NOTICE OF ADOPTION Notice is hereby given to taxpayers of Sunman Dearborn Community Schools that the proper officers of Sunman Dearborn 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 Dearborn/Ripley 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 adopted plan: EXPENDITURES Dept. 2017 2018 2019 1) Land Acquisition and Development 4100 2) Professional Services 4300 500,200 600,000 600,000 3) Education Specifications Development 4400 4) Building Acquisition, Construction and Improvement 4510, 4520, 4530 1,141,450 1,190,000 1,190,000 5) Rental of Buildings, Facilities and Equipment 4550 110,000 200,000 200,000 6) Purchase of Mobile or Fixed Equipment 4700 914,000 630,000 630,000 7) Emergency Allocation 4900 150,000 150,000 150,000 8) Utilities 2620 797,699 797,699 797,699 9) Maintenance of Equipment 2640 200,000 268,000 268,000 10) Sports Facility 4540 55,000 55,000 55,000 11) Property or Casualty Insurance 2670 12) Other Operation and Maintenance of Plant 2680 13) Technology Instruction-Related Technology 2230 Admin Tech Services 2580 41,000 41,000 41,000 SUBTOTAL CURRENT EXPENDITURES 3,909,349 3,931,699 3,931,699 14) Allocation for Future Projects 15) Transfer From One Fund to Another 6010 TOTAL EXPENDITURES, ALLOCATIONS AND TRANSFERS 3,909,349 3,931,699 3,931,699 SOURCES AND ESTIMATES OF REVENUE 1) Projected January 1 Cash Balance 1,000,000 1,500,000 1,500,000 2) Less: Encumbrances Carried Forward from Previous Year - 550,000 550,000 3) Estimated Cash Balance Available for Plan (Line 1 minus Line 2) 1,000,000 950,000 950,000 4) Property Tax Revenue 3,112,069 3,000,000 3,000,000 5) Auto Excise, CVET and FIT receipts 230,800 235,000 235,000 6) Other Revenue - TOTAL FUNDS AVAILABLE FOR PLAN (Add lines 3, 4, 5 and 6) 4,342,869 4,185,000 4,185,000 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 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 ________________________________ _______ _______ _______ 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. B-130 10/21 hspaxlp #1252451
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