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: 1306 North Anderson St. Notice is hereby given to taxpayers of Elwood Community School Corporation that the proper officers of Elwood 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 Elwood Community School Corporation may adopt the proposed plan as presented or with revisions. Public Hearing Date: October 13, 2016 Public Hearing Time: 7:00 PM Public Hearing Place: 1306 North Anderson St. 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 35,000 35,000 35,000 3) Education Specifications Development 4400 4) Building Acquisition, Construction and Improvements 4510, 4520, 4530 33,000 33,000 33,000 5) Rent of Buildings, Facilities and Equipment 4550 20,000 20,000 20,000 6) Purchase of Mobile or Fixed Equipment 4700 16,500 16,500 16,500 7) Emergency Allocation 4900 50,000 50,000 50,000 8) Utilities (Maintenance of Buildings) 2620 273,500 273,500 273,500 9) Maintenance of Equipment 2640 53,500 53,500 53,500 10) Sports Facility 4540 45,000 45,000 45,000 11) Property or Casualty insurance 2670 125,000 125,000 125,000 12) Other Operation and Maintenance of Plant 2680 13) Technology Instruction~Related Technology 2230 Admin Tech Services 2580 292,500 292,500 292,500 SUBTOTAL CURRENT EXPENDITURES 944,000 944,000 944,000 14) Allocation for Future Projects 300,000 300,000 300,000 15) Transfer From One Fund to Another 6010 TOTAL EXPENDITURES, ALLOCATIONS & TRANSFERS 1,244,000 1,244,000 1,244,000 SOURCES AND ESTIMATES OF REVENUE: 1) Projected January 1 Cash Balance 2) Less Encumbrances Carried Forward From Previous Year 3) Estimated Cash Balance Available for Plan (Line 1 minus Line 2) 300,000 600,000 4) Property tax revenue 1,075,416 1,075,416 1,075,416 5) Estimated Property Tax Cap Credits (show as a negative) (493,438) (493,438) (493,438) 6) Auto excise, CVET and FIT receipts 77,927 80,000 83,000 7) Other revenue TOTAL FUNDS AVAILABLE FOR PLAN (Add lines 3,4,5, and 6) 659,905 961,978 1,264,978 This notice contains future allocations for the following projects: Project-Location 2017 2018 2019 Technology - Corporation Wide 300,000 300,000 300,000 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 Technology - Corporation Wide 300,000 300,000 300,000 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: 1306 North Anderson Street. Notice is hereby given to taxpayers of Elwood Community School Corporation that the proper officers of Elwood Community 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 Elwood Community School Corporation may adopt the proposed plan as presented or with revisions. Public Hearing Date: October 13, 2016 Public Hearing Time: 7:00 PM Public Hearing Place: 1306 North Anderson Street 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 Costs 2017 23 2 200000 2018 23 2 220000 2019 23 2 250000 2020 23 2 270000 2021 23 2 280000 2022 23 2 300000 2023 23 2 200000 2024 23 2 350000 2025 23 2 360000 2026 23 2 380000 2027 23 2 400000 2028 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: _______________ Cost of Additional Buses:________________ *********************************************************************************************************************** The proposed plan includes the replacement of a school bus earlier than its anticipated replacement date. Evidence of need for replacement is detailed in the proposed plan. ************************************************************************************************************************** SOURCES AND ESTIMATES OF REVENUE 2017 1)Projected January 1 Cash Balance 2)Less: Encumbrances Carried Forward from Previous Year 3)Estimated Cash Balance Available for Plan (Line 1 minus Line 2) 4)Property Tax Revenue 190123 5)Estimated Property Tax Cap Credits (show as a negative) -114835 6)Auto Excise, CVET and FIT receipts 14900 7)Other Revenue TOTAL FUNDS AVAILABLE FOR PLAN (Add lines 3, 4, 5 and 6) 90188 HB-589 Sept. 19, Sept. 22 hspaxlp #1241151
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