NOTICE OF ADOPTION Notice is hereby given to taxpayers of Barr-Reeve Community Schools that the proper officers of Barr-Reeve Community Schools 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 Daviess 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 or disapproval thereof. The following is a general outline of the proposed plan: EXPENDITURES Dept. 2017 2018 2019 1) Land Acquisition and Development 4100 10,000 10,000 10,000 2) Professional Services 4300 ______ _____ ______ 3) Education Specifications Development 4400 ______ _____ ______ 4) Building Acquisition, Con. & Improvement 4510,4520,4530 210,000 210,000 210,000 5) Rental of Buildings, Facilities and Equipment 4550 35,000 35,000 35,000 6) Purchase of Mobile or Fixed Equipment 4700 45,000 45,000 45,000 7) Emergency Allocation 4900 90,000 90,000 90,000 8) Utilities (Maintenance of Buildings) 2620 120,000 _____ _____ 9) Maintenance of Equipment 2640 140,000 140,000 140,000 10) Sports Facility 4540 40,000 40,000 40,000 11) Property or Casualty Insurance 2670 50,000 _____ _____ 12) Other Operation and Maintenance of Plant 2680 100,000 100,000 100,000 13) Technology Instruction-Related Technology 2230 160,000 160,000 160,000 Admin Tech Services 2580 _____ _____ _____ SUBTOTAL CURRENT EXPENDITURES 1,000,000 830,000 830,000 14) Allocation for Future Projects 15) Transfer From One Fund to Another 6010 _____ _____ _____ TOTAL EXPENDITURES, ALLOCATIONS AND TRANSFERS 1,000,000 830,000 830,000 SOURCES AND ESTIMATES OF REVENUE 1) Projected January 1 Cash Balance 58,299 _____ _____ 2) Less: Encumbrances Carried Forward from Previous Year _____ _____ 3) Estimated Cash Balance Available for Plan (Line 1 minus Line 2) 58,299 _____ _____ 4) Property Tax Revenue 896,110 790,700 784,700 5) Estimated Property Tax Cap Credits (show as negative) (471) _____ _____ 6) Auto Excise, CVET and FIT receipts 46,062 39,300 45,300 7) Other Revenue TOTAL FUNDS AVAILABLE FOR PLAN (Add lines 3, 4, 5 and 6) 1,000,000 830,000 830,000 This notice contains future allocations for the following projects: Project - Location 2017 2018 2019 ___________________________________________ ________ _________ _________ ___________________________________________ ________ _________ _________ ___________________________________________ ________ _________ _________ Future allocations as specified above will be 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. ********************************************************************************************************************************** hspaxlp October 21, 2016
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