EPCSC Bus Replacement Fund Plan

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: Eastern Pulaski Community School Corporation, 711 School Drive, Winamac, IN 46996

Notice is hereby given to taxpayers of Eastern Pulaski Community School Corporation that the proper officers of Eastern Pulaski 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 Eastern Pulaski Community School Corporation may adopt the proposed plan as presented or with revisions.

Public Hearing Date: October 10, 2016

Public Hearing Time: 5:30 PM

Public Hearing Place: Eastern Pulaski Community School Corporation, Conference/Meeting Center, 711 School Drive, Winamac, IN 46996

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.

No. of No. of Total Estimated Total

Year Buses Owned Buses to be Replaced Replacement Costs Contact Costs

2017 29 3 266,000

2018 29 2 252,000

2019 29 3 270,000

2020 29 2 216,000

2021 29 3 306,000

2022 29 2 220,000

2023 29 4 388,000

2024 29 3 279,000

2025 29 2 226,000

2026 29 3 284,000

2027 29 3 286,000

2028 29 2 232,000

SOURCES AND ESTIMATES OF REVENUE 2017

1) Projected January 1 Cash Balance 400,000

2) Less: Encumbrances Carried Forward from Previous Year

3) Estimated Cash Balance Available for Plan (Line 1 minus line 2) 400,000

4) Property Tax Revenue 232,070

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

6) Auto Excise, CVET and FIT receipts

7) Other Revenue

TOTAL FUNDS AVAILABLE FOR PLAN (Add lines 3, 4, 5 and 6) 632,070

179-16 G 09/28