NOTICE OF ADOPTION Notice is hereby given to taxpayers of Brownsburg Community School Corporation that the proper officers of Brownsburg Community School Corporation have established a Capital Projects Fund and adopted a plan under IC 20-46-6-5. Ten or more taxpayers in the school corporation who will be affected by the plan may file a petition with the County Auditor of Hendricks County, not later than ten (10) days after the publication of this notice, setting forth their objections to the plan. Upon filing of the petition, the County Auditor shall immediately certify the same to the Department of Local Government Finance. The Department will then fix a date and conduct a public hearing on the plan before issuing its approval or disapproval thereof. The following is a general outline of the adopted plan: Dept. EXPENDITURES: 2017 2018 2019 4100 1). Land Acquisition and Development 1,178,820 1,249,000 1,103,500 4300 2). Professional Services 123,000 113,000 103,000 4400 3). Education Specifications Development 30,000 30,000 30,000 4510 4). Building Acquisition, Const, and Imprvts. 2,530,900 2,219,000 3,157,000 4550 5). Rental of Buildings, Facilities, Equipment - - - 4700 6). Purchase of Mobile or Fixed Equipment 418,750 402,750 377,000 4900 7). Emergency Allocation 380,000 380,000 355,000 2620 8). Utilities 980,250 980,250 980,250 2640 9). Maintenance of Equipment 259,500 295,000 332,000 4540 10). Sports Facility 179,000 340,000 40,000 2670 11). Property or Casualty Insurance 199,983 199,983 199,983 2680 12). Other Operation and Maintenance of Plant 360,000 425,000 475,000 13). Technology 2230 Instruction Related Technology 2,490,800 2,632,800 2,495,500 2580 Admin. Tech Services - - - SUBTOTAL CURRENT EXPENDITURES 9,131,003 9,266,783 9,648,233 14). Allocations for Future Projects - - - 6010 15). Transfer From One Fund to Another - - TOTAL EXPENDITURES, ALLOCATIONS, TRANSFERS 9,131,003 9,266,783 9,648,233 SOURCES AND ESTIMATES OF REVENUE 1). Projected January 1 Cash Balance 900,000 900,000 900,000 2). Less: Encumbrances From Previous Year 850,000 850,000 850,000 3). Estimated Cash Balance Available for Plan 50,000 50,000 50,000 4). Property Tax Revenue 8,731,003 8,866,783 9,248,233 5). Auto Excise, CVET, and FIT receipts 300,000 300,000 300,000 6). Other Revenue 50,000 50,000 50,000 TOTAL FUNDS AVAILABLE FOR PLAN (3+4+5+6) 9,131,003 9,266,783 9,648,233 This notice contains future allocations for the following projects: None 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. HCF-730 9/17 hspaxlp #1239861
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