NOTICE TO TAXPAYERS Complete details of the Capital Projects Fund plan may be seen by visiting the office of this unit of government at the following address: 3075 N. Washington St. Kokomo, IN 46901 Notice is hereby given to taxpayers of Northwestern School Corporation, Howard County, Indiana that the proper officers of Northwestern School Corporation will conduct a public hearing on the year 2017 proposed Capital Projects Fund Plan pursuant to IC 20-46-6-11. Following the public hearing, the proper officers of Northwestern School Corporation may adopt the proposed plan as presented or with revisions. Public Hearing Date: Thursday, September 29, 2016 Public Hearing Time: 7:00 PM Public Hearing Place: Northwestern High School Library, 3431 N. 400 W. Kokomo, IN 46901 Taxpayers are invited to attend the meeting for a detailed explanation of the plan and to exercise their rights to be heard on the proposed plan. If the proposed plan is adopted by resolution, such plan will be submitted to the Department of Local Government Finance for approval. 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 6,000 6,300 6,620 3) Education Specifications Development 4400 4) Building Acquisition, Construction and Improvement 4510, 4520, 4530 690,000 724,500 760,730 5) Rental of Buildings, Facilities and Equipment 4550 6) Purchase of Mobile or Fixed Equipment 4700 121,000 127,050 133,410 7) Emergency Allocation 4900 150,000 157,500 165,380 8) Utilities (Maintenance of Buildings) 2620 235,000 246,750 259,090 9) Maintenance of Equipment 2640 420,000 441,000 463,050 10) Sports Facility 4540 42,000 44,100 46,310 11) Property or Casualty Insurance 2670 100,000 105,000 110,250 12) Other Operation and Maintenance of Plant 2680 13) Technology Instruction-Related Technology 2230 846,800 889,140 933,600 Admin Tech Services 2580 SUBTOTAL CURRENT EXPENDITURES 2,610,800 2,741,340 2,878,440 14) Allocation for Future Projects 15) Transfer From One Fund to Another 6010 TOTAL EXPENDITURES, ALLOCATIONS AND TRANSFERS 2,610,800 2,741,340 2,878,440 SOURCES AND ESTIMATES OF REVENUE 1) Projected January 1 Cash Balance 384,631 376,938 369,400 2) Less: Encumbrances Carried Forward from Previous Year 3) Estimated Cash Balance Available for Plan (Line 1 minus Line 2) 384,631 376,938 369,400 4) Property Tax Revenue 2,262,989 2,330,879 2,400,805 5) Estimated Property Tax Cap Credits (show as a negative) (79,375) (80,963) (82,582) 6) Auto Excise, CVET and FIT receipts 141,288 138,462 135,693 7) Other Revenue 54,073 52,992 51,932 TOTAL FUNDS AVAILABLE FOR PLAN (Add lines 3, 4, 5 and 6) 2,763,606 2,818,308 2,875,248 This notice contains future allocations for the following projects: Project - Location 20__ 20__ 20__ _____________________________ _______ _______ _______ _____________________________ _______ _______ _______ _____________________________ _______ _______ _______ 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 20__ 20__ 20__ ____________________________ _______ _______ _______ ____________________________ _______ _______ _______ ____________________________ _______ _______ _______ Future allocations as specified above are not subject to objections during the period stated in the Notice of Adoption to be published at a later date. ************************************************************************************************************ NOTICE TO TAXPAYERS Complete details of the Bus Replacement Fund plan may be seen by visiting the office of this unit of government at the following address: 3075 N. Washington St., Kokomo, IN 46901 Notice is hereby given to taxpayers of Northwestern School Corporation that the proper officers of Northwestern School Corporation will conduct a public hearing on the year 2017 proposed Bus Replacement Fund Plan pursuant to IC 20-46-5. Following the public hearing, the proper officers of Northwestern School Corporation may adopt the proposed plan as presented or with revisions. Public Hearing Date: Thursday, September 29, 2016 Public Hearing Time: 7:00 PM Public Hearing Place: Northwestern High School Library, 3431 N. 400 W. Kokomo, IN 46901 Taxpayers are invited to attend the meeting for a detailed explanation of the plan and to exercise their rights to be heard on the proposed plan. If the proposed plan is adopted by resolution, such plan will be submitted to the Department of Local Government Finance for approval. The following is a general outline of the proposed plan: No. of Buses to be Total Estimated Year No. of Buses Owned Replaced Replacement Cost Total Contract Costs 2017 23 3 315,000 2018 23 3 300,000 2019 23 1 90,000 2020 23 2 215,000 2021 23 2 215,000 2022 23 1 90,000 2023 23 1 100,000 2024 23 2 215,000 2025 23 2 225,000 2026 23 2 220,000 2027 23 2 220,000 2028 23 2 209,000 **************************************************************************************************** The proposed plan includes additional school buses or school buses with larger seating capacity as compared with the prior school year. Evidence of a demand for increased transportation services is detailed in the proposed plan. School corporation certifies/affirms that the additional buses it plans to acquire are for the purpose of replacement or having larger seating capacity. Number of Additional Buses: ________________ Cost of Additional Buses: ___________________ **************************************************************************************************** The proposed plan includes the replacement of a school bus earlier than its anticipated replacement date. Evidence of need for replacement is detailed in the proposed plan. **************************************************************************************************** SOURCES AND ESTIMATES OF REVENUE 2017 1) Projected January 1 Cash Balance 226,829 2) Less: Encumbrances Carried Forward from Previous Year 3) Estimated Cash Balance Available for Plan (Line 1 minus Line 2) 226,829 4) Property Tax Revenue 192,966 5) Estimated Property Tax Cap Credits (show as a negative) (7,784) 6) Auto Excise, CVET and FIT receipts 10,613 7) Other Revenue TOTAL FUNDS AVAILABLE FOR PLAN (Add lines 3, 4, 5 and 6) 422,624 K-716 Sept. 8 hspaxlp
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