NOTICE OF ADOPTION Notice is hereby given to taxpayers of North West Hendricks School Corporation that the proper officers of North West Hendricks 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 Hendricks 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 11,500 11,500 11,500 2) Professional Services 4300 65,000 70,000 75,000 3) Education Specifications Development 4400 4) Building Acquisition, Construction and Improvement 4510, 4520, 4530 405,000 86,500 117,500 5) Rental of Buildings, Facilities and Equipment 4550 126,100 209,000 314,500 6) Purchase of Mobile or Fixed Equipment 4700 386,087 311,087 341,087 7) Emergency Allocation 4900 100,000 50,000 50,000 8) Utilities 2620 151,950 151,950 151,950 9) Maintenance of Equipment 2640 519,500 344,500 368,500 10) Sports Facility 4540 25,000 25,000 25,000 11) Property or Casualty Insurance 2670 151,950 151,950 151,950 12) Other Operation and Maintenance of Plant 2680 25,000 25,000 25,000 13) Technology Instruction-Related Technology 2230 379,667 195,250 251,750 Admin Tech Services 2580 229,000 232,000 236,000 SUBTOTAL CURRENT EXPENDITURES 2,575,754 1,863,737 2,119,737 14) Allocation for Future Projects 15) Transfer From One Fund to Another 6010 TOTAL EXPENDITURES, ALLOCATIONS AND TRANSFERS 2,575,754 1,863,737 2,119,737 SOURCES AND ESTIMATES OF REVENUE 1) Projected January 1 Cash Balance 1,108,204 2) Less: Encumbrances Carried Forward from Previous Year 3) Estimated Cash Balance Available for Plan (Line 1 minus Line 2) 1,108,204 4) Property Tax Revenue 1,604,408 1,769,584 2,025,584 5) Estimated Property Tax Cap Credits (show as a negative) (231,011) 6) Auto Excise, CVET and FIT receipts 94,153 94,153 94,153 7) Other Revenue TOTAL FUNDS AVAILABLE FOR PLAN (Add lines 3, 4, 5 and 6) 2,575,754 1,863,737 2,119,737 This notice contains future allocations for the following projects: Project - Location 20__ 20__ 20__ _________________________________ _______ _______ _______ _________________________________ _______ _______ _______ _________________________________ _______ _______ _______ 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 20__ 20__ 20__ _________________________________ _______ _______ _______ _________________________________ _______ _______ _______ _________________________________ _______ _______ _______ 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. ********************************************************************************************************** HCF-800 Oct. 19 hspaxlp
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