Complete details of the Capital Projects Fund plan may be seen by visiting the office of this unit of government at the following address: 1 Administration Dr., Warsaw, IN 46581. Notice is hereby given to taxpayers of Warsaw Community Schools Corporation that the proper officers of Warsaw Community Schools Corporation 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 Warsaw Community Schools Corporation may adopt the proposed plan as presented or with revisions. Public Hearing Date: October 5, 2017 Public Hearing Time 4:00 P.M. Public Hearing Place: 1 Administration Dr., Warsaw, IN 46581 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 100,000
2) Professional Services 4300 170,000 170,000 180,000
3) Education Specifications Development 4400
4) Building Acquisition, Construction
and Improvements 4510,4520,4530 1,845,000 1,435,000 1,420,000
5) Rent of Buildings, Facilities and Equipment 4550 200,000 240,000 235,000
6) Purchase of Mobile or Fixed Equipment 4700 1,600,000 2,700,000 2,735,000
SUBTOTAL CURRENT EXPENDITURES 8,039,348 8,175,000 8,192,000
14) Allocation for Future Projects
15) Transfer From One Fund to Another 6010
TOTAL EXPENDITURES, ALLOCATIONS & TRANSFERS 8,039,348 8,175,000 8,192,000
SOURCES AND ESTIMATES OF REVENUE: 1) Projected January 1 Cash Balance 1,831,003
2) Less Encumbrances Carried Forward From Previous Year 671,139
3) Estimated Cash Balance Available for
Plan (Line 1 minus Line 2) 1,159,864
4) Property tax revenue 9,543,621
5) Estimated Property Tax Cap Credits (show as a negative) (355,869)
6) Auto excise, CVET and FIT receipts 406,947
7) Other revenue
TOTAL FUNDS AVAILABLE FOR PLAN (Add lines 3,4,5, and 6) 10,754,563
This notice contains future allocations for the following projects: Project-Location 2018 2019 2020
Future Allocations as specified above will be subject to objections during the period stated in the Notice of Adoption *********************************************************************************************************************
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: 1 Administration Dr., Warsaw, IN 46581 . Notice is hereby given to taxpayers of Warsaw Community Schools Corporation that the proper officers of Warsaw Community Schools 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 Warsaw Community Schools Corporation may adopt the proposed plan as presented or with revisions. Public Hearing Date: October 5, 2017 Public Hearing Time: 4:00 PM Public Hearing Place: 1 Administration Dr., Warsaw, IN 46581 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 78 7 867,284
2019 78 7 855,721
2020 78 7 907,065
2021 78 5 845,482
2022 78 4 632,168
2023 78 5 837,623
2024 78 6 1,065,456
2025 78 6 1,149,383
2026 78 6 1,237,146
2027 78 8 1,500,471
2028 78 7 1,569,299
2029 78 10 2,262,294
********************************************************************************************************************* 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 2018 1) Projected January 1 Cash Balance 729000 2) Less: Encumbrances Carried Forward from Previous Year 3) Estimated Cash Balance Available for Plan (Line 1 minus Line 2) 729000 4) Property Tax Revenue 995000 5) Estimated Property Tax Cap Credits (show as a negative) -33,243
6) Auto Excise, CVET and FIT receipts 39,000 7) Other Revenue TOTAL FUNDS AVAILABLE FOR PLAN (Add lines 3, 4, 5 and 6) 1729757 9-19 hspaxlp
