NOTICE TO TAX PAYERS The Notice to Taxpayers is available online at www.budgetnotices.in.gov or by calling (888) 739-9826. Complete details of budget estimates by fund and/or department may be seen by visiting the office of this unit of government at 1810 N. GRANT ST., LEBANON, IN. Notice is hereby given to taxpayers of LEBANON COMMUNITY SCHOOL CORPORATION, Boone County, Indiana that the proper officers of LEBANON COMMUNITY SCHOOL CORP will conduct a public hearing on the year 2017 budget. Following this meeting, any ten or more taxpayers may object to a budget, tax rate, or tax levy by filing an objection petition with the proper officers of LEBANON COMMUNITY SCHOOL CORP not more than seven days after the hearing. The objection petition must identify the provisions of the budget, tax rate, or tax levy to which taxpayers object. If a petition is filed, LEBANON COMMUNITY SCHOOL CORP shall adopt with the budget a finding concerning the objections in the petition testimony presented. Following the aforementioned hearing, the proper officers of LEBANON COMMUNITY SCHOOL CORP will meet to adopt the following budget: Date of Public Hearing: September 20, 2016 Date of Adoption Meeting: October 18, 2016 Time of Public Hearing: 7:00 P.M. Time of Adoption Meeting: 7:00 P.M. Public Hearing Place: HIGH SCHOOL Adoption Meeting Place: HIGH SCHOOL 510 ESSEX DR. 510 ESSEX DR. LEBANON, IN LEBANON, IN Est. Transportation Max Levy: $2,050,000 Est. Bus Replacement Max Levy: $410,000 Fund Budget Maximum Excessive Current Name Estimate Estimated Funds to Levy Tax be raised (including Appeals Levy appeals & levies exempt from maximum levy limitations) 0101 GENERAL $23,762,080 $ - $ - $ - 0180 DEBT SERVICE $5,190,755 $4,751,863 $ - $4,746,198 0186 SCHOOL PENSION DEBT $307,799 $357,886 $ - $276,872 1214 CAPITAL PROJECTS $3,831,043 $3,397,619 $ - $2,731,984 6301 TRANSPORTATION $2,060,750 $2,171,443 $ - $1,918,245 6302 BUS REPLACEMENT $486,000 $435,703 $ - $380,536 0061 RAINY DAY FUND $1,500,000 $ - $ - $ - 0287 Referendum Debt Fund - Exempt Capital - Post 2009 $3,453,000 $4,654,226 $ - $3,264,618 Totals $40,591,427 $15,768,740 $ - $13,318,633 NOTICE In addition to the annual budget, the proper officers of LEBANON COMMUNITY SCHOOL CORPORATION will meet at High School, 510 Essex Lebanon, September 20, 2016 at 7:00 P.M. to consider the establishment of a Capital Projects Fund Plan. The following is a general outline of the plan: EXPENDITURES: 2017 2018 2019 (1)Land Acquisition and Development - - - (2)Professional Services 10,000 10,000 10,000 (3)Education Specifications Development - - - (4)Building Acquisition, Construction & Improvement 232,000 246,000 256,000 (5)Rent of Buildings, Facilities and Equipment 10,000 10,000 10,000 (6)Purchase of Mobile or Fixed Equipment 947,050 928,000 945,000 (7)Emergency Allocation - - - (8)Utilities (Maintenance of Buildings) 667,443 667,443 667,443 (9)Maintenance of Equipment 1,480,000 1,507,500 1,535,000 (10)Sports Facility 15,000 15,000 15,000 (11)Property or Casualty Insurance - - - (12)Other Operation and Maintenance of Plant - - - (13)Technology Instruction-Related Technology 469,550 - - Admin Tech Services - 475,000 485,000 SUBTOTAL CURRENT EXPENDITURES 3,831,043 3,858,943 3,923,443 (14)Allocation for Future Projects (Cumulative Totals) - - - (15)Transfer From One Fund to Another - - - TOTAL EXPENDITURES, ALLOCATIONS & TRANSFERS 3,831,043 3,858,943 3,923,443 SOURCES AND ESTIMATES OF REVENUE (1)January 1 Cash Balance 269,424 (2)Less: Encumbrances Carried Forward from Previous Year - (3)Estimated Cash Balance Available for Plan 269,424 (Line 1 minus Line 2) (4)Property Tax Revenue 3,397,619 3,700,943 3,763,443 (5)Estimated Property Tax Cap Credits (show as negative) - (6)Auto Excise, CVET and FIT receipts 164,000 158,000 160,000 (7)Other Revenue (Interest Income) TOTAL FUNDS AVAILABLE FOR PLAN (Add lines 3,4,5,6): 3,831,043 3,858,943 3,923,443 ESTIMATED PROPERTY TAX RATE TO FUND PLAN: 0.2614 0.2741 0.2688 BASED UPON AN ASSESSED VALUTAION OF: 1,300,000,000 1,350,000,000 1,400,000,000 TAXPAYERS ARE INVITED TO ATTENT THE METTING FOR A MORE DETAILED EXPLANATION OF THE PLAN AND TO BE HEARD ON THE PROPOSED PLAN. This notice contains Future Allocations which have not previously been subjected to taxpayer objections. Project - Location Allocation Allocation Allocation year 2017 year 2018 year 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 which have previously been subjected to taxpayer objections. Project - Location Allocation Allocation Allocation year 2020 year 2021 year 2022 ___________________ $ _______ $_______ $_______ ___________________ $________ $_______ $_______ ___________________ $________ $_______ $_______ *Future Allocations as specified above are not subject to objection during the period stated in the Notice of Adoption to be published at a later date. Taxpayers are invited to attend the meeting for a detailed explanation of the plan and to exercise their rights to be heard on the proposal. If the proposal is adopted by resolution, such proposal will be submitted to the Department of Local Government Finance for approval. Dated this 25th day of August, 2016 BOARD PRESIDENT Michael Burtron VICE PRESIDENT Elizabeth Keith SECRETARY David Herr MEMBER Michele Thomas MEMBER Tom Merritt 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: High School, 510 Essex, Lebanon, IN 46052 Notice is hereby given to taxpayers of LEBANON COMMUNITY SCHOOL CORPORATION that the proper officers of LEBANON COMMUNITY SCHOOL CORPORATION will conduct a public hearing on the year 2017 proposed Bus Replacement Fund Plan pursuant to IC 20-46-5. Following the public hearing, the proper officers of LEBANON COMMUNITY SCHOOL CORPORATION may adopt the proposed plan as presented or with revisions. Public Hearing Date: September 20, 2016 Public Hearing Time: 7:00 P.M. Public Hearing Place: High School, 510 Essex, Lebanon, IN 46052 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 No. of buses to Total Estimated Year owned be replaced Replacement Cost 2017 48 5 486,000 2018 48 6 559,000 2019 48 4 430,000 2020 48 4 438,000 2021 48 4 418,000 2022 48 3 324,000 2023 48 4 462,000 2024 48 4 384,000 2025 48 3 352,000 2026 48 4 458,000 2027 48 3 371,000 2028 48 4 537,000 ***************************************************************************************************************************** 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 2017 1)Projected January 1 Cash Balance 27,347 2)Less: Encumbrances Carried Forward from Previous Year 3)Estimated Cash Balance Available for Plan (Line 1 minus Line 2) 27,347 4)Property Tax Revenue 435,703 5)Estimated Property Tax Cap Credits (show as a negative) 6)Auto Excise, CVET and FIT receipts 22,950 7)Other Revenue TOTAL FUNDS AVAILABLE FOR PLAN (Add lines 3, 4, 5 and 6) 486,000 TLR-410 08/25 #1226142 hspaxlp
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