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: 221 WEST MAIN STREET, SUITE ONE; GREENTOWN IN. Notice is hereby given to taxpayers of EASTERN HOWARD SCHOOL CORPORATION that the proper officers of EASTERN HOWARD 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 EASTERN HOWARD SCHOOL CORPORATION may adopt the proposed plan as presented or with revisions. Public Hearing Date: SEPTEMBER 13, 2016 Public Hearing Time: 6:30 P.M. Public Hearing Place: 221 WEST MAIN STREET, SUITE ONE, GREENTOWN, 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 2) Professional Services 4300 3) Education Specifications Development 4400 4) Building Acquisition, Construction and Improvement 4510, 4520, 4530 140,000 105,000 105,000 5) Rental of Buildings, Facilities and Equipment 4550 45,000 43,000 43,000 6) Purchase of Mobile or Fixed Equipment 4700 45,000 30,000 30,000 7) Emergency Allocation 4900 8) Utilities (Maintenance of Buildings) 2620 246,568 246,568 246,568 9) Maintenance of Equipment 2640 47,159 45,000 45,000 10) Sports Facility 4540 15,000 15,000 15,000 11) Property or Casualty Insurance 2670 20,000 20,000 20,000 12) Other Operation and Maintenance of Plant 2680 85,000 75,259 79,095 13) Technology Instruction-Related Technology 2230 195,000 195,000 195,000 Admin Tech Services 2580 160,000 160,000 160,000 SUBTOTAL CURRENT EXPENDITURES 803,727 789,827 793,663 14) Allocation for Future Projects 15) Transfer From One Fund to Another 6010 TOTAL EXPENDITURES, ALLOCATIONS AND TRANSFERS 998,727 934,827 938,663 SOURCES AND ESTIMATES OF REVENUE 1) Projected January 1 Cash Balance 138,278 150,000 130,000 2) Less: Encumbrances Carried Forward from Previous Year 3) Estimated Cash Balance Available for Plan (Line 1 minus Line 2) 138,278 150,000 130,000 4) Property Tax Revenue 1,072,765 1,012,869 1,051,358 5) Estimated Property Tax Cap Credits (show as a negative) (279,088) (293,042) (307,695) 6) Auto Excise, CVET and FIT receipts 66,772 65,000 65,000 7) Other Revenue TOTAL FUNDS AVAILABLE FOR PLAN (Add lines 3,4, 5 and 6) 998,727 934,827 938,663 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: 221 WEST MAIN STREET, SUITE ONE; GREENTOWN IN. Notice is hereby given to taxpayers of EASTERN HOWARD SCHOOL CORPORATION that the proper officers of EASTERN HOWARD 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 EASTERN HOWARD SCHOOL CORPORATION may adopt the proposed plan as presented or with revisions. Public Hearing Date: SEPTEMBER 13, 2016 Public Hearing Time: 6:30 P.M. Public Hearing Place: 221 WEST MAIN STREET, SUITE ONE; GREENTOWN 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 to be Total Estimated Year No. of Buses Owned Replaced Replacement Cost Total Contract Costs 2017 26 4 230,029 2018 26 2019 26 1 90,000 2020 26 1 60,000 2021 26 1 115,000 2022 26 2023 26 3 322,600 2024 26 8 720,000 2025 26 2026 26 4 351,700 2027 26 1 90,000 2028 26 ******************************************************************************************************* 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: 1 Cost of Additional Buses: $94,000 (leased $25,660) ****************************************************************************************************** SOURCES AND ESTIMATES OF REVENUE 2007 1) Projected January 1 Cash Balance 43,631 2) Less: Encumbrances Carried Forward from Previous Year 3) Estimated Cash Balance Available for Plan (Line 1 minus Line 2) 43,631 4) Property Tax Revenue 228,824 5) Estimated Property Tax Cap Credits (show as a negative) (46,036) 6) Auto Excise, CVET and FIT receipts 11,013 7) Other Revenue TOTAL FUNDS AVAILABLE FOR PLAN (Add lines 3,4,5 and 6) 237,432 K-690 Sept. 1 hspaxlp
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