NOTICE OF ADOPTION Notice is hereby given to taxpayers of Elwood Community School Corporation that the proper officers of Elwood Community 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 Madison 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 proposed plan: EXPENDITURES: Dept. 2017 2018 2019 1) Land Acquisition and Development 4100 - - - 2) Professional Services 4300 35,000 35,000 35,000 3) Education Specifications Development 4400 - - - 4) Building Acquisition, Construction and Improvements 4510, 4520, 4530 33,000 33,000 33,000 5) Rent of Buildings, Facilities and Equipment 4550 20,000 20,000 20,000 6) Purchase of Mobile or Fixed Equipment 4700 16,500 16,500 16,500 7) Emergency Allocation 4900 50,000 50,000 50,000 8) Utilities (Maintenance of Buildings) 2620 273,500 273,500 273,500 9) Maintenance of Equipment 2640 53,500 53,500 53,500 10) Sports Facility 4540 45,000 45,000 45,000 11) Property or Casualty insurance 2670 125,000 125,000 125,000 12) Other Operation and Maintenance of Plant 2680 - - - 13) Technology Instruction~Related Technology 2230 - - - Admin Tech Services 2580 292,500 292,500 292,500 SUBTOTAL CURRENT EXPENDITURES 944,000 944,000 944,000 14) Allocation for Future Projects 300,000 300,000 300,000 15) Transfer From One Fund to Another 6010 - - - TOTAL EXPENDITURES, ALLOCATIONS & TRANSFERS 1,244,000 1,244,000 1,244,000 SOURCES AND ESTIMATES OF REVENUE: 1) Projected January 1 Cash Balance - - - 2) Less Encumbrances Carried Forward From Previous Year - - - 3) Estimated Cash Balance Available for Plan (Line 1 minus Line 2) - 300,000 600,000 4) Property tax revenue 1,075,416 1,075,416 1,075,416 5) Estimated Property Tax Cap Credits (show as a negative) (493,438) (493,438) (493,438) 6) Auto excise, CVET and FIT receipts 77,927 80,000 83,000 7) Other revenue TOTAL FUNDS AVAILABLE FOR PLAN (Add lines 3,4,5, and 6) 659,905 961,978 1,264,978 This notice contains future allocations for the following projects: Project-Location 2017 2018 2019 Technology - Corporation Wide 300,000 300,000 300,000 Future Allocations as specified above will be subject to objections during the period stated in the Notice of Adoption to be published at a later date. *************************************************************************************************************************** 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 2017 2018 2019 Technology - Corporation Wide 300,000 300,000 300,000 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. HB-837 11/2 hspaxlp #1256425
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