NOTICE OF ADOPTION Notice is hereby given to taxpayers of Logansport Community School Corporation that the proper officers of Board of School Trustees, Logansport Community School Corporation, 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 Cass 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 $0 $0 $0 2) Professional Services 4300 $0 $0 $0 3) Education Specifications Development 4400 $0 $0 $0 4) Building Acquisition, Construction and Improvement 4510, 4520, 4530 $310,000 $320,000 $320,000 5) Rental of Buildings, Facilities and Equipment 4550 $0 $0 $0 6) Purchase of Mobile or Fixed Equipment 4700 $149,500 $149,500 $149,500 7) Emergency Allocation 4900 $577,569 $535,000 $535,000 8) Utilities (Maintenance of Buildings) 2620 $714,500 $714,500 $714,500 9) Maintenance of Equipment 2640 $595,183 $641,683 $641,683 10) Sports Facility 4540 $0 $0 $0 11) Property or Casualty Insurance 2670 $140,211 $140,211 $140,211 12) Other Operation and Maintenance of Plant 2680 $0 $0 $0 13) Technology $0 $0 $0 Instruction-Related Technology 2230 $348,615 $364,193 $377,927 Admin Tech Services 2580 $0 $0 $0 SUBTOTAL CURRENT EXPENDITURES $2,835,578 $2,865,087 $2,878,821 14) Allocation for Future Projects $0 $0 $0 15) Transfer From One Fund to Another 6010 $0 $0 $0 TOTAL EXPENDITURES, ALLOCATIONS AND TRANSFERS $2,835,578 $2,865,087 $2,878,821 SOURCES AND ESTIMATES OF REVENUE 1) Projected January 1 Cash Balance $575,000.00 $0.00 $0.00 2) Less: Encumbrances Carried Forward from Previous Year $0.00 $0.00 $0.00 3) Estimated Cash Balance Available for Plan (Line 1 minus Line 2) $575,000.00 $0.00 $0.00 4) Property Tax Revenue $3,789,597.00 $3,282,668.00 $3,048,070.00 5) Estimated Property Tax Cap Credits (show as a negative) ($1,913,580.00) ($1,913,580.00) ($1,913,580.00) 6) Auto Excise, CVET and FIT receipts $190,221.00 $300,000.00 $300,000.00 7) Other Revenue $0.00 $40,000.00 $40,000.00 TOTAL FUNDS AVAILABLE FOR PLAN (Add lines 3, 4, 5 and 6) $2,641,238 $1,709,088 $1,474,490 This notice contains future allocations for the following projects: Project - Location 2017 2018 2019 _____________________________ _______ _______ _______ _____________________________ _______ _______ _______ _____________________________ _______ _______ _______ Future allocations as specified above are not subject to objections during the period stated in this Notice of Adoption because they have previously been advertised and subject to objection. ********************************************************************************************************** L-379 Sept. 30 hspaxlp
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