NOTICE OF ADOPTION Notice is hereby given to taxpayers of Western Boone School Corporation that the proper officers of Western Boone 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 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, 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 90,500 92,000 95,000 3) Education Specifications Development 4400 4) Building Acquisition, Construction and Improvement 4510, 4520, 4530 223,000 221,000 235,500 5) Rental of Buildings, Facilities and Equipment 4550 6) Purchase of Mobile or Fixed Equipment 4700 282,500 282,500 282,500 7) Emergency Allocation 4900 45,000 45,000 45,000 8) Utilities 2620 346,832 346,832 346,832 9) Maintenance of Equipment 2640 176,000 178,000 181,000 10) Sports Facility 4540 11) Property or Casualty Insurance 2670 12) Other Operation and Maintenance of Plant 2680 13) Technology Instruction-Related Technology 2230 Admin Tech Services 2580 411,963 416,644 423,764 SUBTOTAL CURRENT EXPENDITURES 1,575,795 1,581,976 1,609,596 14) Allocation for Future Projects 15) Transfer From One Fund to Another 6010 TOTAL EXPENDITURES, ALLOCATIONS AND TRANSFERS 1,575,795 1,581,976 1,609,596 SOURCES AND ESTIMATES OF REVENUE 1) Projected January 1 Cash Balance 74,940 2) Less: Encumbrances Carried Forward from Previous Year 3) Estimated Cash Balance Available for Plan (Line 1 minus Line 2) 74,940 4) Property Tax Revenue 1,427,391 1,508,512 1,536,132 5) Estimated Property Tax Cap Credits (show as a negative) 6) Auto Excise, CVET and FIT receipts 73,464 73,464 73,464 7) Other Revenue TOTAL FUNDS AVAILABLE FOR PLAN (Add lines 3, 4, 5 and 6) 1,575,795 1,581,976 1,609,596 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. ********************************************************************************************************** TLR-570 Oct. 25 hspaxlp
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