NORTH JUDSON-SAN PIERRE SCHOOL CORPORATION Bus Replacement Fund
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: NJ-SP School Corporation, 801 Campbell Drive, North Judson, IN 46366.
Notice is hereby given to taxpayers of North Judson-San Pierre School Corporation that the proper officers of North Judson-San Pierre 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 North Judson-San Pierre School Corporation may adopt the proposed plan as presented or with revisions.
Public Hearing Date: October 18, 2016
Public Hearing Time: 7:00 p.m.
Public Hearing Place: NJ-SP Administrative Office, 801 Campbell Drive, North Judson, IN 46366
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
2017 30 2 $215,000
2018 30 3 $306,000
2019 30 3 $324,000
2020 30 2 $160,000
2021 30 2 $240,000
2022 30 2 $252,000
2023 30 2 $264,000
2024 30 3 $414,000
2025 30 3 $414,000
2026 30 2 $304,000
2027 30 2 $316,000
2028 30 2 $328,000
SOURCES AND ESTIMATES OF REVENUE 2017
1) Projected January 1 Cash Balance $50,000 2) Less: Encumbrances Carried Forward from Previous Year
3) Estimated Cash Balance Available for Plan (Line 1 minus Line 2) $50,000 4) Property Tax Revenue $195,736 5) Estimated Property Tax Cap Credits (show as a negative) 6) Auto Excise, CVET and FIT receipts $15,297 7) Other Revenue TOTAL FUNDS AVAILABLE FOR PLAN (Add lines 3, 4, 5 and 6) $261,033
157-16 G 09/07