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Resource Guide ISBA 1
BUDGETING and FINANCIAL OVERSIGHT for SCHOOL BOARD MEMBERS
RESOURCE GUIDE
Resource Guide ISBA 1
BUDGETING and FINANCIAL OVERSIGHT for SCHOOL BOARD MEMBERS
RESOURCE GUIDE
INDIANA SCHOOL BOARDS ASSOCIATIONOne North Capitol Avenue, Suite 1215
Indianapolis, IN 46204(317) 639-0330 (317)454-0731 Fax
www.isba-ind.org
Resource Guide ISBA 3
TABLE of CONTENTS
Foreward ....................................................................................................................................5
Introduction to State Agencies ....................................................................................................6
Key Financial Calendar Dates ......................................................................................................8
DLGF Budget Calendar Memo ......................................................................................................9
DLGF 2018-2019 Budget Calendar ............................................................................................. 10
Revenue Overview .................................................................................................................... 17
State Funding Formula .............................................................................................................. 19
Expenditures Overview .............................................................................................................. 23
HEA 1009-2017 ....................................................................................................................... 24
Internal Financial Reporting ...................................................................................................... 26
Financial Resource Guide Monthly Checklist .............................................................................. 28
Appendix A
Glossary of Terms ............................................................................................................... 32
Appendix B – Chart of Accounts / Funds By Source
IDOE Chart of Accounts....................................................................................................... 36
Layout and Values .............................................................................................................. 37
Table of Funds .................................................................................................................... 38
Funding Source by Fund ...................................................................................................... 51
Appendix C – Sample Internal Reports
Comparative Financial Statement ....................................................................................... 54
Budget Variance Letter ........................................................................................................ 55
Bank and Investment Statement ......................................................................................... 56
Debt Service Worksheet ...................................................................................................... 57
Sample Cashflow Template ................................................................................................. 58
Appendix D – Sample Resolutions
Resolution to Establish Education Fund and Operations Fund ................................................ 63
Resolution to Establish Initial Funding for the Education Fund ............................................... 64
Resolution to Establish Initial Funding for Operations Fund ................................................... 65
Resolution to Transfer Amounts from Education Fund to the Operations Fund ........................ 66
Appendix E
Tax Increment Financing Overview ....................................................................................... 67
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FOREWARD
With the issue of financial oversight of school corporations becoming a consistent statewide discussion topic, the Indiana School Boards Association (ISBA) is working to empower our membership to provide effective leadership in the budget development process. During the 2018 short session of the Indiana General Assembly, House Enrolled Act 1315 (Public Law 213), regarding school corporation financial management, passed into law, and as a result, school corporations will face increasing scrutiny of their financial conditions via a fiscal and qualitative indicators dashboard that will be published annually. The financial oversight and adoption of an annual budget is a core responsibility of school board members. School board members must be accountable to ensure the financial solvency of their school corporation.
To support board members in this role, ISBA commissioned the development of this resource guide, “Introduction to Budgeting and Financial Oversight for School Board Members” and the accompanying calendar checklist. We are fortunate to have partnered with Mr. Dennis Tackitt, a Senior Consultant with Policy Analytics, LLC. Prior to this position, Mr. Tackitt served for 20 years as the Chief Financial Officer of the Metropolitan School District of Wayne Township, where he had responsibility for finance, facilities, transportation, and child nutrition.
This guide is intended to provide board members with a breadth of information, including: an overview of state agency roles and responsibilities, the annual financial calendar, state and local revenues, local expenditures and accounting, internal financial reporting, and provide sample board resolutions and reporting templates for school board members to use on a regular basis. It is envisioned that this resource guide will be updated on biannual basis and continued training and support will be offered to members by ISBA via future webinars, seminars, and conferences.
I hope you find this resource guide as a helpful, user-friendly tool to support you in fulfilling your duties and obligations as a school board member of one of Indiana’s 289 school corporations. Thank you for your valued membership and your service to your school community. Your leadership is to be commended!
Sincerely, Terry Spradlin, Executive Director
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INTRODUCTION TO STATE AGENCIES
STATE BUDGET AGENCY (SBA)Facilitates the process of revenue forecasting, budget development and budget implementation. The Budget Agency evaluates and communicates the fiscal and policy impacts of legislative proposals with the objective of assuring the best information is available to decision makers.
OFFICE OF MANAGEMENT AND BUDGET (OMB)Department of Revenue: Administers the tax laws of the State of Indiana in an equitable and courteous manner to promote the highest degree of public trust and voluntary compliance.
Department of Local Government Finance: Protects the interests of all Indiana property tax payers by assuring uniform and equitable assessments and by providing oversight of the budgets of all local governmental units in the state.
Distressed Unit Appeal Board: Reviews petitions from both distressed political subdivisions and school corporations in need of relief.
Government Efficiency and Financial Planning: Develops and manages agency performance metrics, conducts overall agency efficiency reviews and develops cross agency delivery of service initiatives.
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Indiana Board of Tax Review: A bipartisan appeals board that reviews determinations by local/county assessment officials concerning the assessed value of tangible property, property tax deductions, or property tax exemptions. Also reviews assessment determinations made by the Department of Local Government Finance. Indiana Finance Authority: Oversees state debt issuance and provides efficient and effective financing solutions for state, local and business investment in Indiana.
Indiana Public Retirement System: Advances the achievement of retirement security for current and future retirees and beneficiaries (for certified and noncertified employees).
State Board of Accounts: Performs audits of state and local governments, prescribes uniform account standards and trains public officials and employees.
State Budget Agency: Serves as fiscal analyst, administrative budget officer, fiscal forecaster and fiscal policy advisor to the Governor.
INDIANA DEPARTMENT OF EDUCATION – DIVISION OF SCHOOL FINANCE (IDOE)A fiscal service department under the direction of the Indiana Superintendent of Public Education, the Division of School Finance is responsible for administering the state’s biennial budget for student tuition support consisting of: Basic Grants, Honors Grants, Special Education Grants, Vocational Education Grants and Complexity Grants.
The Division gathers the Average Daily Membership (ADM) student count on the second Friday of September to determine the tuition support allocation for each school corporation. Additionally, the Division issues reimbursements for textbook costs and summer school expenses.
School corporations use the common financial report known as Form 9 to submit financial data to the Division for the six months ended June 30 and December 31. The Financial Form 9 serves as the basis for audits conducted by the State Board of Accounts.
INDIANA EDUCATION EMPLOYMENT RELATIONS BOARD (IEERB)IEERB promotes cooperative relationships between public school teachers and school corporations. The agency has developed rules and guidelinesto lead school employees and employers through the labor relations process. Should teacher contract negotiations reach impasse, IEERB will provide mandatory mediation and mandatory, binding fact finding.
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KEY FINANCIAL CALENDAR DATES
Indiana Department of Education – Division of School Finance (IDOE)• Form 9 for the six months ended June 30th must be submitted by August 1st. • Form 9 for the six months ended December 31st must be submitted by February 1st. • ADM counts are taken on the second Friday of September and February 1st (information
only). • Textbook expenditures must be submitted by October 31st for February reimbursement. • Special Education student count will be taken on December 1st. • Summer School expenses must be submitted by August 15th for reimbursement. • TANF and SNAP counts must be submitted by October 31st.
State Board of AccountsPerform audits every two years (biennial audits) utilizing June 30 Form 9s, DLGF Budget Orders, state tuition support payments, local board resolutions, internal financial reports and bank statements comprise the basis for the audit.
Historically speaking, audits have required 90-120 days, with the final audit report following 30 days later.
Department of Local Government Finance (DLGF)Next is the DLGF’s 2019 Budget Calendar for calendar-year school corporations. DLGF will now issue Budget Orders (1782 Notices) by December 31st, which is six weeks earlier than previously required. DLGF Commission Wesley Bennett is committed to meeting the revised date. In order for this to occur, he and his agency need our assistance by conducting budget hearings and subsequent budget adoptions as early as local calendars will permit.
