TIPPECANOE VALLEYL CPF & BUS FUND
August 23, 2017 at 2:09 p.m.
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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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
8-28 hspaxlp