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: Administration Building 104 N Church Street Lizton, IN. Notice is hereby given to taxpayers of North West Hendricks School Corporation that the proper officers of North West Hendricks 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 North West Hendricks School Corporation may adopt the proposed plan as presented or with revisions. Public Hearing Date: September 13, 2016 Public Hearing Time: 6:30 pm Public Hearing Place: Administration Building 104 N Church Street Lizton, IN. 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 11,500 11,500 11,500 2) Professional Services 4300 65,000 70,000 75,000 3) Education Specifications Development 4400 4) Building Acquisition, Construction &Improvement 4510, 4520, 4530 405,000 86,500 117,500 5) Rental of Buildings, Facilities and Equipment 4550 126,100 209,000 314,500 6) Purchase of Mobile or Fixed Equipment 4700 386,087 311,087 341,087 7) Emergency Allocation 4900 100,000 50,000 50,000 8) Utilities (Maintenance of Buildings) 2620 151,950 151,950 151,950 9) Maintenance of Equipment 2640 519,500 344,500 368,500 10) Sports Facility 4540 25,000 25,000 25,000 11) Property or Casualty Insurance 2670 151,950 151,950 151,950 12) Other Operation and Maintenance of Plant 2680 25,000 25,000 25,000 13) Technology Instruction-Related Technology 2230 379,667 195,250 251,750 Admin Tech Services 2580 229,000 232,000 236,000 SUBTOTAL CURRENT EXPENDITURES 2,575,754 1,863,737 2,119,737 14) Allocation for Future Projects 15) Transfer From One Fund to Another 6010 TOTAL EXPENDITURES, ALLOCATIONS AND TRANSFERS 2,575,754 1,863,737 2,119,737 SOURCES AND ESTIMATES OF REVENUE: 1) Projected January 1 Cash Balance 1,108,204 2) Less: Encumbrances Carried Forward from Previous Year 3) Estimated Cash Balance Available for Plan (Line 1 minus Line 2) 1,108,204 - - 4) Property Tax Revenue 1,604,408 1,769,584 2,025,584 5) Estimated Property Tax Cap Credits (show as a negative) (231,011) 6) Auto Excise, CVET and FIT receipts 94,153 94,153 94,153 7) Other Revenue TOTAL FUNDS AVAILABLE FOR PLAN (Add lines 3, 4, 5 and 6) 2,575,754 1,863,737 2,119,737 This notice contains future allocations for the following projects: Project - Location 201_ 201_ 201_ __________________________ _______ _______ _______ __________________________ _______ _______ _______ __________________________ _______ _______ _______ 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 201_ 201_ 201_ _________________________ _______ _______ _______ _________________________ _______ _______ _______ _________________________ _______ _______ _______ 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: Administration Building 104 N Church Street Lizton, IN. Notice is hereby given to taxpayers of North West Hendricks School Corporation that the proper officers of North West Hendricks 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 North West Hendricks School Corporation may adopt the proposed plan as presented or with revisions. Public Hearing Date: September 13, 2016 Public Hearing Time: 6:30 pm Public Hearing Place: Administration Building 104 N Church Street Lizton, IN 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 No. of Buses Total Estimated Total Year Owned to be Replaced Replacement Cost Contract Costs 2017 14 1 160,000 1,000,000 2018 17 1 162,000 1,000,000 2019 17 1 165,000 1,000,000 2020 17 1 167,000 1,000,000 2021 17 1 170,000 1,000,000 2022 17 1 172,000 1,000,000 2023 17 1 174,000 1,000,000 2024 17 1 176,000 1,000,000 2025 17 1 178,000 1,000,000 2026 17 1 180,000 1,000,000 2027 17 2 364,000 1,000,000 2028 17 2 368,000 1,000,000 **************************************************************************************************************************** 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: 3 Cost of Additional Buses: 255,000 **************************************************************************************************************************** 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 282,666 2) Less: Encumbrances Carried Forward from Previous Year 3) Estimated Cash Balance Available for Plan (Line 1 minus Line 2) 282,666 4) Property Tax Revenue 1,497,230 5) Estimated Property Tax Cap Credits (show as a negative) (236,237) 6) Auto Excise, CVET and FIT receipts 83,059 7) Other Revenue TOTAL FUNDS AVAILABLE FOR PLAN (Add lines 3, 4, 5 and 6) 1,626,718 HCF-667 8/31 #1230497 hspaxlp
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