NOTICE OF ADOPTION Notice is hereby given to taxpayers of Caston School Corporation that the proper officers of Caston 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 Fulton 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 5,000 5,000 5,000 3) Education Specifications Development 4400 4) Building Acquisition, Construction and Improvement 4510, 4520, 4530 120,000 320,000 320,000 5) Rental of Buildings, Facilities and Equipment 4550 6) Purchase of Mobile or Fixed Equipment 4700 487,500 137,500 137,500 7) Emergency Allocation 4900 5,000 5,000 5,000 8) Utilities 2620 9) Maintenance of Equipment 2640 25,000 25,000 25,000 10) Sports Facility 4540 35,000 35,000 35,000 11) Property or Casualty Insurance 2670 50,000 50,000 12) Other Operation and Maintenance of Plant 2680 100,000 100,000 13) Technology Instruction-Related Technology 2230 138,450 138,450 138,450 Admin Tech Services 2580 1,500 1,500 1,500 SUBTOTAL CURRENT EXPENDITURES 817,450 817,450 817,450 14) Allocation for Future Projects 15) Transfer From One Fund to Another 6010 TOTAL EXPENDITURES, ALLOCATIONS AND TRANSFERS 817,450 817,450 817,450 SOURCES AND ESTIMATES OF REVENUE 1) Projected January 1 Cash Balance 2,500 2) Less: Encumbrances Carried Forward from Previous Year 3) Estimated Cash Balance Available for Plan (Line 1 minus Line 2) 2,500 4) Property Tax Revenue 775,224 5) Estimated Property Tax Cap Credits (show as a negative) 6) Auto Excise, CVET and FIT receipts 40,000 7) Other Revenue TOTAL FUNDS AVAILABLE FOR PLAN (Add lines 3, 4, 5 and 6) 817,724 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. ********************************************************************************************************** L-398 Oct. 25 hspaxlp
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