Local districts must submit to DLGF, via Gateway: approved budgets, additional appropriations, appropriation reductions, excess tax levy appeals, transportation appeals, and revisions to any capital project or bus replacement plans.
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STATE OF INDIANAINDIANA GOVERNMENT CENTER NORTH
100 N SENATE AVE N1058 (B)INDIANAPOLIS, IN 46204
PHONE (317) 232-3777FAX (317) 974-1629
DEPARTMENT OF LOCAL GOVERNMENT FINANCE
TO: Local Government Fiscal Officers
FROM: Fred Van Dorp, Director, Budget Division
DATE: March 2, 2018
SUBJECT: 2018 – 2019 Budget Calendar
On-time property tax bills continue to be a top priority for the Department of Local Gov-ernment Finance (“Department”) for 2018 and 2019. To achieve this objective, it is necessary for all involved in the assessment and property tax billing processes to understand that there are sequential deadlines for completing statutory responsibilities. Attached are key deadlines for cal-endar year 2018 and the start of calendar year 2019. The deadlines below have been adjusted to reflect the last possible day on which or by which a particular task must be performed. Failure to meet these deadlines may jeopardize on-time tax billing or may result in penalties being applied to a taxing unit’s Pay 2019 budget.
Contact your Department Field Representative with specific questions about the budget calendar or the budget process. Contact information for field representatives is available at www.in.gov/dlgf/2338.htm#BudgetFld.
This memorandum is simply intended to be informative and does not take the place of Indiana law. The Department and all local units of government are bound to the law. In the event any part of this memorandum conflicts with Indiana law, Indiana law governs.
In addition to the reporting requirements outlined in the attached calendar, a taxing unit must also file a debt issuance report for any new debt issued throughout the year. The requirements for this report can be found in IC 5-1-18-6 and IC 5-1-18-7. The debt issuance report must be filed on Gateway Debt Management (https://gateway.ifionline.org/) within one month of the bond issuance or lease execution. The Department may not approve an appropriation or a property tax levy for a debt that is not reported in Gateway Debt Management. The Department may, for good cause, grant a waiver to this requirement.
Counties, cities, towns, and townships must also adopt an anti-nepotism policy in compliance with IC 36-1-20.2 and a contractual anti-nepotism policy under IC 36-1-21. If the State Board of Accounts (“SBOA”) determines that such policies have not been adopted, the Department will not be able to approve the unit’s budget or additional appropriations for the ensuing year.
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DLGF 2018-2019 BUDGET CALENDAR
January 1, 2018 Year-end cash balances and operating results available.
Real Property and Personal Property assessment date for taxes due and payable in 2019. (IC 6-1.1-2-1.5) Also, the mobile home assessment date for taxes due in 2018. (IC 6-1.1-2-1.5)
Date by which annexation must become effective so that a reorganized unit can seek an adjusted max levy for 2019.
Deadline for establishing new taxing units seeking a maximum levy for 2019. IC 6-1.1-18.5-7
January 31 Deadline for units to file the 2017 Annual Salary Report (100R) with SBOA. The 100R must be filed before the Department can approve a 2019 budget or additional appropriation for a county, city, town, or township. IC 5-11-13-1
February 15 Deadline for the Department to certify 2018 budgets, tax rates, and tax levies. IC 6-1.1-17-16
March 1 Deadline for non-school units to file the 2017 Annual Report with SBOA. The Annual Report must be filed before the Department can approve a 2019 budget or additional appropriation for a political subdivision. IC 5-11-1-4
Last possible day for a unit to hold its first public hearing andpresent appropriate information before adopting an ordinance orresolution to enter into or form a fire protection territory.IC 36-8-19-6
Deadline for solid waste district to provide SB 131 annual report to the Department, the legislative council, and
the Department of Environmental Management.IC 13-21-3-13.5
Deadline for political subdivisions to report to the Department information and data on their retiree benefits and expenditures.
IC 36-1-8-17.5
Deadline for each political subdivision to submit annual reportto the Department in Debt Management of any outstandingbonds or leases (as of January 1).IC 5-1-18-9
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March 15 Last day for county auditor to prepare and deliver to theAuditor of State and county treasurer a certified copy of anabstract of the property, assessments, taxes, deductions, andexemptions for taxes payable in 2018 in each taxing district ofthe county.IC 6-1.1-22-5
April 2 Deadline for county auditor to deliver the abstract to the county treasurer or the treasurer to issue provisional tax bills is March 31.
IC 6-1.1-22.5-6
Deadline for fiscal year schools (July 1 to June 30) to adopt abudget for the 2019 fiscal budget year.IC 6-1.1-17-5.6
Deadline to adopt an ordinance or resolution creating a fireprotection territory to receive a tax levy in 2019.IC 36-8-19-6
April 13 Last day for the county treasurer to mail 2017 pay 2018 tax bills.Bills must be mailed at least fifteen (15) business days beforethe first installment is due.IC 6-1.1-22-8.1(c)
April 17 Last day for redevelopment commissioners or their designeesto file with the unit’s executive, fiscal body, and the Departmenta report setting out the activities during the preceding calendaryear. The report must also include information concerning taxincrement finance districts.IC 36-7-14-13
April 25 Last day for county auditor to publish first notice of the 2018 tax rates to be collected in the county for each purpose and the total of the rates in each taxing district.
IC 6-1.1-22-4
April 30 Last day for a unit to submit a proposed cumulative fund to the Department for approval.
IC 6-1.1-41-4Note: In the prior year, this due date was August 1.
May 1 Last day for State Budget Agency to provide the amount of the supplemental Local Income Tax distribution for the county to the department of local government finance and to the county auditor.
IC 6-3.6-9-15
Note: See May 31 for additional information aboutSupplemental LIT distribution.
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May 9 Last day for county auditor to publish third notice of the 2018 tax rates to be collected in the county for each purpose and the total of the rates in each taxing district.
IC 6-1.1-22-4
May 10 First installment of 2017 pay 2018 property taxes due. IC 6-1.1-22-9
May 15 Last day for library boards to hold a public hearing on a CPF plan, adopt a CPF plan, and submit the plan to the appropriate fiscal body. IC 36-12-12-3
Last day for the Department to provide determinations of theamount and allocation of supplemental distributions to CountyAuditors.IC 6-3.6-9-15
May 31 Last day for County Auditor to distribute to each taxing unit the amount of the supplemental distribution that is allocated to the taxing unit under subdivision IC 6-3.6-9-15
Deadline for the SBA to certify an estimate of the local incometax (“LIT”) distribution for 2019.IC 6-3.6-9-5
June 14 Last day for redevelopment commissions to report on availableTIF excess AV. IC 36-7-14-39(b)(4); IC 36-7-14-48(f); IC 36-7-
14-52(c); IC 36-7-15.1-26(b)(4); IC 36-7-15.1-35(f); IC 36-7-15.1-53(b)(4); IC 36-7-15.1-62(c)
June 30 Property tax distribution of May collection.
July 2 Deadline for State Budget Agency (“SBA”) to provide Assessed Value Growth Quotient (“AVGQ”) to civil taxing units, school corporations, and Department. IC 6-1.1-18.5-2(c)
Department may require taxing units to provide information onproposed debt issuance, excess levy appeals, and proposedestablishment of new funds that may impact the ensuing year’stax levies and tax rates. Deadline may be set no later than June30 of each year.IC 6-1.1-20.6-11.1
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Beginning of budget year for schools on a fiscal year budgetpursuant toIC 6-1.1-17-5.6
Last day for the county assessor to deliver the real estate book(i.e., roll and balance 2018 pay 2019 gross assessed values) tothe county auditor.IC 6-1.1-5-14
Last day for county assessor to roll 2018 pay 2019 personalproperty gross assessed values to the county auditor.IC 6-1.1-3-17(b)
July 16 Department provides to each county, city, and town an estimate of the maximum Cumulative Capital Development Fund tax rate for the ensuing year.
