NOTICE OF ADOPTION Notice is hereby given to taxpayers of Madison Grant United School Corporation that the proper officers of Madison Grant United 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 Grant or Madison 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 2) Professional Services 4300 263,200 268,500 273,700 3) Education Specifications Development 4400 4) Building Acquisition, Construction and Improvement 4510, 4520, 4530 120,100 143,400 172,100 5) Rental of Buildings, Facilities and Equipment 4550 6) Purchase of Mobile or Fixed Equipment 4700 115,750 117,000 119,000 7) Emergency Allocation 4900 423,253 400,000 400,000 8) Utilities 2620 305,898 305,898 305,898 9) Maintenance of Equipment 2640 78,425 62,750 68,750 10) Sports Facility 4540 45,000 45,000 45,000 11) Property or Casualty Insurance 2670 12) Other Operation and Maintenance of Plant 2680 13) Technology Instruction-Related Technology 2230 42,025 44,250 44,750 Admin Tech Services 2580 310,430 317,628 291,650 SUBTOTAL CURRENT EXPENDITURES 1,704,081 1,704,426 1,720,848 14) Allocation for Future Projects 15) Transfer From One Fund to Another 6010 TOTAL EXPENDITURES, ALLOCATIONS AND TRANSFERS 1,704,081 1,704,426 1,720,848 SOURCES AND ESTIMATES OF REVENUE 1) Projected January 1 Cash Balance 135,978 170,579 2) Less: Encumbrances Carried Forward from Previous Year 3) Estimated Cash Balance Available for Plan (Line 1 minus Line 2) 135,978 170,579 4) Property Tax Revenue 1,653,000 1,516,648 1,498,469 5) Estimated Property Tax Cap Credits (show as a negative) (7,719) (7,000) (7,000) 6) Auto Excise, CVET and FIT receipts 58,500 58,500 58,500 7) Other Revenue 300 300 300 TOTAL FUNDS AVAILABLE FOR PLAN (Add lines 3, 4, 5 and 6) 1,704,081 1,704,426 1,720,848 This notice contains future allocations for the following projects: Project - Location 2017 2018 2019 ____________________________ _______ _______ _______ ____________________________ _______ _______ _______ ____________________________ _______ _______ _______ Future allocations as specified above are 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 ___________________________ _______ _______ _______ ___________________________ _______ _______ _______ ___________________________ _______ _______ _______ 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. ********************************************************************************************************** HB-796 Oct. 7 hspaxlp
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