NOTICE TO TAXPAYERS The Notice to Taxpayers is available online at www.budgetnotices.in.gov or by calling (888) 739-9826. Complete details of budget estimates by fund and/or department may be seen by visiting the office of this unit of government at 8139 W US Highway 40, Knightstown. Notice is hereby given to taxpayers of CHARLES A. BEARD MEMORIAL SCHOOL CORPORATION, Henry County, Indiana that the proper officers of Charles A Beard MSC will conduct a public hearing on the year 2017 budget. Following this meeting, any ten or more taxpayers may object to a budget, tax rate, or tax levy by filing an objection petition with the proper officers of Charles A Beard MSC not more than seven days after the hearing. The objection petition must identify the provisions of the budget, tax rate, or tax levy to which taxpayers object. If a petition is filed, Charles A Beard MSC shall adopt with the budget a finding concerning the objections in the petition and testimony presented. Following the aforementioned hearing, the proper officers of Charles A Beard MSC will meet to adopt the following budget: Public Hearing Date Tuesday, October 04, 2016 Adoption Meeting Date Tuesday, October 18, 2016 Public Hearing Time 7:00 PM Adoption Meeting Time 7:00 PM Public Hearing Location KHS Media Center, 8149 W. Adoption Meeting Location KHS Media Center, 8149 W. US Highway 40, Knightstown US Highway 40, Knightstown Est. Transportation Max Levy $844,993 Est. Bus Repl. Max Levy $208,669 Property Tax Cap Credit Estimate $113,798 1 2 3 4 5 Fund Name Budget Estimate Maximum Estimated Excessive Current Funds to be Raised Levy Appeals Tax Levy (including appeals and levies exempt from maximum levy limitations) 0101-GENERAL $8,500,000 $0 $0 $0 0180-DEBT SERVICE $2,242,943 $2,023,920 $0 $2,041,675 1214-CAPITAL PROJECTS (School) $1,029,865 $985,550 $0 $806,816 6301-TRANSPORTATION $1,150,000 $912,144 $0 $814,039 6302-BUS REPLACEMENT $200,000 $186,473 $0 $167,091 Totals $13,122,808 $4,108,087 $0 $3,829,621 NOTICE TO TAXPAYERS Complete details of the Capital Projects Fund plan may be seen by visiting the office of this unit of government at the following address: 8139 W US Highway 40, Knightstown, IN. Notice is hereby given to taxpayers of Charles A Beard Memorial School Corporation that the proper officers of Charles A Beard Memorial School Corporation will conduct a public hearing on the year 2017 proposed Capital Projects Fund Plan pursuant to IC 20-46-6-11. Following the public hearing, the proper officers of Charles A Beard Memorial School Corporation may adopt the proposed plan as presented or with revisions. Public Hearing Date: October 4, 2016 Public Hearing Time: 7:00 pm Public Hearing Place: KHS Media Center, 8149 W US Hwy 40, Knightstown 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: EXPENDITURES Dept. 2017 2018 2019 1) Land Acquisition and Development 4100 2) Professional Services 4300 3) Education Specifications Development 4400 4) Building Acquisition, Construction and Improvement 4510, 4520, 4530 184,600 194,300 181,300 5) Rental of Buildings, Facilities and Equipment 4550 12,500 15,000 15,000 6) Purchase of Mobile or Fixed Equipment 4700 20,500 16,600 14,000 7) Emergency Allocation 4900 20,000 20,000 20,000 8) Utilities (Maintenance of Buildings) 2620 220,000 230,000 240,000 9) Maintenance of Equipment 2640 338,765 344,000 338,500 10) Sports Facility 4540 11) Property or Casualty Insurance 2670 100,000 90,000 90,000 12) Other Operation and Maintenance of Plant 2680 13) Technology Instruction-Related Technology 2230 23,000 29,000 47,000 Admin Tech Services 2580 110,500 126,500 130,000 SUBTOTAL CURRENT EXPENDITURES 1,029,865 1,065,400 1,075,800 14) Allocation for Future Projects 15) Transfer From One Fund to Another 6010 TOTAL EXPENDITURES, ALLOCATIONS AND TRANSFERS 1,029,865 1,065,400 1,075,800 SOURCES AND ESTIMATES OF REVENUE 1) Projected January 1 Cash Balance 100,000 64,651 29,251 2) Less: Encumbrances Carried Forward from Previous Year 3) Estimated Cash Balance Available for Plan (Line 1 minus Line 2) 100,000 64,651 29,251 4) Property Tax Revenue 985,550 1,010,000 1,025,000 5) Estimated Property Tax Cap Credits (show as a negative) (49,034) (45,000) (45,000) 6) Auto Excise, CVET and FIT receipts 58,000 65,000 70,000 7) Other Revenue TOTAL FUNDS AVAILABLE FOR PLAN (Add lines 3, 4, 5 and 6) 1,094,516 1,094,651 1,079,251 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: 8139 W US Highway 40, Knightstown, IN. Notice is hereby given to taxpayers of Charles A Beard Memorial School Corporation that the proper officers of Charles A Beard Memorial School Corporation 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 Charles A Beard Memorial School Corporation may adopt the proposed plan as presented or with revisions. Public Hearing Date: October 4, 2016 Public Hearing Time: 7:00pm Public Hearing Place: KHS Media Center, 8149 W US Highway 40, Knightstown 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 26 6 200,000 2018 26 200,000 2019 26 180,000 2020 26 170,000 2021 26 150,000 2022 26 2 180,000 2023 26 12 240,000 2024 26 240,000 2025 26 240,000 2026 26 240,000 2027 26 240,000 2028 26 5 240,000 **************************************************************************************************** The proposed plan includes the replacement of a school bus earlier than its anticipated replacement date. Evidence of need for replacement is detailed in the proposed plan. **************************************************************************************************** SOURCES AND ESTIMATES OF REVENUE 2017 1) Projected January 1 Cash Balance 15,269 2) Less: Encumbrances Carried Forward from Previous Year 3) Estimated Cash Balance Available for Plan (Line 1 minus Line 2) 15,269 4) Property Tax Revenue 186,473 5) Estimated Property Tax Cap Credits (show as a negative) (12,515) 6) Auto Excise, CVET and FIT receipts 11,100 7) Other Revenue TOTAL FUNDS AVAILABLE FOR PLAN (Add lines 3, 4, 5 and 6) 200,327 RR-263 Aug. 23 hspaxlp
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