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: 373 North Main Street, Montgomery, IN. Notice is hereby given to taxpayers of Barr-Reeve Community Schools, Inc. that the proper officers of Barr-Reeve Community Schools, Inc. will conduct a public hearing on the year 2017 proposed Bus Replacement Fund Plan pursuant to IC 20-46-5. Following the public hearing, the proper officers of Barr-Reeve Community Schools, Inc. may adopt the proposed plan as presented or with revisions. Public Hearing Date: August 31, 2016 Public Hearing Time: 5:30 PM Public Hearing Place: Barr-Reeve Schools Central Office 373 North Main Street, Montgomery, IN 47558 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 Replaced Total Estimated Replacement Cost 2017 4 4 266,676 2018 1 1 83,042 2019 0 0 0 2020 0 0 0 2021 0 0 0 2022 2 2 166,084 2023 0 0 0 2024 0 0 0 2025 0 0 0 2026 0 0 0 2027 0 0 0 2028 0 0 0 **************************************************************************************************** SOURCES AND ESTIMATES OF REVENUE 2017 1) Projected January 1 Cash Balance 15,881 2) Less: Encumbrances Carried Forward from Previous Year 0 3) Estimated Cash Balance Available for Plan (Line 1 minus Line 2) 15,881 4) Property Tax Revenue 266,676 5) Estimated Property Tax Cap Credits (show as a negative) (23) 6) Auto Excise, CVET and FIT receipts 0 7) Other Revenue 0 TOTAL FUNDS AVAILABLE FOR PLAN (Add lines 3, 4, 5 and 6) 282,534 hspaxlp August 19, 2016
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