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: 29125 County Road 22, Elkhart, IN 46517. Notice is hereby given to taxpayers of Baugo Community Schools that the proper officers of Baugo 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 Bauo Community Schools 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: 29125 County Road 22, Elkhart, IN 46517 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 10,000 10,000 10,000 3) Education Specifications Development 4400 - - - 4) Building Acquisition, Construction and Improvement 4510, 4520, 4530 100,000 100,000 100,000 5) Rental of Buildings, Facilities and Equipment 4550 305,000 310,000 315,000 6) Purchase of Mobile or Fixed Equipment 4700 350,000 350,000 350,000 7) Emergency Allocation 4900 100,000 75,000 50,000 8) Utilities (Maintenance of Buildings) 2620 225,000 225,000 225,000 9) Maintenance of Equipment 2640 415,000 415,000 415,000 10) Sports Facility 4540 - - - 11) Property or Casualty Insurance 2670 140,000 140,000 140,000 12) Other Operation and Maintenance of Plant 2680 25,000 25,000 25,000 13) Technology - - - Instruction-Related Technology 2230 70,000 75,000 75,000 Admin Tech Services 2580 280,000 280,000 285,000 SUBTOTAL CURRENT EXPENDITURES 2,020,000 2,005,000 1,990,000 14) Allocation for Future Projects - 15) Transfer From One Fund to Another 6010 - TOTAL EXPENDITURES, ALLOCATIONS AND TRANSFERS 2,020,000 2,005,000 1,990,000 SOURCES AND ESTIMATES OF REVENUE 1) Projected January 1 Cash Balance 550,000 500,000 450,000 2) Less: Encumbrances Carried Forward from Previous Year 525,000 475,000 425,000 3) Estimated Cash Balance Available for Plan (Line 1 minus Line 2) 25,000 25,000 25,000 4) Property Tax Revenue 1,750,000 1,750,000 1,750,000 5) Estimated Property Tax Cap Credits (show as a negative) (50,000) (75,000) (100,000) 6) Auto Excise, CVET and FIT receipts 120,000 120,000 120,000 7) Other Revenue - TOTAL FUNDS AVAILABLE FOR PLAN (Add lines 3, 4, 5 and 6) 1,845,000 1,820,000 1,795,000 September 1 hspaxlp
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