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: 1500 South Washington Street, Kokomo, Indiana. Notice is hereby given to taxpayers of Kokomo School Corporation that the proper officers of Kokomo 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 Kokomo School Corporation may adopt the proposed plan as presented or with revisions. Public Hearing Date: September 12, 2016 Public Hearing Time: 6:00 PM Public Hearing Place: Administrative Service Center, 1500 South Washington Street, Kokomo, Indiana 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 300,000 150,000 150,000 2) Professional Services 4300 3) Education Specifications Development 4400 4) Building Acquisition, Construction and Improvement 4510, 4520, 4530 1,700,000 850,000 850,000 5) Rental of Buildings, Facilities and Equipment 4550 6) Purchase of Mobile or Fixed Equipment 4700 485,000 485,000 485,000 7) Emergency Allocation 4900 8) Utilities (Maintenance of Buildings) 2620 1,400,000 1,400,000 1,400,000 9) Maintenance of Equipment 2640 1,454,000 1,454,000 1,454,000 10) Sports Facility 4540 350,000 350,000 350,000 11) Property or Casualty Insurance 2670 208,000 208,000 208,000 12) Other Operation and Maintenance of Plant 2680 13) Technology Instruction-Related Technology 2230 3,006,000 3,327,000 3,449,000 Admin Tech Services 2580 SUBTOTAL CURRENT EXPENDITURES 8,903,000 8,224,000 8,346,000 14) Allocation for Future Projects - 15) Transfer From One Fund to Another 6010 TOTAL EXPENDITURES, ALLOCATIONS AND TRANSFERS 8,903,000 8,224,000 8,346,000 SOURCES AND ESTIMATES OF REVENUE 1) Projected January 1 Cash Balance 2) Less: Encumbrances Carried Forward from Previous Year 3) Estimated Cash Balance Available for Plan (Line 1 minus Line 2) 4) Property Tax Revenue 8,442,100 7,724,000 7,796,000 5) Estimated Property Tax Cap Credits (show as a negative) (4,950,766) 6) Auto Excise, CVET and FIT receipts 460,900 500,000 550,000 7) Other Revenue TOTAL FUNDS AVAILABLE FOR PLAN (Add lines 3, 4, 5 and 6) 3,952,234 8,224,000 8,346,000 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: 1500 S Washington Street, Kokomo, Indiana Notice is hereby given to taxpayers of Kokomo School Corporation that the proper officers of Kokomo School Corporation will conduct a public hearing on the year 2017 proposed Bus Replacement Fund Plan pursuant to IC 20-46-5-6.1. Following the public hearing, the proper officers of Kokomo School Corporation may adopt the proposed plan as presented or with revisions. Public Hearing Date: September 12, 2016 Public Hearing Time: 6:00 p.m. Public Hearing Place: Administrative Service Center, 1500 South Washington Street, Kokomo, Indiana 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: Total Estimated Year No. of Buses Owned No of Buses to be Replaced Replacement Cost 2017 72 8 776,000 2018 72 8 694,000 2019 72 6 704,000 2020 72 6 618,000 2021 72 6 636,000 2022 72 6 648,000 2023 72 6 660,000 2024 72 5 777,000 2025 72 5 790,000 2026 72 5 693,000 2027 72 6 698,000 2028 72 5 535,000 ******************************************************************************************************** SOURCES AND ESTIMATES OF REVENUE 2017 1) Projected January 1 Cash Balance 2) Less: Encumbrances Carried Forward from Previous Year 3) Estimated Cash Balance Available for Plan (Line 1 minus Line 2) 4) Property Tax Revenue 650,000 5) Estimated Property Tax Cap Credits (show as a negative) (474,822) 6) Auto Excise, CVET and FIT receipts 27,500 7) Other Revenue TOTAL FUNDS AVAILABLE FOR PLAN (Add lines 3, 4, 5 and 6) 202,678 K-689 Sept. 1 hspaxlp
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