NOTICE OF TAXPAYERS 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: 373 North Main Street Montgomery, Indiana 47558. Notice is hereby given to taxpayers of Barr-Reeve School Corporation that the proper officers of Barr-Reeve 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 Barr-Reeve School Corporation may adopt the proposed plan as presented or with revisions. Public Hearing Date: October 18, 20016 Public Hearing Time: 7:00pm Public Hearing Place: Barr-Reeve Central Office 373 North Main Street, Montgomery, Indiana 47558 Taspayers 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 10,000 10,000 10,000 2) Professional Services 4300 ______ _____ ______ 3)Education Specifications Development 4400 ______ _____ ______ 4) Building Acquisition, Con. & Improvement 4510,4520,4530 210,000 210,000 210,000 5) Rental of Buildings, Facilities and Equipment 4550 35,000 35,000 35,000 6) Purchase of Mobile or Fixed Equipment 4700 45,000 45,000 45,000 7) Emergency Allocation 4900 90,000 90,000 90,000 8) Utilities (Maintenance of Buildings) 2620 120,000 _____ _____ 9) Maintenance of Equipment 2640 140,000 140,000 140,000 10) Sports Facility 4540 40,000 40,000 40,000 11) Property or Casualty Insurance 2670 50,000 _____ _____ 12) Other Operation and Maintenance of Plant 2680 100,000 100,000 100,000 13) Technology Instruction-Related Technology 2230 160,000 160,000 160,000 Admin Tech Services 2580 _____ _____ _____ SUBTOTAL CURRENT EXPENDITURES 1,000,000 830,000 830,000 14) Allocation for Future Projects 15) Transfer From One Fund to Another 6010 _____ _____ _____ TOTAL EXPENDITURES, ALLOCATIONS AND TRANSFERS 1,000,000 830,000 830,000 SOURCES AND ESTIMATES OF REVENUE 1) Projected January 1 Cash Balance 58,299 _____ _____ 2) Less: Encumbrances Carried Forward from Previous Year _____ _____ 3) Estimated Cash Balance Available for Plan (Line 1 minus Line 2) 58,299 _____ _____ 4) Property Tax Revenue 896,110 790,700 784,700 5) Estimated Property Tax Cap Credits (show as negative) (471) _____ _____ 6) Auto Excise, CVET and FIT receipts 46,062 39,300 45,300 7) Other Revenue TOTAL FUNDS AVAILABLE FOR PLAN (Add lines 3, 4, 5 and 6) 1,000,000 830,000 830,000 This notice contains future allocations for the following projects: Project - Location 2017 2018 2019 ___________________________________________ ________ _________ _________ ___________________________________________ ________ _________ _________ ___________________________________________ ________ _________ _________ 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 2017 2018 2019 ___________________________________________ ________ ________ ________ ___________________________________________ ________ ________ ________ ___________________________________________ ________ ________ ________ 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. **************************************************************************************************** hspaxlp September 22, 2016
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