Ind. Code § 20-19-7-4
Fiscal and qualitative indicators; factors; state budget committee review
Redline — January 1, 2018 → current.View current text →
Current — January 1, 2023
As of January 1, 2018
Sec. 4. (a) Subject to review by the state budget committee under section 6 of this chapter, the fiscal and qualitative indicators committee shall determine the fiscal and qualitative indicators to be used for evaluating the financial condition of each school corporation.
Sec. 4. (a) Subject to review by the state budget committee under section 6 of this chapter, the DUAB shall determine the fiscal and qualitative indicators to be used for evaluating the financial condition of each school corporation.
(b) The fiscal indicators under subsection (a) may include the following factors:
(b) The fiscal indicators under subsection (a) may include the following factors:
Annual capital expenses compared to total capital assets
Annual capital expenses compared to total capital assets
Average daily membership (ADM)
Average daily membership (ADM)
Common school fund loans
Common school fund loans
Controlled project fund referendum revenue
Controlled project fund referendum revenue
Debt to assessed value and debt to ADM ratios
Debt to assessed value and debt to ADM ratios
Education fund referendum revenue
Education fund referendum revenue
Federal revenues
Federal revenues
Fund cash balances by fund and overall
Fund cash balances by fund and overall
Fund deficits and surpluses by fund and overall
Fund deficits and surpluses by fund and overall
Fund deficits and surpluses combining the education and operations fund and debt
Fund deficits and surpluses combining the education and operations fund and debt
Gross expenditures per ADM
Gross expenditures per ADM
Interfund transfers
Interfund transfers
Operating deficit or surplus
Operating deficit or surplus
Outstanding debt and annual debt service obligations
Outstanding debt and annual debt service obligations
Qualitative indicators as set forth in subsection (c)
Qualitative indicators as set forth in subsection (c)
Salaries and benefits
Salaries and benefits
Seven (7) year trend lines using state fiscal years
Seven (7) year trend lines using state fiscal years
State tuition support
State tuition support
Any other fiscal indicator determined by the fiscal and qualitative indicators committee.
Any other fiscal indicator determined by the DUAB.
(c) The qualitative indicators under subsection (a) may include the following factors:
(c) The qualitative indicators under subsection (a) may include the following factors:
Failure to make required contributions or transfers
Failure to make required contributions or transfers
Issuance of judgment bonds
Issuance of judgment bonds
Missed debt payments
Missed debt payments
Missed payroll
Missed payroll
Past due vendor payments
Past due vendor payments
Any findings related to the financial condition of the school corporation by the Indiana education employment relations board
Any findings related to the financial condition of the school corporation by the Indiana education employment relations board
Any other qualitative indicator determined by the fiscal and qualitative indicators committee.
Any other qualitative indicator determined by the DUAB.
Official source: Indiana General Assembly. Reproduced from public-domain Indiana statutes; confirm against the official source for the current text. Not legal advice.