IC 6-1.1-18.5-9.8(b)
Department provides each taxing unit an estimate of the maximum permissible property tax levy for the ensuing year and guidance on calculating allowable adjustments to the maximum levy.
IC 6-1.1-18.5-24
Department provides to each county an estimate of the maximum allowable appropriation and maximum amount of property taxes that may be imposed for community mental health centers or community intellectual disability and other developmental disabilities centers that are exempt from property tax levy limits for the ensuing year.
IC 12-29-1-3.5
July 31 Department provides to each taxing unit that levies a property tax an estimate of the amount by which property tax distributions will be reduced in the ensuing year due to circuit breaker credits.
IC 6-1.1-20.6-11.1.
County auditors must provide to the Department and each political subdivision a notice of the assessed value withholding from the ensuing year certified net assessed values.
IC 6-1.1-17-0.5
Last day for appropriate fiscal body (county or municipality) to reject or approve a library’s CPF plan submitted by the library board.
IC 36-12-12-4
August 1 Last day for county auditor to certify net assessed values to the Department. The Department will make values visible to political subdivisions via Gateway.
IC 6-1.1-17-1
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The county fiscal body shall review at its first meeting in August the estimated property tax levy limits and the estimated reductions due to circuit breakers for each taxing unit. The county fiscal body will prepare and distribute a written recommendation for the taxing units or the county auditor will distribute the minutes of the meeting to all taxing units after the minutes are approved by the fiscal body.
IC 6-1.1-17-3.6
August 29 Deadline for school units to file the 2017 Annual Report with SBOA. The Annual Report must be filed before the Department can approve a 2019 budget or additional appropriation for a political subdivision.
IC 5-11-1-4
September 3 Last day for units with appointed boards, including certain libraries under IC 6-1.1-17-20.3, to submit proposed 2019 budgets, tax rates, and tax levies to county fiscal body or other appropriate fiscal body for binding adoption, as applicable.
IC 6-1.1-17-20; IC 6-1.1-17-20.3
October 1 Effective date for LIT rate changes adopted by ordinance after December 31 of the prior year and before September 1.
IC 6-3.6-3-3
Deadline for the SBA to certify the actual LIT distributions for 2019. IC 6-3.6-9-5
October 12 Last day to post notice to taxpayers of proposed 2019 budgets and net tax levies and public hearing (Budget Form 3) to Gateway. Notice must be posted at least ten days before the public hearing, which must occur at least ten days before the adoption for most taxing units.
IC 6-1.1-17-3
October 19 Last day for units to file excess levy appeals for school transportation fund, annexation/consolidation/extension of services, three-year growth factor, emergency, and correction of error with the Department.
IC 20-46-4-10; IC 6-1.1-18.5-12; IC 6-1.1-18.5-13(1), (3), (13); IC 6-1.1-18.5-14
October 22 Last possible day for taxing units to hold a public hearing on their 2019 budgets. Public hearing must be held at least ten days before budget is adopted.
IC 6-1.1-17-5
NOTE: THIS DEADLINE IS SUBJECT TO THE SCHEDULING OF THE ADOPTION MEETING.
In Marion County and second class cities, the public hearing may be held any time after introduction of 2019 budget. IC 6-1.1-17-5(a).
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October 29 Last possible day ten or more taxpayers may object to a proposed 2019 budget, tax rate, or tax levy of a political subdivision. Objection must be filed not more than seven days after the public hearing. This deadline is subject to the scheduling of the public hearing.
IC 6-1.1-17-5(b)
October 31 Deadline to adopt ordinance modifying LIT effective January 1, 2019. IC 6-3.6-3-3
November 1 Deadline for all taxing units to adopt 2019 budgets, tax rates, and tax levies. IC 6-1.1-17-5(a)
If a taxpayer objection petition is filed, the appropriate fiscal body shall adopt with its budget a finding concerning the objections in the petition and any testimony presented at the adoption hearing.
IC 6-1.1-17-5(c)
Last day for non-fiscal schools to adopt their 2019 CPF Plan and Bus Replacement Plan.
IC 20-46-6-8.1; IC 20-46-5-6.1
Deadline for second and third class cities to adopt salary ordinances for employees other than elected officials.
IC 36-4-7-3
Last day that a library board may submit a CPF plan to the Department.
November 5 Last day for units to submit their 2019 budgets, tax rates, and tax levies to the Department through Gateway as prescribed by the Department.
November 13 Second installment of 2017-pay-2018 taxes due. IC 6-1.1-22-9
December 14 Last day for the Department to accept additional appropriation requests for the 2018 budget year from units as prescribed by the Department.
December 31 Deadline for the Department to certify 2019 budgets, tax rates, and tax levies unless a taxing unit in a county is issuing debt after December 1 in the year preceding the budget year or intends to file a shortfall appeal under IC 6-1.1-18.5-16.
IC 6-1.1-17-16
Note: See January 15, 2019 for additional information.
Deadline for counties other than Marion County to adopt salary ordinance for 2019.
IC 36-2-5-3
Deadline for towns to adopt salary ordinance for 2019. The ordinance must be adopted in the year before it is effective.
IC 36-5-3-2.
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January 1, 2019 Deadline for establishing new taxing units seeking a maximum levy for 2020.
IC 6-1.1-18.5-7
Effective date for LIT rate changes adopted by ordinance after August 31 and before November 1, 2018.
IC 6-3.6-3-3
Assessment and valuation date for all tangible property, including annually assessed mobile homes under IC 6-1.1-7 (2019 pay 2020 tax bills for real property; 2019 pay 2019 tax bills for annually assessed mobile homes under IC 6-1.1-7).
IC 6-1.1-1-2; IC 6-1.1-1-19; IC 6-1.1-2-1.5.
Date by which annexation must become effective so that reorganized unit can seek adjusted max levy for 2020.
Jan 15, 2019 Deadline for the Department to certify 2019 budgets, tax rates, and tax levies if a taxing unit in a county is issuing debt after December 1 in the year preceding the budget year or intends to file a shortfall appeal under IC 6-1.1-18.5-16.
IC 6-1.1-17-16
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REVENUE OVERVIEW
Three funding sources generate the vast majority of school funding: 1) local property taxes; 2) state funding formula; and 3) federal funds.
LOCAL FUND PROPERTY TAX LEVIESLocal property taxes are levied (billed) to provide income for these school funds: • Operations Fund (former Capital Projects Fund, Transportation Operating Fund and Bus
Replacement Fund). • Debt Service Fund• Pension Debt Service Fund• All Referenda Funds• Steps to levy taxes:
l School board adopts budget for new year and submits to DLGF. l DLGF approves, issuing Budget Notice (1782 Notice) establishing rates to be levied by local officials. l Local assessor completes assessment of properties to establish taxable base know as Gross Assessed Valuation.l Gross Assessed Valuation is reduced by standard, supplemental and mortgage deductions to arrive at Net Assessed Value (NAV). l Approved tax rates are applied to NAV to calculate property taxes. l Property taxes are capped (maximum amounts) at 1% for residential property, 2% for rental properties and agricultural, and 3% for commercial and industrial. The difference between gross tax amounts and capped tax amounts is referred to as “circuit breaker” cap loss and represents lost tax revenue to the school corporation.
• Notes: l Certain properties are exempt from property taxes. Properties exempted by the state, such as government centers, military bases and
public colleges and universities. Other properties are exempt due to inclusion in a Tax Increment Financing area,
usually issued by local economic development committees to attract new businesses to the communities. (See Tax Incentive Funding in the Appendix.)
l Referenda are used to address (reduce) the impact of tax cap loss. Referenda may be considered for operating or capital needs. Voter-approved referenda provide maximum tax rates local districts use to levy taxes for the next eight years. TIF-based properties are not exempt from referenda tax levies.
