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Capital Outlay Fund Guidelines & Resolution for Tax Levy Version 1.0Effective July 1, 2018The board of education of any school district may make an annual tax levy at a mill rate not to exceed the
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Capital outlay fund guidelines refer to rules and procedures governing the allocation and spending of funds designated for the purchase or improvement of long-term assets, such as buildings and equipment.
Entities such as governmental agencies, educational institutions, and other organizations that manage capital outlay funds are typically required to file capital outlay fund guidelines.
To fill out capital outlay fund guidelines, one must provide detailed information regarding the proposed expenditures, including project descriptions, estimated costs, funding sources, and timelines for completion.
The purpose of capital outlay fund guidelines is to ensure transparency, proper allocation, and effective management of funds used for capital projects, thereby maximizing the benefit of public resources.
The information reported should include project descriptions, estimated budgets, funding timelines, anticipated benefits, and a breakdown of costs associated with the capital project.
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