NOTICE OF ADOPTION Notice is hereby given to taxpayers of Charles A Beard Memorial School Corporation that the proper officers of Charles A Beard Memorial 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 Henry/Rush 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 3) Education Specifications Development 4400 4) Building Acquisition, Construction and Improvement 4510, 4520, 4530 184,600 194,300 181,300 5) Rental of Buildings, Facilities and Equipment 4550 12,500 15,000 15,000 6) Purchase of Mobile or Fixed Equipment 4700 20,500 16,600 14,000 7) Emergency Allocation 4900 20,000 20,000 20,000 8) Utilities 2620 220,000 230,000 240,000 9) Maintenance of Equipment 2640 338,765 344,000 338,500 10) Sports Facility 4540 11) Property or Casualty Insurance 2670 100,000 90,000 90,000 12) Other Operation and Maintenance of Plant 2680 13) Technology Instruction-Related Technology 2230 23,000 29,000 47,000 Admin Tech Services 2580 110,500 126,500 130,000 SUBTOTAL CURRENT EXPENDITURES 1,029,865 1,065,400 1,075,800 14) Allocation for Future Projects 15) Transfer From One Fund to Another 6010 TOTAL EXPENDITURES, ALLOCATIONS AND TRANSFERS 1,029,865 1,065,400 1,075,800 SOURCES AND ESTIMATES OF REVENUE 1) Projected January 1 Cash Balance 100,000 64,651 29,251 2) Less: Encumbrances Carried Forward from Previous Year 3) Estimated Cash Balance Available for Plan (Line 1 minus Line 2) 100,000 64,651 29,251 4) Property Tax Revenue 985,550 1,010,000 1,025,000 5) Estimated Property Tax Cap Credits (show as a negative) (49,034) (45,000) (45,000) 6) Auto Excise, CVET and FIT receipts 58,000 65,000 70,000 7) Other Revenue TOTAL FUNDS AVAILABLE FOR PLAN (Add lines 3, 4, 5 and 6) 1,094,516 1,094,651 1,079,251 RR-344 Oct. 25 hspaxlp
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