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: 301 E South Street, Washington, In 47501. Notice is hereby given to taxpayers of Washington Community Schools, Daviess County, Indiana that the proper officers of Washington Community Schools 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 Washington Community Schools may adopt the proposed plan as presented or with revisions. Public Hearing Date: September 1, 2016 Public Hearing Time: 12:00 pm Public Hearing Place: Superintendent's Office 301 E South Street, Washington IN 47501 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 Total Estimated Year No. of Buses Owned to be Replaced Replacement Cost Total Contract Costs 2017 10 3 557,936 2018 10 0 0 2019 10 0 0 2020 10 1 103,968 2021 10 1 103,968 2022 10 1 103,968 2023 10 2 100,592 2024 10 2 207,936 2025 10 0 0 2026 10 0 0 2027 10 0 0 2028 10 0 0 **************************************************************************************************** SOURCES AND ESTIMATES OF REVENUE 2017 1) Projected January 1 Cash Balance 4,556 2) Less: Encumbrances Carried Forward from Previous Year 0 3) Estimated Cash Balance Available for Plan (Line 1 minus Line 2) 4,556 4) Property Tax Revenue 553,380 5) Estimated Property Tax Cap Credits (19,675) 6) Auto Excise, CVET and FIT receipts 0 7) Other Revenue 0 TOTAL FUNDS AVAILABLE FOR PLAN (Add lines 3, 4, 5 and 6) 538,261 hspaxlp August 20, 2016
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