NOTICE OF ADOPTION Notice is hereby given to taxpayers of Washington Community Schools, Inc. that the proper officers of Washington Community Schools, Inc. 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 Daviess 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 220,000 220,000 220,000 2) Professional Services 4300 80,000 80,000 80,000 3) Education Specifications Development 4400 4) Building Acquisition, Construct.& Improve. 4510,4520,4530 710,000 430,000 430,000 5) Rental of Buildings, Facilities and Equipment 4550 150,000 140,000 140,000 6) Purchase of Mobile or Fixed Equipment 4700 280,000 300,000 300,000 7) Emergency Allocation 4900 70,000 70,000 70,000 8) Utilities 2620 430,000 430,000 430,000 9) Maintenance of Equipment 2640 130,000 130,000 130,000 10) Sports Facility 4540 50,000 50,000 50,000 11) Property or Casualty Insurance 2670 150,000 150,000 150,000 12) Other Operation and Maintenance of Plant 2680 13) Technology Instruction-Related Technology 2230 710,000 710,000 710,000 Admin Tech Services 2580 SUBTOTAL CURRENT EXPENDITURES 2,980,000 2,710,000 2,710,000 14) Allocation for Future Projects 15) Transfer From One Fund to Another 6010 TOTAL EXPENDITURES, ALLOCATIONS AND TRANSFERS 2,980,000 2,710,000 2,710,000 SOURCES AND ESTIMATES OF REVENUE 1) Projected January 1 Cash Balance 96,595 2) Less: Encumbrances Carried Forward from Previous Year 3) Estimated Cash Balance Available for Plan (Line 1 minus Line 2) 96,595 - 4) Property Tax Revenue 2,799,405 2,547,000 2,537,000 5) Estimated Property Tax Cap Credits(shown as a negative) (453,893) (453,893) (453,893) 6) Auto Excise, CVET and FIT receipts 84,000 163,000 173,000 6) Other Revenue TOTAL FUNDS AVAILABLE FOR PLAN (Add lines 3, 4, 5 and 6) 2,526,107 2,256,107 2,256,107 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 this 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 ___________________________________________ ________ ________ ________ ___________________________________________ ________ ________ ________ ___________________________________________ ________ ________ ________ They have previously been advertised and subject to objection. ********************************************************************************************************************************** hspaxlp September 23,2016
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