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: 626 N Huntersville Road. Notice is hereby given to taxpayers of Batesville Community School Corporation that the proper officers of Batesville Community 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 Batesville Community School Corporation may adopt the proposed plan as presented or with revisions. Public Hearing Date: September 19, 2016 Public Hearing Time: 6:00 PM Public Hearing Place: Batesville Middle School Commons, 201 N. Mulberry Street 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 200,000 200,000 200,000 2) Professional Services 4300 20,000 20,000 20,000 3) Education Specifications Development 4400 4) Building Acquisition, Construction and Improvement 4510, 4520, 4530 520,000 530,000 535,000 5) Rental of Buildings, Facilities and Equipment 4550 75,000 75,000 75,000 6) Purchase of Mobile or Fixed Equipment 4700 210,000 210,000 210,000 7) Emergency Allocation 4900 170,000 175,000 180,000 8) Utilities (Maintenance of Buildings) 2620 300,000 300,000 300,000 9) Maintenance of Equipment 2640 780,000 780,000 780,000 10) Sports Facility 4540 11) Property or Casualty Insurance 2670 60,000 60,000 60,000 12) Other Operation and Maintenance of Plant 2680 13) Technology Instruction-Related Technology 2230 745,000 750,000 755,000 Admin Tech Services 2580 20,000 25,000 30,000 SUBTOTAL CURRENT EXPENDITURES 3,100,000 3,125,000 3,145,000 14) Allocation for Future Projects 15) Transfer From One Fund to Another 6010 TOTAL EXPENDITURES, ALLOCATIONS AND TRANSFERS 3,100,000 3,125,000 3,145,000 SOURCES AND ESTIMATES OF REVENUE 1) Projected January 1 Cash Balance 474,577 500,000 500,000 2) Less: Encumbrances Carried Forward from Previous Year 3) Estimated Cash Balance Available for Plan (Line 1 minus Line 2) 474,577 500,000 500,000 4) Property Tax Revenue 2,708,423 2,705,000 2,725,000 5) Estimated Property Tax Cap Credits (show as a negative) (20,000) 6) Auto Excise, CVET and FIT receipts 317,000 320,000 320,000 7) Other Revenue TOTAL FUNDS AVAILABLE FOR PLAN (Add lines 3, 4, 5 and 6) 3,480,000 3,525,000 3,545,000 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: 626 N. Huntersville Road. Notice is hereby given to taxpayers of Batesville Community School Corporation that the proper officers of Batesville Community 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 Batesville Community School Corporation may adopt the proposed plan as presented or with revisions. Public Hearing Date: Monday, September 19, 2016 Public Hearing Time: 6:00 PM Public Hearing Place: Batesville Middle School Commons, 201 N. Mulberry Street 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: Year No. of Buses Owned No. of Buses to be Replaced Total Estimated Replacement Cost 2017 19 1 125,000 2018 19 2 250,000 2019 19 1 130,000 2020 19 1 130,000 2021 19 1 130,000 2022 19 - 2023 19 2 270,000 2024 19 3 315,000 2025 19 2 230,000 2026 19 2 250,000 2027 19 2 275,000 2028 19 1 140,000 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: 115,000 SOURCES AND ESTIMATES OF REVENUE 2017 1)Projected January 1 Cash Balance 160,569 2)Less: Encumbrances Carried Forward from Previous Year 3)Estimated Cash Balance Available for Plan (Line 1 minus Line 2) 160,569 4)Property Tax Revenue 176,431 5)Estimated Property Tax Cap Credits (show as a negative) (1,000) 6)Auto Excise, CVET and FIT receipts 13,000 7)Other Revenue TOTAL FUNDS AVAILABLE FOR PLAN (Add lines 3, 4, 5 and 6) 349,000 B-111 September 6 hspaxlp #1236038
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