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: 7203 E US Hwy 36, Avon, IN 46123. Notice is hereby given to taxpayers of Avon Community School Corporation that the proper officers of Avon 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 Avon Community School Corporation may adopt the proposed plan as presented or with revisions. Public Hearing Date: September 27, 2016 Public Hearing Time: 5:30 pm Public Hearing Place: Administration Center, 7203 E US Highway 36, Avon, IN 46123 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 plan: EXPENDITURES: Dept. 2017 2018 2019 1) Land Acquisition and Development 4100 2) Professional Services 4300 45,000 45,000 45,000 3) Education Specifications Development 4400 45,000 - - 4) Building Acquisition, Construction and Improvement 4510, 4520, 4530 1,882,000 1,867,500 862,000 5) Rental of Buildings, Facilities and Equipment 4550 490,650 553,332 658,265 6) Purchase of Mobile or Fixed Equipment 4700 1,151,499 1,173,294 1,285,876 7) Emergency Allocation 4900 150,000 150,000 150,000 8) Utilities (Maintenance of Buildings) 2620 1,254,700 1,078,562 1,121,255 9) Maintenance of Equipment 2640 785,237 702,237 682,237 10) Sports Facility 4540 540,000 147,500 49,500 11) Property or Casualty Insurance 2670 515,000 515,000 540,750 12) Other Operation and Maintenance of Plant 2680 13) Technology Instruction-Related Technology 2230 2,315,872 2,399,307 2,528,238 Admin Tech Services 2580 131,785 138,375 156,855 SUBTOTAL CURRENT EXPENDITURES 9,306,743 8,770,107 8,079,976 14) Allocation for Future Projects 15) Transfer From One Fund to Another 6010 TOTAL EXPENDITURES, ALLOCATIONS AND TRANSFERS 9,306,743 8,770,107 8,079,976 SOURCES AND ESTIMATES OF REVENUE 1)Projected January 1 Cash Balance 489,070 2)Less: Encumbrances Carried Forward from Previous Year 3)Estimated Cash Balance Available for Plan (Line 1 minus Line 2) 489,070 - - 4)Property Tax Revenue 8,471,805 9,154,092 8,405,573 5)Estimated Property Tax Cap Credits (show as a negative) 6)Auto Excise, CVET and FIT receipts 314,479 317,624 320,801 7)Other Revenue 31,390 31,705 32,023 TOTAL FUNDS AVAILABLE FOR PLAN (Add lines 3, 4, 5 and 6) 9,306,743 9,503,421 8,758,397 This notice contains future allocations for the following projects: Project - Location 2017 2018 2019 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. ***************************************************************************************************************************** TO BE PUBLISHED IN YEARS AFTER THE FIRST YEAR This notice includes future allocations for the following projects, which have previously been subject to taxpayer objections. Project - Location 2017 2018 2019 NONE 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: 7203 East HS Highway 36, Avon, IN 46123 Notice is hereby given to taxpayers of Avon Community School Corporation that the proper officers of Avon Community School Corporation will conduct a public hearing on the year 2017 proposed Bus Replacement Fund Plan pursuant to IC 20-46-5-6.1. Following the public hearing, the proper officers of Avon Community School Corporation may adopt the proposed plan as presented or with revisions. Public Hearing Date: September 27, 2016 Public Hearing Time: 5:30 PM Public Hearing Place: 7203 East US Highway 36, Avon, IN 46123 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 144 12 1,552,639 2018 144 12 1,615,009 2019 145 12 1,679,610 2020 146 12 1,836,257 2021 147 12 1,863,336 2022 149 12 1,695,975 2023 149 12 2,266,161 2024 150 12 1,969,517 2025 152 12 1,822,784 2026 153 12 2,212,364 2027 153 9 2,110,404 2028 154 10 1,992,501 IF SCHOOL CORPORATION IS SEEKING TO ACQUIRE OR CONTRACT FOR TRANSPORATION SERVICES THAT WILL 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: 149,248.32 SOURCES AND ESTIMATES OF REVENUE 2017 (1)Projected January 1 Cash Balance 566,545 (2)Less: Encumbrances Carried Forward from Previous Year - (3)Estimated Cash Balance Available for Plan (Line 1 minus Line 2) 566,545 (4)Property Tax Revenue 1,494,838 (5)Auto Excise, CVET and FIT receipts 65,976 (6)Other Revenue - TOTAL FUNDS AVAILABLE FOR PLAN (Add lines 3, 4, 5 and 6) 2,127,359 HCF-726 9/21 hspaxlp #1239279
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