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: 1600 Hillcrest Ave., Anderson, IN 46011 Notice is hereby given to taxpayers of Anderson Community School Corporation that the proper officers of Anderson Community School Corporation 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 Anderson Community School Corporation may adopt the proposed plan as presented or with revisions. Public Hearing Date: Tuesday, August 9, 2016 Public Hearing Time: 6:00 P.M. Public Hearing Place: 1600 Hillcrest Ave., Anderson, IN 46011 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: No. of Buses to be Total Estimated Year No. of Buses Owned Replaced Replacement Cost Total Contract Costs 2017 16 2 $200,000 $1,500,000 2018 16 2 $200,000 $1,500,000 2019 16 2 $200,000 $1,500,000 2020 16 2 $200,000 $1,500,000 2021 16 2 $200,000 $1,500,000 2022 16 2 $200,000 $1,500,000 2023 16 2 $200,000 $1,500,000 2024 16 2 $200,000 $1,500,000 2025 16 2 $200,000 $1,500,000 2026 16 2 $200,000 $1,500,000 2027 16 2 $200,000 $1,500,000 2028 16 2 $200,000 $1,500,000 SOURCES AND ESTIMATES OF REVENUE 2017 1) Projected January 1 Cash Balance 2) Less: Encumbrances Carried Forward from Previous Year 3) Estimated Cash Balance Available for Plan (Line 1 minus Line 2) 4) Property Tax Revenue $1,500,000 5) Auto Excise, CVET and FIT receipts $200,000 6) Other Revenue TOTAL FUNDS AVAILABLE FOR PLAN (Add lines 3, 4, 5 and 6) $1,700,000 HB-585 July 28; Aug.4 hspaxlp
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