NOTICE OF ADOPTION Notice is hereby given to taxpayers of Northwestern School Corporation, Howard County, Indiana that the proper officers of Northwestern 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 2) Professional Services 4300 6,000 6,300 6,620 3) Education Specifications Development 4400 4) Building Acquisition, Construction and Improvement 4510, 4520, 4530 690,000 724,500 760,730 5) Rental of Buildings, Facilities and Equipment 4550 6) Purchase of Mobile or Fixed Equipment 4700 121,000 127,050 133,410 7) Emergency Allocation 4900 150,000 157,500 165,380 8) Utilities 2620 235,000 246,750 259,090 9) Maintenance of Equipment 2640 420,000 441,000 463,050 10) Sports Facility 4540 42,000 44,100 46,310 11) Property or Casualty Insurance 2670 100,000 105,000 110,250 12) Other Operation and Maintenance of Plant 2680 13) Technology Instruction-Related Technology 2230 846,800 889,140 933,600 Admin Tech Services 2580 SUBTOTAL CURRENT EXPENDITURES 2,610,800 2,741,340 2,878,440 14) Allocation for Future Projects 15) Transfer From One Fund to Another 6010 TOTAL EXPENDITURES, ALLOCATIONS AND TRANSFERS 2,610,800 2,741,340 2,878,440 SOURCES AND ESTIMATES OF REVENUE 1) Projected January 1 Cash Balance 384,631 376,938 369,400 2) Less: Encumbrances Carried Forward from Previous Year 3) Estimated Cash Balance Available for Plan (Line 1 minus Line 2) 384,631 376,938 369,400 4) Property Tax Revenue 2,262,989 2,330,879 2,400,805 5) Estimated Property Tax Cap Credits (show as a negative) (79,375) (80,963) (82,582) 6) Auto Excise, CVET and FIT receipts 141,288 138,462 135,693 7) Other Revenue 54,073 52,992 51,932 TOTAL FUNDS AVAILABLE FOR PLAN (Add lines 3, 4, 5 and 6) 2,763,606 2,818,308 2,875,248 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. ********************************************************************************************************** K-804 Oct. 20 hspaxlp
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