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Document Allencounty_doc_e3f8af5243

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TAX TYPE: COUNTY OPTION INCOME TAX COUNTY: ALLEN IC 6-3.5-6-17(a) AMOUNT REPORTED ON INDIVIDUAL INCOME TAX RETURNS PROCESSED BETWEEN JULY 1, 2012 AND JUNE 30, 2013 $48,829,319 CERTIFIED DISTRIBUTION BEFORE ADJUSTMENTS $48,829,319 ADJUSTMENTS IC 6-3.5-6-17(c) STATUTORY ADJUSTMENTS FOR NEGATIVE BALANCE $0 IC 6-3.5-6-17(d) ADJUSTMENT FOR CLERICAL OR MATHEMATICAL ERRORS IN ANY PRIOR YEAR $0 IC 6-3.5-6-17(e) ADJUSTMENT FOR INITIAL IMPOSITION OF THIS TAX OR RATE CHANGE $28,483,770 IC 6-3.5-6-17(f) ADJUSTMENT FOR INCREASE IN RATE FOR PROPERTY TAX LEVY REPLACEMENT $0 IC 6-3.5-6-27(g) ADJUSTMENT FOR INCREASE IN THS TAX TO FUND CORRECTIONAL FACILITIES (APPLIES TO MIAMI COUNTY) $0 IC 6-3.5-6-28(i) ADJUSTMENT FOR INCREASE IN THS TAX TO FUND CORRECTIONAL FACILITIES (APPLIES TO HOWARD COUNTY) $0 IC 6-3.5-6-29(g) ADJUSTMENT FOR INCREASE IN THS TAX TO FUND CORRECTIONAL FACILITIES (APPLIES TO SCOTT COUNTY) $0 IC 6-3.5-6-33 ADJUSTMENT FOR INCREASE IN THE TAX RATE UNDER IC 6-3.5-6-33 (APPLIES TO MONROE COUNTY) $0 TOTAL ADJUSTMENTS $28,483,770 $77,313,089 BREAKDOWN OF CERTIFIED DISTRIBUTION DISTRIBUTIVE SHARES AND COIT HOMESTEAD CREDITS $48,829,319 COIT FOR CORRECTIONAL FACILITIES $0 COIT TO REPLACE PROPERTY TAX LEVIES $0 COIT TO FUND PUBLIC SAFETY EXPENSES $8,138,220 COIT TO PROVIDE PROPERTY TAX RELIEF $20,345,550 TOTAL $77,313,089 TAX RATES UPON WHICH THIS CERTIFICATION IS BASED TAX RATE UNDER IC 6-3.5-6-8 (GENERAL RATE AUTHORIZATION PROVISIONS) 0.600% TAX RATE UNDER IC 6-3.5-6-27 (APPLIES TO MIAMI COUNTY) 0.000% TAX RATE UNDER IC 6-3.5-6-28 (APPLIES TO HOWARD COUNTY) 0.000% TAX RATE UNDER IC 6-3.5-6-29 (APPLIES TO SCOTT COUNTY) 0.000% TAX RATE UNDER IC 6-3.5-6-30 (PROPERTY TAX LEVY REPLACEMENT) 0.000% TAX RATE UNDER IC 6-3.5-6-31 (PUBLIC SAFETY FUNDING) 0.100% TAX RATE UNDER IC 6-3.5-6-32 (PROPERTY TAX RELIEF) 0.250% TAX RATE UNDER IC 6-3.5-6-33 (APPLIES TO MONROE COUNTY) 0.000% TOTAL TAX RATE 0.950% COUNTY OPTION INCOME TAX ACCOUNT BALANCE FOR YOUR COUNTY AS OF DECEMBER 31, 2011 $1,615,569 ESTIMATED ACCOUNT BALANCE FOR YOUR COUNTY AS OF DECEMBER 31, 2012 $2,061,353 $0 PROVIDING COIT HOMESTEAD CREDITS IS AT THE OPTION OF THE COUNTY. IN A RAINY DAY FUND ESTABLISHED UNDER IC 36-1-8-5.1. THIS REPORT HAS BEEN PREPARED PURSUANT TO IC 6-3.5-6-17(b) PREPARED BY: INDIANA STATE BUDGET AGENCY CERTIFIED DISTRIBUTION YEAR: 2014 DATE PREPARED: AUGUST 6, 2013 EXCESS ACCOUNT BALANCE TO BE DISTRIBUTED IN JANUARY 2014 PURSUANT TO IC 6-3.5-6-17.3 CERTIFIED DISTRIBUTION BEFORE ADJUSTMENTS CERTIFIED DISTRIBUTION AFTER ADJUSTMENTS IC 6-3.5-6-17.3 REQUIRES AN ENTITY RECEIVING A DISTRIBUTION OF AN EXCESS BALANCE TO DEPOSIT THAT DISTRIBUTION