Form Dte 131 - Net Indebtedness Calculation For School District Bonds Page 2

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DTE 131
R.C. § 133.06
Rev. 7/11
Instructions for Completing Form
Page 2
General Instructions
Line 4 Enter total of lines 3(a) to 3(t).
This form and the other information required by Ohio Depart-
Line 5 Subtract line 4 from line 2 and enter the difference
ment of Taxation DTE Bulletin 8 must be submitted to the tax
here.
commissioner and to the superintendent of public instruction
Line 6 Enter any bond retirement fund balance applicable
for their consents, only if the percentage entered on line 8
to the principal of the securities in line 5.
exceeds 4.00%. File this form and the other required informa-
tion with the commissioner and superintendent at least 120
Line 7 Subtract line 6 from line 5 and enter the difference
days before the election at which the proposed issue will be
here.
submitted at the following addresses: Ohio Department of
st
Taxation, Tax Equalization Division, 21
Floor, 30 East Broad
Line 8 Divide line 7 by line 1 and enter the quotient here
Street, Columbus, Ohio 43215-3414 AND Ohio Department
as a percentage. If this percentage is greater than
of Education, Attn: Sonja Hunter, Center for School Options
4.00%, consents of the tax commissioner and the
and Finance, MS 710, 25 South Front Street, Columbus,
superintendent of public instruction are required
Ohio 43215-4183.
to submit the issue to the vote of the electorate,
unless the proposed issue is to raise the school
Line Instructions
district portion of the basic project cost and other
required costs or certain optional costs of a class-
Line 1 Enter total tax valuation from the real and public
room facilities project under Chapter 3318, in which
utility property tax list that was most recently certi-
case no consents are required for that issue (§
fi ed for collection. See Bulletin 8 for a more detailed
133.06(I)). If this percentage is greater than 9.00%,
explanation of the exclusions from tax valuation and
the school district must also acquire the approval
how to obtain them. Include tax valuations from all
of the superintendent as a special needs district to
counties in which the school district is located. This
place the proposed issue on the ballot, unless the
total amount should agree with total on DTE form(s)
proposed issue is to raise the school district portion
13 for that year, if available, and is not necessar-
of the basic project cost and other required costs or
ily the same as that used by the county auditor to
certain optional costs of a classroom facilities project
estimate the millage rate for the ballot.
under Chapter 3318, in which case lines 9 and 10
need not be completed (§ 133.06(I)). See Item 6 of
Line 2 Enter total principal amount of outstanding securi-
Bulletin 8 for more details on the classroom facilities’
ties of the school district, including any amount ap-
excepted debt.
portioned to the district and excluding any amount
apportioned to another school district, as a result
Line 9 Enter superintendent of public instruction’s projected
of the acquisition or loss of territory (§ 133.04(A)).
tax valuation under § 133.06(E)(4).
Exclude any securities to be retired by the proposed
issue (§ 133.34(D)). Always include classroom fa-
Line 10 Divide line 7 by line 9 and enter the quotient here as
cilities securities, but note the instruction to line 8.
a percentage. If this percentage exceeds 12.00%,
Do not include any obligations of a lease-purchase
the commissioner and superintendent cannot con-
or similar agreement (§§ 133.01(GG)(2), (KK) and
sent to the submission of the proposed issue on the
3313.375). State amount of proposed issue and
ballot.
include it in the total.
Line 3 Enter exempt securities on the appropriate lines.
Enter other amounts on (t) and state Revised Code
section(s).
Please Print or Type the Following Information for:
Bond Counsel
School District
Attorney
Treasurer
Firm
School
Address
Address
City/state
ZIP
City/state
ZIP
Telephone number
Telephone number
FAX number
FAX number
E-mail
E-mail

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