requested by PLSD
page 13 Performance Audit State Auditor – PLSD
Pickerington Local School District Performance Audit
Executive Summary 1-11
The financial implications summarized above are presented on an individual basis for each recommendation. The magnitude of cost savings associated with some recommendations could be affected or offset by the implementation of other interrelated recommendations. Therefore, the actual cost savings, when compared to estimated cost savings, could vary depending on the implementation of the various recommendations.
Issue: 4 Bond & Levy combined issue
Board eyes bond issue and levy
http://www.thisweeknews.com/thisweek.php?edition=pik&story=thisweeknews/080102/pik/News/080102-News-151607.html
--- see linked article below
PLSD Schools bond/levy language
From the Lancaster Eagle Gazette (legal ads – 10/20/02)
NOTICE OF ELECTION ON BOND ISSUE AND TAX LEVY Revised Code, Sections 3501.11(G), 3318.06 Notice is hereby given that in pursuance of a Resolution of the Board of Education of the Pickerington Local School District of Fairfield and Franklin Counties, Ohio, passed on the 12th day of August, 2002, there will be submitted to a vote of the people of said Pickerington Local School District at the General Election to be held in the Pickerington Local School District of Fairfield County, Ohio, at the regular place(s) of voting therein, on Tuesday, the 5th day of November, 2002, the following questions as a single proposal: (1) the question of issuing bonds of said Pickerington Local School District in the amount of twenty-seven million Dollars ($27,000,000) for the purpose of: CONSTRUCTING, FURNISHING, AND EQUIPPING TWO NEW ELEMENTARY SCHOOL BUILDINGS WITH RELATED FACILITIES, APPURTENANCES, AND SITE IMPROVEMENTS THERETO; IMPROVING, FURNISHING, EQUIPPING, AND MAINTAINING EXISTING BUILDINGS AND FACILITIES THROUGHOUT THE SCHOOL DISTRICT; AND ACQUIRING LAND AND INTERESTS IN LAND as provided by law. The maximum number of years during which such bonds are to run is twenty-eight (28) years. The estimated average additional tax rate amounts to twenty-three cents ($0.23) for each one hundred dollars of valuation, which is two and three-tenths (2.3) mills for each one dollar of valuation, in excess of the ten mill limitation, as certified by the County Auditor. (2) the question of an additional property tax for the purpose of PAYING CURRENT OPERATING EXPENSES at a rate not exceeding seven and one-half mills (7.5) for each one dollar of tax valuation, which amounts to seventy-five cents ($0.75) for each one-hundred dollars of tax valuation, for a continuing period of time, commencing in 2002, first due in calendar year 2003. The polls for said election will be open at 6:30 o'clock a.m. and remain open until 7:30 o'clock p.m. of said day. By order of the Board of Elections, of Fairfield County, Ohio. Dated August 14, 2002 Margaret Matheny, Chairman Alice Nicolia, Director (Pub:LEG,Oct8,15,22,29,'02#3656021)