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School fiscal indicators: what to know

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:

  • Average Daily Membership (ADM)
  • December 31 Year-End Fund Balances
  • Annual Deficit/Surplus
  • December 31 Year-End Fund Balances as Percent of Expenditures
  • Tuition Support per ADM as compared to General Fund Expenditures per ADM
  • Annual Revenue by Type
  • Operating Referendum Revenue as Percent of Total Revenue
  • General Fund Salaries and Benefits as Percent of General Fund Expenditures

Upcoming DUAB Dates and Activities:

  • Jan. 1, 2019 – Release report of fiscal indicators for all school corporations
  • June 1, 2019 – Release report of school corporations possibly in need of a Corrective Action Plan
  • After June 1, 2019 – Assess June 1 report completed by DUAB Executive Director
  • After DUAB Assessment – Determines which school corporations are to develop a Corrective Action Plan

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 US, LLP, an accounting firm. Baker Tilly US, LLP, trading as Baker Tilly, is a member of the global network of Baker Tilly International Ltd., the members of which are separate and independent legal entities.

Brock J. Bowsher
Director, MPA
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