NOTICE OF ADOPTION Notice is hereby given to taxpayers of Avon Community School Corporation that the proper officers of Avon 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 Hendricks 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 45,000 45,000 45,000 3) Education Specifications Development 4400 45,000 4) Building Acquisition, Construction and Improvement 4510, 4520, 4530 1,882,000 1,867,500 862,000 5) Rental of Buildings, Facilities and Equipment 4550 490,650 553,332 658,265 6) Purchase of Mobile or Fixed Equipment 4700 1,151,499 1,173,294 1,285,876 7) Emergency Allocation 4900 150,000 150,000 150,000 8) Utilities 2620 1,254,700 1,078,562 1,121,255 9) Maintenance of Equipment 2640 785,237 702,237 682,237 10) Sports Facility 4540 540,000 147,500 49,500 11) Property or Casualty Insurance 2670 515,000 515,000 540,750 12) Other Operation and Maintenance of Plant 2680 13) Technology Instruction-Related Technology 2230 2,315,872 2,399,307 2,528,238 Admin Tech Services 2580 131,785 138,375 156,855 SUBTOTAL CURRENT EXPENDITURES 9,306,743 8,770,107 8,079,976 14) Allocation for Future Projects 15) Transfer From One Fund to Another 6010 TOTAL EXPENDITURES, ALLOCATIONS AND TRANSFERS 9,306,743 8,770,107 8,079,976 SOURCES AND ESTIMATES OF REVENUE 1) Projected January 1 Cash Balance 489,070 2) Less: Encumbrances Carried Forward from Previous Year 3) Estimated Cash Balance Available for Plan (Line 1 minus Line 2) 489,070 4) Property Tax Revenue 8,471,805 9,154,092 8,405,573 5) Estimated Property Tax Cap Credits (show as a negative) (1,538,788) (1,538,788) (1,538,788) 6) Auto Excise, CVET and FIT receipts 314,479 317,624 320,801 7) Other Revenue 31,390 31,705 32,023 TOTAL FUNDS AVAILABLE FOR PLAN (Add lines 3, 4, 5 and 6) 9,306,743 9,503,421 8,758,397 This notice contains future allocations for the following projects: Project - Location 2017 2018 2019 _____________________________ _______ _______ _______ _____________________________ _______ _______ _______ _____________________________ _______ _______ _______ 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 2017 2018 2019 _____________________________ _______ _______ _______ _____________________________ _______ _______ _______ _____________________________ _______ _______ _______ 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. ********************************************************************************************************** HCF-880 Nov. 2 hspaxlp
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