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: Madison Grant United School Corporation, 11580 S E 00W, Fairmount, IN 46928. Notice is hereby given to taxpayers of Madison Grant United School Corporation that the proper officers of Madison Grant United 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 Madison Grant United School Corporation may adopt the proposed plan as presented or with revisions. Public Hearing Date: September 12, 2016 Public Hearing Time: 7:00 p.m. Public Hearing Place: Madison Grant United School Corporation, 11580 S E 00W, Fairmount, IN 46928 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 263,200 268,500 273,700 3) Education Specifications Development 4400 4) Building Acquisition, Construction and Improvement 4510, 4520, 4530 120,100 143,400 172,100 5) Rental of Buildings, Facilities and Equipment 4550 6) Purchase of Mobile or Fixed Equipment 4700 115,750 117,000 119,000 7) Emergency Allocation 4900 423,253 400,000 400,000 8) Utilities (Maintenance of Buildings) 2620 305,898 305,898 305,898 9) Maintenance of Equipment 2640 78,425 62,750 68,750 10) Sports Facility 4540 45,000 45,000 45,000 11) Property or Casualty Insurance 2670 12) Other Operation and Maintenance of Plant 2680 13) Technology Instruction-Related Technology 2230 42,025 44,000 46,000 Admin Tech Services 2580 310,430 317,878 290,400 SUBTOTAL CURRENT EXPENDITURES 1,704,081 1,704,426 1,720,848 14) Allocation for Future Projects 15) Transfer From One Fund to Another 6010 TOTAL EXPENDITURES, ALLOCATIONS AND TRANSFERS 1,704,081 1,704,426 1,720,848 SOURCES AND ESTIMATES OF REVENUE 1) Projected January 1 Cash Balance 135,978 170,579 2) Less: Encumbrances Carried Forward from Previous Year 3) Estimated Cash Balance Available for Plan (Line 1 minus Line 2) 135,978 170,579 4) Property Tax Revenue 1,653,000 1,516,648 1,498,469 5) Estimated Property Tax Cap Credits (show as a negative) (7,719) (7,000) (7,000) 6) Auto Excise, CVET and FIT receipts 58,500 58,500 58,500 7) Other Revenue 300 300 300 TOTAL FUNDS AVAILABLE FOR PLAN (Add lines 3, 4, 5 and 6) 1,704,081 1,704,426 1,720,848 This notice contains future allocations for the following projects: Project - Location 2017 2018 2019 ___________________________________ _______ _______ _______ ___________________________________ _______ _______ _______ ___________________________________ _______ _______ _______ Future allocations as specified above will be subject to objections during the period stated in the Notice of Adoption to be published at a later date. ************************************************************************************************************ TO BE PUBLISHED IN YEARS AFTER THE FIRST YEAR This notice contains future allocations for the following projects, which have previously been subject to taxpayer objections. Project - Location 2017 2018 2019 ___________________________________ _______ _______ _______ ___________________________________ _______ _______ _______ ___________________________________ _______ _______ _______ Future allocations as specified above are not subject to objections during the period stated in the Notice of Adoption to be published at a later date. ************************************************************************************************************ 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: Madison Grant United School Corporation, 11580 S E 00W, Fairmount, IN 46928 Notice is hereby given to taxpayers of Madison Grant United School Corporation that the proper officers of Madison Grant United 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 Madison Grant United School Corporation may adopt the proposed plan as presented or with revisions. Public Hearing Date: September 12, 2016 Public Hearing Time: 7:00 p.m. Public Hearing Place: Madison Grant United School Corporation, 11580 S E 00W, Fairmount, IN 46928 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 Total Contract Year No. of Buses Owned Replaced Replacement Cost Costs 2017 27 3 285,000 2018 27 2 191,000 2019 27 2 192,000 2020 27 2 193,000 2021 27 2 194,000 2022 27 2 195,000 2023 27 2 196,000 2024 27 2 179,000 2025 27 2 199,000 2026 27 2 200,000 2027 27 3 301,500 2028 27 3 303,000 SOURCES AND ESTIMATES OF REVENUE 2017 1) Projected January 1 Cash Balance 54,821 2) Less: Encumbrances Carried Forward from Previous Year 3) Estimated Cash Balance Available for Plan (Line 1 minus Line 2) 54,821 4) Property Tax Revenue 250,000 5) Estimated Property Tax Cap Credits (show as a negative) (1,889) 6) Auto Excise, CVET and FIT receipts 8,600 7) Other Revenue TOTAL FUNDS AVAILABLE FOR PLAN (Add lines 3, 4, 5 and 6) 311,532 HB-667 Aug. 24 hspaxlp
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