Elkhart Community Schools NOTICE OF ADOPTION Notice is hereby given to taxpayers of Elkhart Community Schools that the proper officers of Elkhart 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 Elkhart 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 or disapproval thereof. The following is a general outline of the adopted plan: EXPENDITURES Dept. 2017 2018 2019 1) Land Acquisition and Development 4100 300,000 100,000 100,000 2) Professional Services 4300 300,000 300,000 300,000 3) Education Specifications Development 4400 4) Building Acquisition, Construction and Improvement 4510, 4520, 4530 3,913,955 7,234,630 6,536,975 5) Rental of Buildings, Facilities and Equipment 4550 925,000 925,000 925,000 6) Purchase of Mobile or Fixed Equipment 4700 808,875 889,797 866,767 7) Emergency Allocation 4900 500,000 500,000 500,000 8) Utilities 2620 2,482,000 2,482,000 2,482,000 9) Maintenance of Equipment 2640 840,000 850,250 860,756 10) Sports Facility 4540 200,000 200,000 200,000 11) Property or Casualty Insurance 2670 180,000 180,000 180,000 12) Other Operation and Maintenance of Plant 2680 13) Technology Instruction-Related Technology 2230 2,259,820 2,372,811 2,491,452 Admin Tech Services 2580 413,545 434,222 455,933 SUBTOTAL CURRENT EXPENDITURES 13,123,195 16,468,710 15,898,883 14) Allocation for Future Projects 7,000,000 8,000,000 8,000,000 15) Transfer From One Fund to Another 6010 TOTAL EXPENDITURES, ALLOCATIONS AND TRANSFERS 20,123,195 24,468,710 23,898,883 SOURCES AND ESTIMATES OF REVENUE 1)Projected January 1 Cash Balance 6,000,000 7,000,000 8,000,000 2)Less: Encumbrances Carried Forward from Previous Year 3)Estimated Cash Balance Available for Plan (Line 1 minus Line 2) 6,000,000 7,000,000 8,000,000 4)Property Tax Revenue 14,165,088 14,000,000 14,000,000 5)Estimated Property Tax Cap Credits (show as a negative) (1,000,000) (1,000,000) (1,000,000) 6)Auto Excise, CVET and FIT receipts 1,038,934 1,000,000 1,000,000 7)Other Revenue TOTAL FUNDS AVAILABLE FOR PLAN (Add lines 3, 4, 5 and 6) 20,204,022 21,000,000 22,000,000 This notice contains future allocations for the following projects: Project - Location 2017 2018 2019 Pool Renovation/Expansion - Memorial High School 8,000,000 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 Project - Location 2017 2018 2019 Pool Renovation/Expansion - Memorial High School 7,000,000 8,000,000 Future allocations as specified above are not subject to objections during the period stated in the Notice of Adoption. ********************************************************************************************************** September 28 hspaxlp
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