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: 203 South Heritage Way, Pendleton, IN 46064 Notice is hereby given to taxpayers of South Madison Community School Corporation that the proper officers of South Madison Community 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 South Madison Community School Corporation may adopt the proposed plan as presented or with revisions. Public Hearing Date: September 22, 2016 Public Hearing Time: 7:00PM Public Hearing Place: 203 South Heritage Way, Pendleton, IN 46064 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 250,000 250,000 250,000 5) Rental of Buildings, Facilities and Equipment 4550 500,000 500,000 500,000 6) Purchase of Mobile or Fixed Equipment 4700 205,000 205,000 205,000 7) Emergency Allocation 4900 500,717 500,717 500,717 8) Utilities (Maintenance of Buildings) 2620 538,984 538,984 538,984 9) Maintenance of Equipment 2640 30,000 30,000 30,000 10) Sports Facility 4540 11) Property or Casualty Insurance 2670 150,000 150,000 150,000 12) Other Operation and Maintenance of Plant 2680 13) Technology Instruction-Related Technology 2230 395,000 395,000 395,000 Admin Tech Services 2580 SUBTOTAL CURRENT EXPENDITURES 2,569,701 2,569,701 2,569,701 14) Allocation for Future Projects 15) Transfer From One Fund to Another 6010 TOTAL EXPENDITURES, ALLOCATIONS AND TRANSFERS 2,569,701 2,569,701 2,569,701 SOURCES AND ESTIMATES OF REVENUE 1) Projected January 1 Cash Balance 97,895 185,000 305,000 2) Less: Encumbrances Carried Forward from Previous Year 3) Estimated Cash Balance Available for Plan (Line 1 minus Line 2) 97,895 185,000 305,000 4) Property Tax Revenue 2,665,600 2,284,701 2,164,701 5) Estimated Property Tax Cap Credits (show as a negative) (348,994) (100,000) (100,000) 6) Auto Excise, CVET and FIT receipts 155,200 200,000 200,000 7) Other Revenue TOTAL FUNDS AVAILABLE FOR PLAN (Add lines 3, 4, 5 and 6) 2,569,701 2,569,701 2,569,701 This notice contains future allocations for the following projects: Project - Location 2017 2018 2019 N/A 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 20__ 20__ 20__ ____________________________ _______ _______ _______ 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: 203 South Heritage Way, Pendleton, IN 46064. Notice is hereby given to taxpayers of South Madison Community School Corporation that the proper officers of South Madison Community 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 South Madison Community School Corporation may adopt the proposed plan as presented or with revisions. Public Hearing Date: September 22, 2016 Public Hearing Time: 7:00PM Public Hearing Place: 203 South Heritage Way, Pendleton, IN 46064 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 41 2 220,000 48,343 2018 41 3 295,000 48,343 2019 41 3 405,000 48,343 2020 41 12 1,300,000 48,343 2021 41 2 220,000 48,343 2022 41 1 115,000 48,343 2023 41 2 265,000 48,343 2024 41 2 182,000 48,343 2025 41 3 360,000 48,343 2026 41 2 207,000 48,343 2027 41 5 605,000 48,343 2028 41 4 535,000 48,343 **************************************************************************************************** The proposed plan includes additional school buses or school buses with larger seating capacity as compared with the prior school year. Evidence of a demand for increased transportation services is detailed in the proposed plan. School corporation certifies/affirms that the additional buses it plans to acquire are for the purpose of replacement or having larger seating capacity. Number of Additional Buses: N/A Cost of Additional Buses: N/A **************************************************************************************************** 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 161,250 2) Less: Encumbrances Carried Forward from Previous Year 3) Estimated Cash Balance Available for Plan (Line 1 minus Line 2) 161,250 4) Property Tax Revenue 502,543 5) Estimated Property Tax Cap Credits (show as a negative) (50,000) 6) Auto Excise, CVET and FIT receipts 34,550 7) Other Revenue TOTAL FUNDS AVAILABLE FOR PLAN (Add lines 3, 4, 5 and 6) 648,343 HB-668 Aug. 24 hspaxlp
↧