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Example Property Tax Bill
This generic property tax bill illustrates AV, NAV, circuit breaker caps, and calculation of taxes with and without referendum impact.
Homestead Rental OtherAssessed Value Parcel Parcel Parcel
Gross Assessed Value 150,000 150,000 150,000 Standard Deduction 45,000 - - Supplemental Deduction 36,750 - - Mortgage Deduction 3,000 - -
Net Assessed Value 65,250 150,000 150,000 Rate
Non Referendum 2.500 2.500 2.500 Referendum 0.250 0.250 0.250 LIT Homestead Credit 4.000 4.000 4.000 Gross Liability
Non Referendum 1,631.25 3,750.00 3,750.00 Referendum 163.13 375.00 375.00 Credits
Homestead Credit 65.25 - - Circuit Breaker 66.00 750.00 -
Total 131.25 750.00 - Net Liability
Non Referendum 1,500.00 3,000.00 3,750.00 Referendum 163.13 375.00 375.00
Total 1,663.13 3,375.00 4,125.00
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STATE FUNDING FORMULAEvery two years, during the “long session”, the state legislature approves the state’s budget for the following fiscal years, effective July 1. A significant part of the budget is the state funding formula for public education.
• The state funding formula provides state tuition support through these categorical grants:l Tuition Supportl Honors Grantl Special Education Grantl Vocational Education Grantl Complexity Grant
• Notes: l Tuition support is an amount per student as determined by the September Average Daily Membership (ADM) count.l Complexity grant is a separate amount per student for qualifying students as determined by the September ADM count. l Vocational Education Grant is comprised of amounts per student that vary with the employment market’s value for types of courses studied. That means higher skilled courses carry higher market values, resulting in high rates of tuition support.
To illustrate, here is the State’s education funding formula and examples of state funding for two Marion County school corporations.
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FY 2019
ESTIMATED
FY 2017Actual Actual % Inc. Estimated % Inc.
State TotalsADM 1,059,303 1,066,714 0.7% 1,074,764 0.8%Complexity Index 0.2446 0.2107 0.2112
Foundation 5,351,159,926 5,586,366,215 4.4% 5,706,571,455 2.2%Complexity 887,063,363 768,554,704 -13.4% 774,497,148 0.8%Total Regular 6,238,223,289 6,354,920,919 1.9% 6,481,068,603 2.0% $/ ADM 5,889 5,957 1.2% 6,030 1.2%Special Ed 550,956,483 566,325,364 2.8% 585,463,862 3.4%Career & Tech Ed 109,641,000 113,863,650 3.9% 122,959,790 8.0%Honors 24,711,200 28,673,200 16.0% 29,637,400 3.4%Total 6,923,531,972 7,063,783,133 2.0% 7,219,129,655 2.2% $/ADM 6,536 6,622 1.3% 6,717 1.4%Potential Reductions - 22,783,133 59,129,655Net State 6,923,531,972 7,041,000,000 7,160,000,000
$/ADM 6,536 6,601 6,662
Title 1 238,344,571 236,363,631 -0.8% 239,080,368 1.1% $/ADM 225 222 222
GrantsFoundation $5,088 $5,273 3.6% $5,352 1.5%Complexity Adj $3,539 $3,539 0.0% $3,539 0.0%Honors Tier 1 $1,400 $1,500 7.1% $1,500 0.0%Honors Tier 2 $1,000 $1,100 10.0% $1,100 0.0%Special Education
Severe $8,800 $8,976 2.0% $9,156 2.0%Moderate; DD included in FY 2019 $2,300 $2,300 0.0% $2,300 0.0%Comm $500 $500 0.0% $500 0.0% Preschool $2,750 $2,750 0.0% $2,750 0.0%
Career & Tech Education Categories 4-5 $0 $0 0.0% $680 100.0% Category 3 $0 $0 0.0% $400 100.0% Categories 0-2 $0 $0 0.0% $200 100.0% Intro CTE Course $300 $300 0.0% $300 0.0% CTE Foundation $150 $150 0.0% $150 0.0% CTE Apprenticeship/WBL $300 $300 0.0% $150 -50.0% Area Participation $150 $150 0.0% $150 0.0%
High Demand High Wage $500 $500 0.0% $0 -100.0% High Demand Moderate Wage $450 $450 0.0% $0 -100.0% High Demand Low Wage $300 $300 0.0% $0 -100.0% Moderate Demand High Wage $450 $450 0.0% $0 -100.0% Moderate Demand Moderate Wage $300 $300 0.0% $0 -100.0%
2018 & 2019 School Formula SimulationNew STF Data; Fall Count Only; Virtuals at 90% of Foundation
Complexity Grant Adjust if ELL>18% and CI decrease > 45%; New CTE Formula For FY 2019Development Delay added for FY 2019; Increase in Grant for Honors; Severe Disabilities
FY 2018 FY 2019
FY 2018, FY 2019 Tuition Support reduced in order not to exceed appropriation
Prepared by Legislative Services Agency 2/11/2018 1 School Formula 2018-19_Final FY 2018.xlsx
2018 & 2019 SCHOOL FORMULA SIMULATION
New STF Data; Fall Count Only; Virtuals at 90% of FoundationComplexity Grant Adjust if ELL>18% and CI decrease > 45%; New CTE Formula For FY 2019
Development Delay added for FY 2019; Increase in Grant for Honors; Severe DisabilitiesFY 2018, FY 2019 Tuition Support reduced in order not to exceed appropriation
Resource Guide ISBA 21
FY 2019
ESTIMATED
FY 2017Actual Actual % Inc. Estimated % Inc.
2018 & 2019 School Formula SimulationNew STF Data; Fall Count Only; Virtuals at 90% of Foundation
Complexity Grant Adjust if ELL>18% and CI decrease > 45%; New CTE Formula For FY 2019Development Delay added for FY 2019; Increase in Grant for Honors; Severe Disabilities
FY 2018 FY 2019
FY 2018, FY 2019 Tuition Support reduced in order not to exceed appropriation
5385 Indianapolis Public SchoolsADM 30,007 31,212 4.0% 31,500 0.9%Complexity Index 0.5323 0.4695 0.4695
Foundation 152,675,616 164,580,876 7.8% 168,588,000 2.4%Complexity 56,527,487 51,860,610 -8.3% 52,339,140 0.9%Total Regular 209,203,103 216,441,486 3.5% 220,927,140 2.1% $/ ADM 6,972 6,935 -0.5% 7,014 1.1%Special Ed 19,620,550 20,251,014 3.2% 19,648,978 -3.0%Career & Tech Ed 990,350 1,409,450 42.3% 1,554,030 10.3%Honors 216,200 349,100 61.5% 383,800 9.9%Total 230,030,203 238,451,050 3.7% 242,513,948 1.7% $/ADM 7,666 7,640 -0.3% 7,699 0.8%Potential Reductions - 769,087 1,986,357Net State 230,030,203 237,681,963 240,527,591 $/ADM 7,666 7,615 7,636Title 1 23,635,502 26,159,318 10.7% 33,697,112 28.8% $/ADM 788 838 1,070
5400 School Town of SpeedwayADM 1,800 1,855 3.1% 1,861 0.3%Complexity Index 0.2884 0.2570 0.2570
Foundation 9,155,856 9,781,416 6.8% 9,960,072 1.8%Complexity 1,836,660 1,687,160 -8.1% 1,692,616 0.3%Total Regular 10,992,516 11,468,576 4.3% 11,652,688 1.6% $/ ADM 6,109 6,183 1.2% 6,262 1.3%Special Ed 1,010,650 1,066,096 5.5% 1,090,802 2.3%Career & Tech Ed 142,000 152,500 7.4% 145,050 -4.9%Honors 36,400 43,900 20.6% 43,900 0.0%Total 12,181,566 12,731,072 4.5% 12,932,440 1.6% $/ADM 6,769 6,863 1.4% 6,949 1.3%Potential Reductions - 41,062 105,926Net State 12,181,566 12,690,010 12,826,514 $/ADM 6,769 6,841 6,892Title 1 460,386 472,367 2.6% 471,948 -0.1% $/ADM 256 255 254
Prepared by Legislative Services Agency 2/11/2018 90 School Formula 2018-19_Final FY 2018.xlsx
2018 & 2019 SCHOOL FORMULA SIMULATION
New STF Data; Fall Count Only; Virtuals at 90% of FoundationComplexity Grant Adjust if ELL>18% and CI decrease > 45%; New CTE Formula For FY 2019
Development Delay added for FY 2019; Increase in Grant for Honors; Severe DisabilitiesFY 2018, FY 2019 Tuition Support reduced in order not to exceed appropriation
Resource Guide22 ISBA
FEDERAL FUNDSThe federal government has consistently provided funding for the following:
• Federal Grants:l Child Nutrition: Provides breakfast and lunch to qualifying students. l Title I: A grant to ensure that all children have a fair, equal and significant opportunity to obtain a highly-quality education.l Title II: Preparing, Training, and Recruiting High Quality Teachers and Principals. l Title III: Limited English Proficiency grant for English as Second Language (ESL) students. l IDEA: Individuals with Disabilities Education Act (IDEA).
