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: 9815 S. State Road 25, Rochester, IN (Fulton). Notice is hereby given to taxpayers of Caston School Corporation that the proper officers of Caston 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 Caston School Corporation may adopt the proposed plan as presented or with revisions. Public Hearing Date: September 21, 2016 Public Hearing Time: 6:30 P.M. Public Hearing Place: 9815 S. St. Rd. 25, Rochester, IN (Fulton) Caston School Corporation Admin. Building 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 5,000 5,000 5,000 3) Education Specifications Development 4400 4) Building Acquisition, Construction and Improvement 4510, 4520, 4530 120,000 320,000 320,000 5) Rental of Buildings, Facilities and Equipment 4550 6) Purchase of Mobile or Fixed Equipment 4700 487,500 137,500 137,500 7) Emergency Allocation 4900 5,000 5,000 5,000 8) Utilities (Maintenance of Buildings) 2620 9) Maintenance of Equipment 2640 25,000 25,000 25,000 10) Sports Facility 4540 35,000 35,000 35,000 11) Property or Casualty Insurance 2670 50,000 50,000 12) Other Operation and Maintenance of Plant 2680 100,000 100,000 13) Technology Instruction-Related Technology 2230 138,450 138,450 138,450 Admin Tech Services 2580 1,500 1,500 1,500 SUBTOTAL CURRENT EXPENDITURES 817,450 817,450 817,450 14) Allocation for Future Projects 15) Transfer From One Fund to Another 6010 TOTAL EXPENDITURES, ALLOCATIONS AND TRANSFERS 817,450 817,450 817,450 SOURCES AND ESTIMATES OF REVENUE 1) Projected January 1 Cash Balance 2,500 2) Less: Encumbrances Carried Forward from Previous Year 3) Estimated Cash Balance Available for Plan (Line 1 minus Line 2) 2,500 4) Property Tax Revenue 775,224 5) Estimated Property Tax Cap Credits (show as a negative) 6) Auto Excise, CVET and FIT receipts 40,000 7) Other Revenue TOTAL FUNDS AVAILABLE FOR PLAN (Add lines 3, 4, 5 and 6) 817,724 This notice contains future allocations for the following projects: Project - Location 20__ 20__ 20__ __________________________________ _______ _______ _______ __________________________________ _______ _______ _______ __________________________________ _______ _______ _______ 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. ************************************************************************************************************ TO BE PUBLISHED IN YEARS AFTER THE FIRST YEAR This notice contains future allocations for the following projects, which have previously been subject to taxpayer objections. Project - Location 20__ 20__ 20__ _________________________________ _______ _______ _______ _________________________________ _______ _______ _______ _________________________________ _______ _______ _______ Future allocations as specified above are not 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: 9815 S. State Road 25, Rochester, IN (Fulton). Notice is hereby given to taxpayers of Caston School Corporation that the proper officers of Caston 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 Caston School Corporation may adopt the proposed plan as presented or with revisions. Public Hearing Date: September 21, 2016 Public Hearing Time: 6:30 P.M. Public Hearing Place: 9815 S. State Road 25, Rochester, IN (Fulton) in the Caston School Corporation Administration Building 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 Cost 2017 24 2 240,000 2018 24 2019 24 1 75,000 2020 23 1 125,000 2021 23 2 200,000 2022 23 1 125,000 2023 23 2 250,000 2024 23 2 210,000 2025 23 2 520,000 2026 23 2 260,000 2027 23 2 280,000 2028 23 2 280,000 **************************************************************************************************** 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. NOTE: Caston School Corporation will be purchasing (2) mini busses in lieu of replacing one of the large busses with another large school bus. This meets the changing needs of transportation for Caston students. Number of Additional Buses: 1 Cost of Additional Buses: Within replacement cost projected on schedule **************************************************************************************************** SOURCES AND ESTIMATES OF REVENUE 2017 1) Projected January 1 Cash Balance 374,000 2) Less: Encumbrances Carried Forward from Previous Year 3) Estimated Cash Balance Available for Plan (Line 1 minus Line 2) 374,000 4) Property Tax Revenue 170,290 5) Estimated Property Tax Cap Credits (show as a negative) 6) Auto Excise, CVET and FIT receipts 7) Other Revenue TOTAL FUNDS AVAILABLE FOR PLAN (Add lines 3, 4, 5 and 6) 544,290 L-346 Sept. 9 hspaxlp
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