NOTICE OF ADOPTION Notice Is hereby given to taxpayers of Danville Community School Corporation that the proper officers of Danville 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: EXPENDlTURES: Dept. 2017 2018 2019 1) Land Acquisition and Development 4100 2) Professional Services 4300 50,000 100,000 100,000 3) Education Specifications Development 4400 4) Building Acquisition, Construction and Improvement 4510, 4520, 4530 361,796 350,000 350,000 5) Rent of Buildings, Facilities and Equipment 4550 75,000 75,000 75,000 6) Purchase of Mobile or Fixed Equipment 4700 350,000 300,000 300,000 7) Emergency Allocation 4900 40,000 40,000 40,000 8) Utilities 2620 361,540 361,540 361,540 9) Maintenance of Equipment 2640 800,000 850,000 850,000 10) Sports Facility 4540 11) Property or Casualty insurance 2670 66,686 66,686 66,686 12) Other Operation and Maintenance of Plant 2680 13) Technology Instruction-Related Technology 2230 408,379 410,000 410,000 Admin Tech Services 2580 SUBTOTAL CURRENT EXPENDITURES 2,513,401 2,553,226 2,553,226 14) Allocation for Future Projects 15) Transfer From One Fund to Another 6010 TOTAL EXPENDlTURES, ALLOCATIONS & TRANSFERS 2,513,401 2,553,226 2,553,226 SOURCES AND ESTIMATES OF REVENUE: 1) Projected January 1 Cash Balance 276,534 2) Less Encumbrances Carried Forward From Previous Year 3) Estimated Cash Balance Available for Plan (Line 1 minus Line 2) 276,534 4) Property tax revenue 2,406,957 2,406,957 2,406,957 5) Estimated Property Tax Cap Credits (show as a negative) (340,273) (340,273) (340,273) 6) Auto excise, CVET and FIT receipts 170,183 170,183 170,183 7) Other revenue TOTAL FUNDS AVAILABLE FOR PLAN (Add lines 3,4,5, and 6) 2,513,401 2,236,867 2,236,867 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 the 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 the Notice of Adoption because they have previously been advertised and subject to objection. ********************************************************************************************************************* HCF-850 Oct. 22 hspaxlp
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