Resource Guide ISBA 23
EXENDITURES OVERVIEW
HEA 1009 – 2017 accounting changes are effective January 1, 2019. To comply, school corporations must establish an Education Fund to replace the long-standing General Fund. The Education Fund will contain expenses for classroom instruction and instructional support services, also known as Categories 1 and 2, respectively in the State Board of Accounts’ latest Chart of Accounts.
Category 3, non-instructional support, and Category 4, operating overhead, were formerly accounted for in the General Fund. These expenses combined with capital project expenses, transportation expenses and bus replacement costs will comprise the new Operations Fund, which also becomes effective January 1, 2019.
It is worth noting that the objective of the Education Fund is to capture expenses for instruction and instructional support and may serve as a future metric for analysis and comparison with other school corporations.
The Operations Fund therefore represents monies spent for operating expenses not associated with instructional delivery.
Expenditures for other funds remain largely unchanged. Debt service is still expensed through the Debt Service Fund. Similarly, pension debt service remains in the Pension Debt Service Fund.
The referenda-based funds also are unchanged, representing expenditures associated with the tax revenues and intended purposes of the specific referenda, either operating or capital in nature.
Finally, the Rainy Day Fund may be used for both transfers and direct expenditures.
Resource Guide24 ISBA
HEA 1009 – 2017Dennis Costerison, Executive Director
Indiana Association of School Business Officials
HEA 1009 - 2017Passed during the 2017 legislative session.Signed by Governor Holcomb April 28, 2017.Overhauls school corporation financial reporting and budgeting.Most of the act is effective January 1, 2019
Major Funds Repealing as of January 1, 2019General Art AssociationTransportation Historical SocietyBus Replacement Public PlaygroundCapital Projects Racial Balance
HEA 1009 Calls for the establishment of the following funds
IC 20-40-2-2Establishment of education fundThe governing body of each school corporation shall establish an education fund for the
payment of expenses that are allocated to student instruction and learning under IC 20-42.5.IC 20-40-18-1School corporation operations fund createdThe governing body of each school corporation shall create an operations fund to be used by
the school corporation after December 31, 2018.
HEA 1009 Major ProvisionsIC 20-42.5
Created in 2006 by HEA 10064 Categories of Expenditures:
1 & 2: Education Expenditures3 & 4: Operation Expenditures65% Solution
Education FundIC 20-40-2-3: Distributions of tuition support shall be received in the education fund.IC 20-40-2-4: Generally speaking, the education fund shall be used only for expenses
allocated to student instruction and learning under IC 20-42.5.Note: The fund may not be used to pay directly any expenses that are not allocated to student instruction and learning under IC 20-42.5 or expenses permitted to be paid from the school corporation’s operation fund.
Education FundTeacher Salaries and Fringe BenefitsPrincipal Salaries and Fringe BenefitsSpecial Programs: CTE; Gifted & Talented; Special Education; Summer School; RemediationGuidance Counseling, Nurses, Speech PathologyClassroom Supplies and EquipmentEducational Media Services
Resource Guide ISBA 25
Operations FundGenerally used to pay non-academic expenses and consolidates the following funds and levies: Transportation Historical Society Bus Replacement Public Playground Capital Projects Racial Balance Art Association
Operations FundExpenditures
Transportation Bus Replacement Capital ProjectsGeneral Fund Operational Business Office Human Resources Utilities Custodial & Maintenance Property Insurance
Operations FundSchools must still file the resolutions establishing the following plans with the Department of
Local Government Finance Capital Projects Plan School Bus Replacement Plan
Capital Projects PlanCapital Projects Plan
DLGF prescribes the format. Plan must:include all proposed expenditures that exceed ten thousand dollars ($10,000) and
are for:(1) capital assets; or (2) projects that are considered capital in nature including technology related projects.
Operation Fund ExpendituresExpenses previously reported on the Capital Project Plan will be made from the Operation
Fund, but not listed in the new Plan format.Rental of real estate, buildings, facilities, and equipment.To repair and replace certain buildings and fixtures.Equipment valued under $10,000Site Services contracts
JanitorialCustodialSnow and ice removal
UtilitiesProperty and casualty insurance
HEA’s 1009 & 1167No changes to:
Debt Service Fund Pension Neutrality Federal Funds State Tuition Support & Formula Rainy Day Fund Budget Preparation Protected Taxes Waiver Property Tax Forms
Resource Guide26 ISBA
INTERNAL FINANCIAL REPORTING
INTERNAL CONTROLSInternal controls are policies and procedures to ensure continued reliability of accounting systems. Internal controls are designed to prevent fraud and identify errors before they become problems. SBOA requires each school corporation to adopt an internal controls policy supported by an internal controls manual addressing the following:
1. Separation of duties2. Access controls 3. Physical audits4. Standardization of documentation5. Trial balances 6. Periodic reconciliations7. Approval authority
FINANCIAL STATEMENTSFinancial statements should be prepared monthly and reconciled to cash (bank) and investment accounts. Comparative statements should be prepared as well to provide perspective for the current year in relationship to the prior or multiple prior years.
Resource Guide ISBA 27
Negative balances should be identified and researched.
Budget variances – the amount actual receipts or expenditures differ from budget – should be reviewed for reasonableness.
The financial statement should be used to determine if revenues are being received as forecast. Do property tax receipts through June approximate half of the annual budget?
Financial statements should be used to determine if appropriations are insufficient or unnecessarily high to meet the needs for the remainder of the fiscal year. Insufficient budget appropriations could lead to the board adopting an additional appropriations resolution for approval by DLGF. Insufficient appropriations could also cause administration to reduce expenditures for a specific account or fund. Unnecessary appropriations may be reduced by the board adopting an appropriations reduction resolution for subsequent approval by DLGF.
EXTRA CURRICULAR ACCOUNTSIndividual school-based accounts present the greatest opportunity for fraud. School boards should require an annual report for all extra-curricular accounts. The report should include the beginning balance, receipts, expenditures and ending balance for each account and school in total. If extra-curricular dollars are significant, boards should consider requesting a financial review by an independent CPA.
TOTAL ASSETSAt least annually the board should be informed of the corporation’s total assets. This can be done as a separate report or in conjunction with a review of assets to be insured during the annual renewal of property and casualty insurance.
