On Jan. 1, 2019, fiscal indicators will be publicly available for all Indiana school corporations for the first time. The Distressed Units Appeal Board (DUAB) committee, in accordance with Indiana Code, established the following fiscal indicators that will be available on the DUAB website beginning January 1, 2019:
Upcoming DUAB Dates and Activities:
School corporations that are required to prepare a Corrective Action Plan may remain in the Corrective Action Plan process for as long as necessary until financial concerns are resolved to the satisfaction of DUAB.
The DUAB committee will review and update the fiscal indicators annually and regularly determine whether additional school corporations may qualify for a Corrective Action Plan. School corporations should closely monitor and develop an understanding of what is influencing these fiscal indicators at a local level. The fiscal indicators can be used as an opportunity to help promote community understanding and engagement.
For more information on this topic, or to learn how Baker Tilly municipal specialists can help, contact our team.
Baker Tilly Municipal Advisors, LLC is a registered municipal advisor and wholly-owned subsidiary of Baker Tilly Virchow Krause, LLP, an accounting firm.