NOTICE OF ADOPTION Notice is hereby given to taxpayers of Kokomo School Corporation that the proper officers of Kokomo 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 Howard 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 300,000 150,000 150,000 2) Professional Services 4300 3) Education Specifications Development 4400 4) Building Acquisition, Construction and Improvement 4510, 4520, 4530 1,700,000 850,000 850,000 5) Rental of Buildings, Facilities and Equipment 4550 6) Purchase of Mobile or Fixed Equipment 4700 485,000 485,000 485,000 7) Emergency Allocation 4900 8) Utilities 2620 1,400,000 1,400,000 1,400,000 9) Maintenance of Equipment 2640 1,454,000 1,454,000 1,454,000 10) Sports Facility 4540 350,000 350,000 350,000 11) Property or Casualty Insurance 2670 208,000 208,000 208,000 12) Other Operation and Maintenance of Plant 2680 13) Technology Instruction-Related Technology 2230 3,006,000 3,327,000 3,449,000 Admin Tech Services 2580 SUBTOTAL CURRENT EXPENDITURES 8,903,000 8,224,000 8,346,000 14) Allocation for Future Projects 15) Transfer From One Fund to Another 6010 TOTAL EXPENDITURES, ALLOCATIONS AND TRANSFERS 8,903,000 8,224,000 8,346,000 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) 4) Property Tax Revenue 8,442,100 7,724,000 7,796,000 5) Estimated Property Tax Cap Credits (show as a negative) (4,950,766) 5) Auto Excise, CVET and FIT receipts 460,900 500,000 550,000 6) Other Revenue TOTAL FUNDS AVAILABLE FOR PLAN (Add lines 3, 4, 5 and 6) 3,952,234 8,224,000 8,346,000 K-776 Oct. 6 hspaxlp
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