TOTAL DEBTDebt should be reviewed with the board during the budget hearing process as well as any discussion regarding Form 9. They should be informed of the corporation’s debt capacity, the various types of outstanding debt as well as total debt, when current debt will be retired, and if there is need or consideration for issuance of new debt.
Debt types include: 1) Tax Anticipation Warrants, 2) Operating leases, 3) Equipment leases, 4) General Obligation Bonds, 5) First Mortgage Bonds, and 6) Revenue Lease Bonds. Bonds may be issued within or with a referendum.
CASH (BANK) ACCOUNTS AND INVESTMENT ACCOUNTSCash and investment accounts should be reconciled monthly. Cash and investment financial reports should be prepared in conjunction with monthly financial reports. Cash and investment financial reports should be discussed during Board of Finance meetings and with the full board either monthly or quarterly.
Resource Guide28 ISBA
FINANCIAL RESOURCE GUIDEMONTHLY CHECKLIST
We have prepared a Monthly Checklist to serve as reporting and review guidelines. Since most financial officers are currently using their own internal monitoring and reporting tools and methods, we do not think it is necessary for board members to review monthly financial statements. We do, however, suggest you review quarterly comparative statements with an accompanying budget variance letter so that you are informed of problematic situations or developing trends.
JANUARYhApprove transfer of 12/31/18 General Fund balance to Education Fund. (One-time
transfer.) See Appendix D, p.64.hApprove transfer of 12/31/18 balances of Capital Projects, Transportation Operating and
Bus Replacement Funds to Operations Fund. (One-time transfer.) See Appendix D, p.65.hApprove transfer of a portion of Education Fund balance to Operations Fund to cover
those operating overhead expenses previously expensed through former General Fund. Transfer is one-time only and must be made by 3/1/19.
hApprove recurring transfer of a portion of state tuition from Education Fund to Operations Fund for operating overhead expenses previously expensed through former General Fund. Notes: 1) Board must approve new resolution each time dollar amount changes from original amount; 2) Board should approve new resolution in first month of each new year. See Appendix D, p.68.
hConduct Board of Finance meeting to review fund balances, bank accounts, and investments for calendar year just ended.
hReview DLGF 1782 Notice (Budget Order) for new year. hBoard president, superintendent and financial officer sign Form 9 for submission to IDOE
by February 1. (For six months ended December 31.)
FEBRUARYhSecond ADM count for IDOE on February 1. hFinancial officer confirms corporate debt in DLGF Gateway by March 1. hReview January financial statements and bank accounts. See Appendix C, p.54 & 56.
MARCHhReview February financial statements and bank accounts.
APRILhReview financial statements and Budget Variance Letter for quarter ended March 31. See Appendix C, p.55 & 58.hReview bank accounts and investments as of March 31. hReview capital projects for work in progress and calendar for planned projects for current
Resource Guide ISBA 29
MAYhReview April financial statements. hReview capital projects planned for current year.
JUNEhReview May financial statements.hReview capital projects.
JULYhReview financial statements and budget variance letter for quarter ended June 30.hReview bank accounts and investments as of June 30. hApprove budget calendar. hPublish Notice of Hearing and post capital projects plan and bus replacement plan on
district website. hBoard president, superintendent and financial officer sign Form 9 for submission to IDOE
by August 1. (For six months ended June 30.)hReview capital projects.
AUGUST
hReview financial July financial statements.hConduct budget hearing. hReview capital projects.
SEPTEMBERhAdopt budget to approve appropriations, tax rates, three-year capital projects plan and five-
year bus replacement plan. hAdopt additional appropriations or appropriation reductions for current year. hPublish Notice of Adoption. hSubmit budget items to DLGF by either Gateway or hard/electronic copies to DLGF field
agent. hReview August financial statements. hTake ADM count on second Friday.
OCTOBER
hReview financial statement and budget variance letter for quarter ended September 30.hReview bank accounts and investments as of September 30. hSubmit ADM count to IDOE.hSubmit textbook expenses to IDOE by October 31 for February reimbursement.
NOVEMBERhReview October financial statements and bank accounts.
DECEMBERhReview November financial statements and bank accounts.
Resource Guide30 ISBA
NOTES
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Resource Guide ISBA 31
APPENDIX A
GLOSSARY OF TERMS
Resource Guide32 ISBA
GLOSSARY OF TERMS
Average Daily Membership (ADM) is the student count that is taken on the second Friday of September and February 1st. The September count is used by IDOE for basic grant and complexity grant funding. For now, the February count is for information purposes only.
Appropriations, authorized expenditures, are created through the annual budget process and authorized by DLGF.
Assessed Valuation (AV) is the monetary value of properties determined by the local assessor and used as basis for applying approved tax rates to levy property taxes.
Audit is conducted by SBOA every two years. SBOA tests school corporations for internal controls (designed to prevent fraud), compliance with state and federal funds requirements, and accuracy of accounting for expenses and revenues.
Budget Hearing is a legal and public process by which the board of school trustees establishes a budget for the next calendar (or fiscal) year. A Notice of Hearing is posted on DGLF’s Gateway informing the public of the date, time and purpose of the hearing and the subsequent meeting to adopt the budget.
Resource Guide ISBA 33
Budget Adoption is a legal and public process at meeting after the budget hearing. During this process the board of school trustees formally adopts the proposed appropriations, the capital projects plan, the bus replacement plan and the proposed tax rates. Once the board adopts the budget a Notice of Adoption is posted to DLGF’s website and all budget forms are uploaded to Gateway for review by DLGF.
Budget Forms are forms prescribed by the DLGF to present anticipated revenues and expenditures for the next 18 months resulting in an annual budget and related tax rates for the next calendar (or fiscal) year. Forms include a three-year capital projects plan and five-year bus replacement plan.
Budget Variance Letter is an accompanying letter to internal financial statements explaining the accounts where actual expenditures vary budgeted expenditures. Often prepared on quarterly basis.
Budget Order (1782 Notice) is issued by DLGF upon their following their review and upon their approval. The Order establishes maximum appropriations and the tax rates necessary to levy local property taxes.
Form 9 is IDOE’s official financial report for public schools. Form 9 is prepared and submitted to the IDOE Division of School Finance for the six months ending June 30 and December 31. Form 9 serves as the basis for SBOA audits and is used by banks, insurance companies and bond rating agencies to determine credit worthiness.
Gateway is DLGF’s website where taxpayers may view budgets, budget order, debt service and other school finance information. Gateway is where all schools submit (or upload) their budgets.
HEA 1009 was passed in 2017 and becomes effective January 1, 2019. HEA 1009 establishes the Education Fund (to replace the General Fund) and the Operations Fund (to replace the Capital Projects, Transportation Operating and Bus Replacement Funds).
Internal Financial Statements are prepared as accounts are closed and bank and investment accounts are reconciled each month. Statements should include revenues, expenditures and beginning and ending balances by account and fund. Total ending fund balances should agree (be reconciled) to combined cash (bank) and investment balances. Comparative statements are recommended whereby data from the previous year are presented side-by-side with the current year.
Report 54 is issued by IDOE to communicate state tuition support amounts to school corporations. The report is revised monthly.
Statement of Cash (Banks) and Investments is a monthly report detailing beginning and ending balances, interest rates, interest earned and maturity date (where applicable) for each bank and investment account.
