NOTICE OF ADOPTION Notice is hereby given to taxpayers of Decatur County Community Schools that the proper officers of Decatur County Community Schools 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 Decatur 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: Dept. 2017 2018 2019 EXPENDITURES: 1) Land Acquisition and Development 4100 2) Professional Services 4300 46,000 37,000 37,000 3) Education Specifications Development 4400 10,000 10,000 10,000 4) Building Acquisition, Construction and Improvement 4510,4520,4530 1,170,000 1,245,000 1,220,000 5) Rent of Buildings, Facilities and Equipment 4550 60,000 60,000 60,000 6) Purchase of Mobile or Fixed Equipment 4700 295,000 295,000 285,000 7) Emergency Allocation 4900 175,000 175,000 175,000 8) Utilities 2620 321,446 321,446 321,446 9) Maintenance of Equipment 2640 130,000 135,000 135,000 10) Sports Facility 4540 100,000 100,000 100,000 11) Property or Casualty insurance 2670 100,000 100,000 100,000 12) Other Operation and Maintenance of Plant 2680 13) Technology Instruction-Related Technology 2230 240,000 254,000 269,000 Admin Tech Services 2580 340,000 360,000 375,000 SUBTOTAL CURRENT EXPENDITURES 2,987,446 3,092,446 3,087,446 14) Allocation for Future Projects 550,000 1,100,000 1,650,000 15) Transfer From One Fund to Another 6010 TOTAL EXPENDITURES, ALLOCATIONS & TRANSFERS 3,537,446 4,192,446 4,737,446 SOURCES AND ESTIMATES OF REVENUE: 1) Projected January 1 Cash Balance 1,500,000 2) Less Encumbrances Carried Forward From Previous Year 300,000 3) Estimated Cash Balance Available for Plan (Line 1 minus Line 2) 1,200,000 1,500,000 1,500,000 4) Property tax revenue 2,038,382 2,150,000 2,200,000 5) Estimated Property Tax Cap Credits (show as a negative) (10,578) 6) Auto excise, CVET and FIT receipts 124,675 125,000 130,000 7) Other revenue TOTAL FUNDS AVAILABLE FOR PLAN (Add lines 3,4,5, and 6) 3,352,479 3,775,000 3,830,000 This notice contains future allocations for the following projects: Project-Location 2017 2018 2019 North & South Decatur Jr Sr High Schools - New HVAC units in Kitchens 50,000 50,000 North & South Decatur Elementary Schools - New Ceiling tiles & lights in all classrooms 100,000 100,000 100,000 North & South Decatur Jr Sr High Schools - New ceiling tiles & lights in all classrooms 100,000 150,000 150,000 Future Allocations as specified above will be subject to objections during the period stated in the Notice of Adoption *********************************************************************************************************************** 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 North & South Decatur Elementary Schools - New HVAC units in kitchens 50,000 50,000 North & South Decatur Jr Sr High Schools - Replace tracks 150,000 150,000 100,000 North & South Decatur Elementary Schools - Restroom updates 100,000 50,000 300,000 Future Allocations as specified above are not subject to objections during the period stated in the Notice of Adoption because they have previously been advertised and subject to objection. *********************************************************************************************************************** GDN-284 Sept. 23 hspaxlp
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