NOTICE TO TAXPAYERS Complete details of the Capital Projects Fund may be seen by visiting the office of this unit of government at the following address: 2720 California Road, Elkhart, IN 46514. Notice is hereby given to taxpayers of Elkhart Community Schools that the proper officers of Elkhart Community Schools 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 Elkhart Community Schools may adopt the proposed plan as presented or with revisions. Public Hearing Date: September 13, 2016 Public Hearing Time: at 7:00 PM Public Hearing Location: 2720 California Road, Elkhart, IN 46514 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 300,000 100,000 100,000 2) Professional Services 4300 300,000 300,000 300,000 3) Education Specifications Development 4400 - - - 4) Building Acquisition, Construction and Improvement 4510, 4520, 4530 3,913,955 7,234,630 6,536,975 5) Rental of Buildings, Facilities and Equipment 4550 925,000 925,000 925,000 6) Purchase of Mobile or Fixed Equipment 4700 808,875 889,797 866,767 7) Emergency Allocation 4900 500,000 500,000 500,000 8) Utilities (Maintenance of Buildings) 2620 2,482,000 2,482,000 2,482,000 9) Maintenance of Equipment 2640 840,000 850,250 860,756 10) Sports Facility 4540 200,000 200,000 200,000 11) Property or Casualty Insurance 2670 180,000 180,000 180,000 12) Other Operation and Maintenance of Plant 2680 - - - 13) Technology Instruction-Related Technology 2230 2,259,820 2,372,811 2,491,452 Admin Tech Services 2580 413,545 434,222 455,933 SUBTOTAL CURRENT EXPENDITURES 13,123,195 16,468,710 15,898,883 14) Allocation for Future Projects 7,000,000 8,000,000 8,000,000 15) Transfer From One Fund to Another 6010 TOTAL EXPENDITURES, ALLOCATIONS AND TRANSFERS 20,123,195 24,468,710 23,898,883 SOURCES AND ESTIMATES OF REVENUE 1) Projected January 1 Cash Balance 6,000,000 7,000,000 8,000,000 2) Less: Encumbrances Carried Forward from Previous Year 3) Estimated Cash Balance Available for Plan (Line 1 minus Line 2) 6,000,000 7,000,000 8,000,000 4) Property Tax Revenue 14,165,088 14,000,000 14,000,000 5) Estimated Property Tax Cap Credits (show as a negative) (1,000,000 )(1,000,000) (1,000,000)6) Auto Excise, CVET and FIT receipts 1,038,934 1,000,000 1,000,000 7) Other Revenue - - - TOTAL FUNDS AVAILABLE FOR PLAN (Add lines 3, 4, 5 and 6) 20,204,022 21,000,000 22,000,000 This notice contains future allocations for the following projects: Project - Location 2017 2018 2019 Memorial High School -- Pool Renovation/Expansion 8,000,000 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 Memorial High School -- Pool Renovation/Expansion 7,000,000 8,000,000 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. ************************************************************************************************************** August 26 hspaxlp
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