Notice is hereby given to taxpayers of Warsaw Community Schools Corporation that the proper officers of Warsaw Community Schools Corporation 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 Kosciusko 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, disapproval, or modification thereof.
The following is a general outline of the adopted 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 Improvement 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 *********************************************************************************************************************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 2018 2019 2020
Future Allocations as specified above are not subject to objections during the period stated in the Notice of Adoption because they have previously been advertised and subject to objection. 10-24 hspaxlp