Resource Guide34 ISBA
NOTES
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Resource Guide ISBA 35
APPENDIX B
CHART OF ACCOUNTS / FUNDS BY SOURCE
Resource Guide36 ISBA
IDOE CHART OF ACCOUNTSJuly-December 2016
SECTION DESCRIPTION
1 ....................................................................Receipts
2 ....................................................................Expenditures
3 ....................................................................Receipt Expenditures (5200, 5210, 5214, 5430, 5450, 6510)
4 ....................................................................Expenditure Exceptions (51200, 60100, 60114, 60200, 60300, 60400, 60500)
5 ....................................................................Corporation Cash Balance (Beginning)
6 ....................................................................Corporation Cash Balance (Ending)
7 ....................................................................Corporation Investment Balance (Beginning)
8 ....................................................................Encumbrances
9 ....................................................................Statement of Obligations *B...................................................................DOE Corporation Cash Balance (Balance Ending Prior 6 Months)
I .....................................................................Statement of Investments (Plus or Minus Adjustment)
S ....................................................................Statement of Obligations (Plus or Minus Adjustment to Beginning)*J ...................................................................DOE Corporation Statement of Investments (Balance Ending Prior 6 Months)*L ...................................................................DOE Corporation Statement of Obligations (Balance Ending Prior 6 Months)
M ...................................................................Beginning Cash Balance Minus Adjustment by Fund
P ...................................................................Beginning Cash Balance Plus Adjustment by Fund* .....................................................................DOE USE ONLY
Resource Guide ISBA 37
Form
9 L
ayou
t and
Val
ues
Firs
t Fie
ldSe
cond
Fie
ldTh
ird
Fiel
dFo
urth
Fie
ldFi
fth F
ield
Sixt
h Fi
eld
Leng
th=4
Leng
th=1
Leng
th=4
Leng
th=5
Leng
th=3
Leng
th=1
4C
orp
#Se
ctio
nFu
ndA
ccou
ntO
bjec
tA
mou
nt1
= Re
ceip
ts01
00-7
999
1110
-660
0 ex
cept
sect
ion
3 ac
coun
tsN
one
+2
= Ex
pend
iture
s01
00-7
999
1102
5-60
800
exce
pt se
ctio
n 4
acco
unts
110-
941
exce
pt 9
01-9
06+
3 =
Rece
ipt E
xcep
tions
0100
-799
952
00, 5
210,
521
4, 5
430,
545
0, 6
510
Non
e+
4 =
Expe
nditu
re E
xcep
tions
0100
-799
960
100,
5120
0, 6
0114
, 602
00, 6
0300
, 604
00, 6
0500
110-
941
exce
pt 9
01-9
06+
5 =
Begi
nnin
g Ca
sh B
alan
ce in
Fun
d01
00-7
999
Non
eN
one
+6
= En
ding
Cas
h Ba
lanc
e in
Fun
d01
00-7
999
Non
eN
one
+M
= M
inus
Adj
ustm
ent t
o Be
ginn
ing
Cash
Bal
ance
in F
und
0100
-799
999
999
Non
e+
P =
Plus
Adj
ustm
ent t
o Be
ginn
ing
Cash
Bal
ance
in F
und
0100
-799
989
99N
one
+7
= Be
ginn
ing
Inve
stm
ent B
alan
ce01
00-7
999
Non
eN
one
+I =
Inve
stm
ent B
egin
ning
Bal
ance
+ o
r - A
djus
tmen
t01
00-7
999
Non
eN
one
+ or
-8
= En
cum
bran
ces
0100
-061
011
025-
6080
011
0-94
1 ex
cept
901
-906
+9
= O
blig
atio
nsN
one
9600
1-96
013
901-
906
+S
= O
blig
atio
n +
or -
Adju
stm
ent t
o Be
ginn
ing
Prin
cipa
lN
one
9600
1-96
013
Non
e+
or -
9600
1Te
mpo
rary
Loa
ns90
1Pr
inci
pal O
utst
andi
ng -
Begi
nnin
g of
Per
iod
9600
2Sc
hool
Bon
ds90
2Pr
inci
pal C
reat
ed D
urin
g 6
Mon
th P
erio
d96
003
Emer
genc
y Lo
ans
903
Tota
l Pri
ncip
al96
004
Scho
ol B
us L
oans
904
Prin
cipa
l Pai
d D
urin
g 6
Mon
th P
erio
d96
005
Hol
ding
Com
pany
- Pu
blic
and
Pri
vate
905
Prin
cipa
l Out
stan
ding
- En
d of
Per
iod
9600
6Ve
tera
ns' M
emor
ial L
oans
906
Inte
rest
Deb
t Out
stan
ding
- En
d of
Per
iod
9600
7Co
mm
on S
choo
l Fun
d Lo
ans
9600
8Ci
vil A
id B
onds
9600
9Bo
nd A
ntic
ipat
ion
Not
es96
010
Bank
Loa
ns o
r DLG
F Ap
prov
ed D
ebt
9601
1Re
tirem
ent /
Sev
eran
ce B
onds
Sect
ion
9 O
bjec
tsSe
ctio
n 9
and
Sect
ion
S A
ccou
nts
Resource Guide38 ISBA
Tabl
e of
Fun
ds
July
- De
cem
ber 2
016
Fu
nd #
Fu
nd N
ame
0100
G
ener
al F
und
0150
R
acia
l Bal
ance
Fun
d
0160
R
efer
endu
m T
ax L
evy
Fund
02
00
Deb
t Ser
vice
Fun
d 02
10
Deb
t Ser
vice
Res
erve
Fun
d 02
50
Ret
irem
ent/S
ever
ance
Bon
d Fu
nd D
ebt S
vc
0290
Ex
empt
Deb
t (La
ke a
nd S
t. Jo
e C
o O
nly)
02
91
Exem
pt P
ensi
on D
ebt (
Lake
and
St.
Joe
Co
Onl
y)
0292
R
efer
endu
m F
und
- Exe
mpt
Cap
ital F
und
0350
C
apita
l Pro
ject
s Fu
nd
0410
Sc
hool
Tra
nspo
rtatio
n Fu
nd
0420
Sc
hool
Bus
Rep
lace
men
t Fun
d 06
10
Loca
l Rai
ny D
ay F
und
0620
R
etire
men
t/Sev
eran
ce B
ond
Fund
06
30
Post
-Ret
irem
ent/S
vrnc
e. F
utur
e B
enef
its F
und
0700
- 07
99
Con
stru
ctio
n Fu
nd
0800
Sc
hool
Lun
ch F
und
0900
Te
xtbo
ok R
enta
l Fun
d 10
00
Rep
air &
Rep
lace
men
t Fun
d 11
00
Self-
Insu
ranc
e Fu
nd
1200
Le
vy E
xces
