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: 8343 South State Road 19, Akron, IN 46910.                 Notice is hereby given to taxpayers of Tippecanoe Valley School Corporation that the proper officers of Tippecanoe Valley School Corportion will conduct a public hearing on the year 2018 proposed Capital Projects Fund Plan pursuant to IC 20-46-6-11.  Following the public hearing, the proper officers of Tippecanoe Valley School Corporation may adopt the proposed plan as presented or with revisions.            Public Hearing Date:  September 11, 2017                         Public Hearing Time: 7:00 p.m.                        Public Hearing Place: Mentone Elementary School, 301 E Jackson Street, Mentone, IN 46539            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.    2018    2019    2020

1)    Land Acquisition and Development    4100

2)    Professional Services    4300

3)    Education Specifications Development    4400

4)    Building Acquisition, Construction

     and Improvement    4510, 4520, 4530    247,500    252,700     233,500

5)    Rental of Buildings, Facilities and Equipment    4550

6)    Purchase of Mobile or Fixed Equipment    4700    321,500    145,000     150,000

7)    Emergency Allocation    4900    650,000    700,000    700,000

8)    Utilities (Maintenance of Buildings)    2620    310,000    310,000    310,000

9)    Maintenance of Equipment    2640    146,100    138,600    135,600

10) Sports Facility    4540    65,000    85,000    42,500

11) Property or Casualty Insurance    2670    103,474    103,474    103,474

12) Other Operation and Maintenance of Plant    2680

13) Technology                            Instruction-Related Technology    2230

    Admin Tech Services    2580    688,150    907,175    683,000

SUBTOTAL CURRENT EXPENDITURES        2,531,724    2,641,949    2,358,074

14) Allocation for Future Projects        600,000    600,000    650,000

15) Transfer From One Fund to Another    6010

TOTAL EXPENDITURES, ALLOCATIONS AND TRANSFERS        3,131,724    3,241,949    3,008,074

SOURCES AND ESTIMATES OF REVENUE                        1)    Projected January 1 Cash Balance        675,774    550,000    600,000

2)    Less: Encumbrances Carried Forward from Previous Year                    3)    Estimated Cash Balance Available for

    Plan (Line 1 minus Line 2)        675,774    550,000    600,000

4)    Property Tax Revenue        2,424,415    2,661,949    2,373,074

5)    Estimated Property Tax Cap Credits (show as a negative)    (62,215)    (65,000)    (65,000)        6)    Auto Excise, CVET and FIT receipts        93,750    95,000    100,000

7)    Other Revenue     -           

TOTAL FUNDS AVAILABLE FOR PLAN (Add lines 3, 4, 5 and 6)    3,131,724    3,241,949    3,008,074

    This notice contains future allocations for the following projects:                    Project - Location        2018    2019    2020        

Parking - Tippecanoe Valley High School        600,000    650,000    650,000

    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        2015    2016    2017

Parking - Tippecanoe Valley High School        550,000    550,000    600,000

    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: 8343 South State Road 19, Akron, IN 46910.                Notice is hereby given to taxpayers of Tippecanoe Valley School Corporation  that the proper officers of Tippecanoe Valley School Corporation will conduct a public hearing on the year 2018 proposed Bus Replacement Fund Plan pursuant to IC 20-46-5.  Following the public hearing, the proper officers of Tippecanoe Valley School Corporation may adopt the proposed plan as presented or with revisions.                Public Hearing Date:  September 11, 2017                         Public Hearing Time: 7:00 p.m.                        Public Hearing Place: Mentone Elementary School, 301 E Jackson Street, Mentone, IN 46539                 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

2018    42    3    294,000         

2019    42    2    201,880         

2020    42    2    207,936         

2021    42    2    214,174         

2022    42    2    220,598         

2023    42    2    227,214         

2024    42    2    234,030         

2025    42    2    241,050         

2026    42    2    248,280         

2027    42    2    255,728         

2028    42    2    263,398         

2029    42    2    271,298         

****************************************************************************************************            SOURCES AND ESTIMATES OF REVENUE                                    2018

1)    Projected January 1 Cash Balance        401,959

2)    Less: Encumbrances Carried Forward from Previous Year    193,899

3)    Estimated Cash Balance Available for Plan (Line 1 minus Line 2)    208,060

4)    Property Tax Revenue            352,424     

5)    Estimated Property Tax Cap Credits (show as a negative)    (13,731)

6)    Auto Excise, CVET and FIT receipts                    7)    Other Revenue    

TOTAL FUNDS AVAILABLE FOR PLAN (Add lines 3, 4, 5 and 6)    546,753     

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