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: Sheridan High School Library, 24185 N Hinesley Road, Sheridan, IN Notice is hereby given to taxpayers of Sheridan Community Schools that the proper officers of Sheridan Community Schools will conduct a public hearing on the year 2016 proposed Capital Projects Fund Plan pursuant to IC 20-46-6-11. Following the public hearing, the proper officers of Sheridan Community Schools 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: Sheridan High School Library, 24185 N Hinesley Road, Sheridan, 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: Dept. 2017 2018 2019 CURRENT EXPENDITURES: 1) Land Acquisition and Development 4100 2) Professional Services 4300 3) Education Specifications Development 4400 4) Building Acquisition, Construction and Improvement 4510, 4520, 4530 1,076,748 1,087,515 1,098,390 5) Rental of Buildings, Facilities and Equipment 4550 48,000 48,480 48,965 6) Purchase of Mobile or Fixed Equipment 4700 29,000 29,290 29,583 7) Emergency Allocation 4900 15,000 15,150 15,302 8) Utilities (Maintenance of Buildings) 2620 179,539 181,334 183,147 9) Maintenance of Equipment 2640 115,000 116,150 117,312 10) Sports Facility 4540 10,000 10,100 10,201 11) Property or Casualty Insurance 2670 46,000 46,460 46,925 12) Other Operation and Maintenance of Plant 2680 13) Technology Instruction-Related Technology 2230 371,861 383,016 394,506 Admin Tech Services 2580 119,733 123,325 127,025 SUBTOTAL CURRENT EXPENDITURES 2,010,881 2,040,820 2,071,356 14) Allocation for Future Projects 350,000 15) Transfer From One Fund to Another 6010 TOTAL EXPENDITURES, ALLOCATIONS AND TRANSFERS 2,360,881 2,040,820 2,071,356 SOURCES AND ESTIMATES OF REVENUE 1) Projected January 1 Cash Balance 651,698 863,472 960,895 2) Less: Encumbrances Carried Forward from Previous Year 3) Estimated Cash Balance Available for Plan (Line 1 minus Line 2) 651,698 863,472 960,895 4) Property Tax Revenue 1,993,661 2,003,629 2,013,647 5) Estimated Property Tax Cap Credits (show as a negative) (72,649) (72,028) (69,252) 6) Auto Excise, CVET and FIT receipts 65,032 61,047 55,593 7) Other Revenue TOTAL FUNDS AVAILABLE FOR PLAN (Add lines 3, 4, 5 and 6) 2,637,742 2,856,120 2,960,883 This notice contains future allocations for the following projects: Project - Location 2017 201_ 201_ High School Remodeling 350,000 _______ _______ ____________________ _______ _______ _______ ____________________ _______ _______ _______ 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 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: Sheridan High School Library, 24185 N Hinesley Road, Sheridan, IN 46069. Notice is hereby given to taxpayers of Sheridan Community Schools that the proper officers of Sheridan Community Schools 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 Sheridan Community Schools 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: Sheridan High School, 24185 N Hinesley Road, Sheridan, IN 46069 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 to Total Estimated Total Contract Year Owned Replaced Replacement Cost Costs 2017 21 2 268,252 2018 21 2 285,438 2019 21 2 311,753 2020 21 2 263,358 2021 21 2 294,438 2022 21 2 297,438 2023 21 2 300,438 2024 21 2 303,438 2025 21 2 306,438 2026 21 2 263,088 2027 21 1 157,449 2028 ****************************************************************************************************************************** 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: Cost of Additional Buses: **************************************************************************************************************************** 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 57,404 2) Less: Encumbrances Carried Forward from Previous Year 3) Estimated Cash Balance Available for Plan (Line 1 minus Line 2) 57,404 4) Property Tax Revenue 285,938 5) Estimated Property Tax Cap Credits (show as a negative) 6) Auto Excise, CVET and FIT receipts 11,094 7) Other Revenue TOTAL FUNDS AVAILABLE FOR PLAN (Add lines 3, 4, 5 and 6) 354,436 TLR-412 9/01 & 08 #1226458 hspaxlp
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