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: 2829 George Street, Logansport, IN 46947 Notice is hereby given to taxpayers of Logansport Community School Corporation that the proper officers of Logansport Community School Corporation will conduct a public hearing on the year 2017-2019 proposed Capital Projects Fund Plan pursuant to IC 20-46-6-11. Following the public hearing, the proper officers of Logansport Community School Corporation may adopt the proposed plan as presented or with revisions. Public Hearing Date: September 12, 2016 Public Hearing Time: 5:00 p.m. Public Hearing Place: Logansport Community School Corporation, 2829 George Street, Logansport, IN 46947 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 $0 $0 $0 2) Professional Services 4300 $0 $0 $0 3) Education Specifications Development 4400 $0 $0 $0 4) Building Acquisition, Construction and Imp. 4510, 4520, 4530 $310,000 $320,000 $320,000 5) Rental of Buildings, Facilities and Equipment 4550 $0 $0 $0 6) Purchase of Mobile or Fixed Equipment 4700 $149,500 $149,500 $149,500 7) Emergency Allocation 4900 $577,569 $535,000 $535,000 8) Utilities (Maintenance of Buildings) 2620 $714,500 $714,500 $714,500 9) Maintenance of Equipment 2640 $595,183 $641,683 $641,683 10) Sports Facility 4540 $0 $0 $0 11) Property or Casualty Insurance 2670 $140,211 $140,211 $140,211 12) Other Operation and Maintenance of Plant 2680 $0 $0 $0 13) Technology $0 $0 $0 Instruction-Related Technology 2230 $348,615 $364,193 $377,927 Admin Tech Services 2580 $0 $0 $0 SUBTOTAL CURRENT EXPENDITURES $2,835,578 $2,865,087 $2,878,821 14) Allocation for Future Projects $0 $0 $0 15) Transfer From One Fund to Another 6010 $0 $0 $0 TOTAL EXPENDITURES, ALLOCATIONS AND TRANSFERS $2,835,578 $2,865,087 $2,878,821 SOURCES AND ESTIMATES OF REVENUE 1) Projected January 1 Cash Balance $575,000.00 $0.00 $0.00 2) Less: Encumbrances Carried Forward from Previous Year $0.00 $0.00 $0.00 3) Estimated Cash Balance Available for Plan (Line 1 minus Line 2) $575,000.00 $0.00 $0.00 4) Property Tax Revenue $3,789,597.00 $3,282,668.00 $3,048,070.00 5) Estimated Property Tax Cap Credits (show as a negative) ($1,913,580.00) ($1,913,580.00) ($1,913,580.00) 6) Auto Excise, CVET and FIT receipts $190,221.00 $300,000.00 $300,000.00 7) Other Revenue $0.00 $40,000.00 $40,000.00 TOTAL FUNDS AVAILABLE FOR PLAN (Add lines 3, 4, 5 and 6) $2,641,238 $1,709,088 $1,474,490 This notice contains future allocations for the following projects: Project - Location 2017 2018 2019 _______________________________ _______ _______ _______ _______________________________ _______ _______ _______ _______________________________ _______ _______ _______ 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. 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: 2829 George Street, Logansport, IN 46947 Notice is hereby given to taxpayers of Logansport Community School Corporation that the proper officers of Logansport Community School Corporation will conduct a public hearing on the year 2017-2028 proposed Bus Replacement Fund Plan pursuant to IC 20-46-5-6.1. Following the public hearing, the proper officers of Logansport Community School Corporation may adopt the proposed plan as presented or with revisions. Public Hearing Date: September 12, 2016 Public Hearing Time: 5:00 p.m. Public Hearing Place: School Administration Building, 2829 George Street, Logansport, IN 46947 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 Total Contract Year No. of Buses Owned be Replaced Replacement Cost Costs 2017 49 4 417,000 2018 49 4 396,000 2019 49 4 446,000 2020 49 4 429,000 2021 49 4 429,000 2022 49 4 412,000 2023 49 4 525,000 2024 49 4 435,000 2025 49 4 420,000 2026 49 4 428,000 2027 49 4 450,000 2028 49 4 470,000 ************************************************************************************************************** IF SCHOOL CORPORATION IS SEEKING TO ACQUIRE OR CONTRACT FOR TRANSPORTATION SERVICES THAT WILL PROVIDE ADDITIONAL SCHOOL BUSES OR BUSES WITH LARGER SEATING CAPACITY AS COMPARED WITH THE PRIOR SCHOOL YEAR, INCLUDE THE FOLLOWING STATEMENT ON THE NOTICE TO TAXPAYERS. 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: 0 Cost of Additional Buses: 0 ************************************************************************************************************** IF SCHOOL CORPORATION IS SEEKING TO REPLACE A SCHOOL BUS EARLIER THAN 12 YEARS AFTER THE EXISTING BUS WAS ORIGINALLY ACQUIRED OR IS REQUIRING A CONTRACTOR TO REPLACE A SCHOOL BUS, INCLUDE THE FOLLOWING STATEMENT ON THE NOTICE TO TAXPAYERS. 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 20,000 2) Less: Encumbrances Carried Forward from Previous Year 0 3) Estimated Cash Balance Available for Plan (Line 1 minus Line 2) 20,000 4) Property Tax Revenue 412,705 5) Auto Excise, CVET and FIT receipts 27,265 6) Other Revenue 0 TOTAL FUNDS AVAILABLE FOR PLAN (Add lines 3, 4, 5 and 6) 459,970 L-339 Sept. 1
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