NOTICE OF ADOPTION Notice is hereby given to taxpayers of Eastern Howard School Corporation that the proper officers of Eastern Howard 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 Howard 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, disapproval, or modification thereof. The following is a general outline of the adopted 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 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 K-746 9/20 hspaxlp #1240379
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