE YEARS 1997 - 2008 Notice is given to the taxpayers of the John Glenn School Corporation that on August 20,1996, at 7:30 p.m. at the John Glenn High School, Walkerton, IN, the School Board of Trustees shall conduct a public hearing to consider the School BusA/ehicle Replacement Plan as detailed below for the twelve (12) year period between 1997-2008. The levy required to fund this plan will be raised in comination with the School Transportation Operating Account as indicated in the Notice to Taxpayers of budgets and levies to be collected in 1997. Taxpayers shall have the right to be heard on the plan listed below at the public hearing L REPLACEMENT COST OF BUSA/EHICLE DURING 1997 YEAR NO. OF NO. OF BUSES YEAR TOTAL |1997 ACCUM FOR (PREVIOUS (TOTAL BUSES TOBE REPLACEMENT COST FUTURE YRS. ACCUMULATION FOR ACCUMULATION OWNED REPLACED REPLACEMENT FOR REPLACEMENT 2 1997 S 97,000 rZZZZZZZZZZZ” 97,000 2 1998 S 99,000 5 99.000 3 1999 J 125,000 ~ T 125,000 2 2000 $ 102,000 $ jqj qqq 2 2001 J 103,000 $ 103wf 3 2002 $ 129,000 5 129.000 2° _2 2003 $ 105,000 $ 105,000 ±6 2 2004 $ 106,000 $ IQ6 000 2 2005 $ ’107,000 $ 107,000 2 2006 $ 108,000 _ $ ,oe 000 2 2007 $ 109,000 $ 109^000" 2 «l 2| 2008 |$ 110,0001 |$ Ho’oOQ SUMMARY OF NEEDS A. REPLACEMENT COST TOTAL $ 97,000 B. ADDITIONAL BUS COST $ |SUB TOTAL $ 97,000 IC. ACCUMULATED FOR FUTURE YEARS - $ - TOTAL FUNDS TO BE RAISED IN 1997 [$ 97,000 | SOURCES and ESTIMATES of REVENUE ACCUMULATED BALANCE [PROPOSED 1— — — FROM PREVIOUS YEAR TAX LEVY $ 87,623 EXCISE TAX $ 8,972 ESTIMATED FINANCIAL ASSESSED VAL. $ 60^578,621 INSTITUTION TAX $ 405 PROPOSED 2IHER______________I - TAX RATE 0.1446 PROPERTY TAX LEVY _____ $ 87,623 TOTAL FUNDING $ 97,000 Dated this 1 ST day of Aug. 1996 SCHOOL BOARD OF TRUSTEES Rob Keck. President David G. Gensinger.V.P. Shirley Anderson Robert Shaeffer. Secretary Janice K. Ryan Ben Smith Thomas L McCormick 2taß

AUGUST 1, 1996 - INDEPENDENT NEWS -

5