NOTICE OF ADOPTION Notice is hereby given to the taxpayers of LEBANON COMMUNITY SCHOOL CORPORATION that the proper officers of LEBANON COMMUNITY SCHOOL CORPORATION have established a Capital Projects Fund and adopted a plan under I.C. 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 BOONE 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 proposed plan: EXPENDITURES: Dept. 2017 2018 2019 1) Land Acquisition and Development 4100 - - - 2) Professional Services 4300 10,000 10,000 10,000 3) Education Specifications Development 4400 - - - 4) Building Acquisition, Construction and Improvement 4510, 4520, 4530 232,000 246,000 256,000 5) Rent of Buildings, Facilities and Equipment 4550 10,000 10,000 10,000 6) Purchase of Mobile or Fixed Equipment 4700 947,050 928,000 945,000 7) Emergency Allocations 4900 - - - 8) Utilities 2620 667,443 667,443 667,443 9) Maintenance of Equipment 2640 1,480,000 1,507,500 1,535,000 10) Sports Facility 4540 15,000 15,000 15,000 11) Property or Casualty Insurance 2670 - - - 12) Other Operation and Maintenance of Plant 2680 - - - 13) Technology Instruction - Related Technology 2230 469,550 - - Admin Tech Services 2580 - 475,000 485,000 SUBTOTAL CURRENT EXPENDITURES 3,831,043 3,858,943 3,923,443 14) Allocation for Future Projects - - - 15) Transfer From One Fund to Another 6010 - - - TOTAL EXPENDITURES, ALLOCATIONS, & TRANSFERS 3,831,043 3,858,943 3,923,443 SOURCES AND ESTIMATES OF REVENUE 1) Projected January 1 Cash Balance 269,424 - - 2) Less: Encumbrances Carried Forward From Previous Year - - - 3) Estimated Cash Balance Available for Plan (Line 1 minus Line 2) 269,424 - - 4) Property tax revenue 3,397,619 3,700,943 3,763,443 5) Estimated Property Tax Cap Credits (show as negative) - - - 6) Auto Excise, CVET and FIT receipts 164,000 158,000 160,000 7) Other Revenue - - - TOTAL FUNDS AVAILABLE FOR PLAN (Add lines 3, 4, 5 and 6) 3,831,043 3,858,943 3,923,443 This notice contains future allocations for the following projects: Project - Location 2017 2018 2019 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 This notice contains future allocations for the following projects, which have previously been subject to the taxpayer objections. Project - Location 2017 2018 2019 Future Allocations as specified above are not subject to objections during the period stated in the Notice of Adoption because they have previously been advertised and subject to objection. ********************************************************************************************************************************** TLR-411 10/20 #1226583 hspaxlp
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