NOTICE TO TAXPAYERS Complete details of the Bus Replacement Fund plan may be seen by visiting the office of this unit of government at the following address: Administration Building, 67240 County Road 31, Goshen, IN 46528. Notice is hereby given to taxpayers of Fairfield Community Schools that the proper officers of Fairfield Community Schools will conduct a public hearing on the year 2017 proposed Bus Replacement Fund Plan pursuant to IC 20-46-5-6.1. Following the public hearing, the proper officers of Fairfield Community Schools may adopt the proposed plan as presented or with revisions. Public Hearing Date: August 25, 2016 Public Hearing Time: 7:00 p.m. Public Hearing Place: Administration Building, 67240 County Road 31, Goshen, IN 46528 Taxpayers are invited to attend the meeting for a detailed explanation of the plan and to exercise their rights to be heard on the proposed plan. If the proposed plan is adopted by resolution, such plan will be submitted to the Department of Local Government Finance for approval. The following is a general outline of the proposed plan: Year No. of Buses Owned No. of Buses to be Total Estimated Replaced Replacement Cost Total Contract Costs 2017 37 3 313,000 2018 37 4 314,000 2019 37 3 315,000 2020 37 2 210,000 2021 37 3 330,000 2022 37 2 220,000 2023 37 3 360,000 2024 37 4 425,000 2025 37 2 240,000 2026 37 3 360,000 2027 37 2 240,000 2028 37 4 360,000 ************************************************************************************************************** SOURCES AND ESTIMATES OF REVENUE 2017 1) Projected January 1 Cash Balance 121,247 2) Less: Encumbrances Carried Forward from Previous Year - 3) Estimated Cash Balance Available for Plan (Line 1 minus Line 2) 121,247 4) Property Tax Revenue 265,000 5) Auto Excise, CVET and FIT receipts 15,282 6) Other Revenue - TOTAL FUNDS AVAILABLE FOR PLAN (Add lines 3, 4, 5 and 6) 401,529 July 27 hspaxlp
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