s Fu
nd
1250
En
hanc
ed A
cces
s Fu
nd
1260
El
ectro
nic
Map
Gen
erat
ion
Fund
13
00 -
1399
Jo
int S
ervi
ce/S
uppl
y Sp
ec E
d C
oop
Fund
14
00 -
1499
Jo
int S
ervi
ce/S
uppl
y Ar
ea V
ocat
iona
l Fun
d 15
00 -
1599
Jo
int S
ervi
ces
& S
uppl
y - O
ther
16
00 -
1649
Ar
t Ass
ocia
tion
1650
- 16
59
Chi
ld C
are
Pro
gram
17
00
His
toric
al S
ocie
ty
1750
Pl
aygr
ound
Fun
d 18
00 -
1809
Ju
dgm
ents
Fund
#
Fund
Nam
e 18
50
Educ
atio
nal L
icen
se P
late
s 19
00 -
1909
Al
tern
ativ
e E
duca
tion
Fund
19
10 -
1919
Sc
hool
Lib
rary
Prin
ted
Mat
eria
l Fun
d 19
20 -
1929
SA
FE S
choo
l Hav
en
1930
- 19
39
Early
Inte
rven
tion
Gra
nt
1940
- 19
49
Rea
ding
Rec
over
y Fu
nd
1950
- 19
59
Scho
ol In
terv
entio
n &
Car
eer C
ouns
elin
g 20
00 -
2099
D
onat
ions
, Gift
s, a
nd T
rust
s 21
00 -
2199
In
stru
ctio
nal S
uppo
rt Fu
nd
2200
- 22
98
Adul
t & C
ontin
uing
Edu
catio
n Fu
nd
2299
Po
lice
Con
tinui
ng E
duca
tion
Fund
23
00 -
2399
Ex
tra-C
urric
ular
Act
iviti
es F
und
2400
- 24
99
Rec
reat
iona
l Act
iviti
es F
und
2500
- 25
99
Cul
tura
l Arts
Fun
d 26
00 -
2699
W
elfa
re A
ctiv
ities
Fun
d 27
00 -
2799
Sc
hola
rshi
ps a
nd A
war
ds F
und
2800
- 28
99
Con
stru
ctio
n/R
emod
el/E
quip
/Bld
g Fu
nd
2900
- 29
99
Mis
cella
neou
s P
rogr
ams
3000
- 30
27
Inst
ruct
iona
l Sup
port
Fund
30
28
Form
ativ
e A
sses
smen
t Fun
d 30
29
Spec
ial E
duca
tion
Exce
ss C
osts
Fun
d 30
30
IN P
resc
hool
Gra
nts
Fund
30
31 –
313
9
31
40 -
3149
In
stru
ctio
nal S
uppo
rt Fu
nd
Teac
her Q
ualit
y Im
prov
emen
t Pro
gram
31
50 -
3159
Te
ch P
rep
3160
- 31
69
Prin
cipa
l Lea
ders
hip
Aca
dem
y 31
70 -
3179
In
stru
ctio
nal S
uppo
rt Fu
nd
3180
- 31
89
Econ
omic
Edu
catio
n M
ini G
rant
31
90 -
3199
C
ompu
ter C
onso
rtium
/Ed
Tech
Adv
ance
32
00 -
3209
Ad
ult &
Con
tinui
ng E
duca
tion
Fund
32
10 -
3219
St
ep A
head
32
20 -
3229
D
rug
Free
Com
mun
ities
Resource Guide ISBA 39
Tabl
e of
Fun
ds
July
- De
cem
ber 2
016
Fu
nd #
Fu
nd N
ame
3230
– 3
238
3239
Ea
rly C
hild
hood
Inte
rven
tion
(Firs
t Ste
ps)
Early
Edu
catio
n M
atch
ing
Gra
nt
3240
- 32
49
Soci
al S
ervi
ce B
lock
Gra
nt
32
50 -
3259
M
edic
aid
Rei
mbu
rsem
ent F
und
3270
Se
cure
d Sc
hool
s Sa
fety
Gra
nt
3300
- 33
99
Extra
-Cur
ricul
ar A
ctiv
ities
Fun
d 34
00 -
3499
R
ecre
atio
nal A
ctiv
ities
Fun
d 35
00 -
3599
C
ultu
ral A
rts F
und
3600
- 36
99
Wel
fare
Act
iviti
es F
und
3700
- 37
09
Scho
lars
hips
& A
war
ds F
und
3710
- 37
19
Non
-Eng
lish
Spe
akin
g Pr
ogra
m
3720
- 37
29
Scho
ol T
echn
olog
y Fu
nd
3730
- 37
39
Tech
nolo
gy P
lan
Budd
y Fu
nd
3740
– 3
748
3749
Te
ch. G
rant
s (IC
20-
40-1
5)
Car
eer a
nd T
echn
ical
Per
form
ance
Gra
nt
3750
- 37
59
Perfo
rman
ce B
ased
Aw
ards
37
60 -
3769
IN
Sch
ool A
cade
mic
Impr
ovem
ent F
und
3770
- 37
79
Acce
ss In
dian
a 37
80 -
3789
Te
chno
logy
Pla
nnin
g G
rant
37
90 -
3799
21
st C
entu
ry S
chol
ars
3800
- 38
99
Con
stru
ctio
n/R
emod
el/E
quip
Bld
g 39
00 -
3950
M
isce
llane
ous
Pro
gram
s 39
51
Cha
rter S
choo
l Inn
ovat
ion
Fund
39
52
ISTA
Set
tlem
ent (
2013
) 39
53
Inno
vativ
e Sc
hool
Impr
ovem
ent G
rant
39
54
Sena
tor D
avid
For
d Te
chno
logy
Fun
d 39
55
Exce
ss P
TRC
Dis
tribu
tion
3956
Pr
ojec
t Lea
d th
e W
ay
3957
- 39
99
Mis
cella
neou
s P
rogr
ams
4100
- 41
99
PL 1
07-1
10 T
itle
1 43
00 -
4399
PL
107
-110
EC
IA T
itle
I Mig
rant
44
00 -
4499
PL
96-
212
Ref
ugee
Chi
ld A
ssis
tanc
e
Fund
#
Fund
Nam
e 45
00 -
4599
Ti
tle II
-B
4600
– 4
649
4650
– 4
699
Title
II-C
Fe
dera
l Mat
h an
d Sc
ienc
e G
rant
s 47
00 -
4799
Yo
uth
Em
ploy
men
t Tra
inin
g 48
00 -
4899
Su
mm
er Y
outh
Em
ploy
men
t 49
00 -
4919
M
igra
nt F
arm
Wor
kers
49
20 -
4929
Lo
cal R
eadi
ng Im
prov
emen
t 49
30 -
4939
M
igra
nt F
arm
Wor
kers
49
40 -
4949
Tu
toria
l As
sist
ance
49
50 -
4999
M
igra
nt F
arm
Wor
kers
51
00 -
5109
C
omm
unity
Con
serv
atio
n 51
10 -
5119
St
ewar
t Hom
eles
s As
sist
ance
Act
51
50 -
5159
Se
rve
Am
eric
a 52
00 -
5213
PL
101
-476
ID
EA
5215
- 52
49
PL 1
01-4
76 I
DEA
52
50 -
5259
PL
105
-17
IDEA
Par
t B
5260
- 52
99
PL 1
01-4
76 I
DEA
53
00 -
5399
PL
95-
561
Titl
e I A
men
dmen
t 54
00 -
5499
PL
99-
457
Pre
scho
ol H
andi
cap
5500
- 55
99
PL 1
00-2
97 A
dult
Basi
c Ed
ucat
ion
5600
- 56
99
CET
A Pr
ogra
m (J
TPA)
57
00 -
5799
C
aree
r Inc
entiv
e 58
00 -
5899
D
rug
Free
Sch
ools
Titl
e IV
PL
107-
110
5900
- 59
09
PL 9
5-16
6 N
utrit
iona
l Gra
nt -
Stat
e 59
10 -
5919
R
emov
al o
f Bar
riers
to H
andi
capp
ed
5920
- 59
29
PL 9
8-37
7 E
d. F
or E
cono
mic
Sec
urity
59
30 -
5939
Ti
tle II
- Ei
senh
ower
/Tec
hnol
ogy
Gra
nts
5940
- 59
49
Tech
. Ass
ista
nce
for D
isab
led
Indi
vidu
als
5950
- 60
99
Oth
er
6100
- 61
99
PL 9
5-61
9 T
itle
III -
Ener
gy C
onse
rvat
ion
6200
- 62
99
Voca
tiona
l & T
echn
olog
y Bo
ard
Gra
nts
6300
- 63
99
PL 9
5-38
0, P
L 95
-561
Titl
e 7
Bilin
gual
Resource Guide40 ISBA
Tabl
e of
Fun
ds
July
- De
cem
ber 2
016
Fu
nd #
Fu
nd N
ame
6400
- 64
09
Dep
ende
nt C
are
6410
- 64
19
Chi
ld C
are
& D
evel
opm
ent B
lock
Gra
nt
6420
- 64
29
Firs
t Ste
ps
6430
- 64
39
Chi
ld D
evel
opm
ent A
ssoc
iatio
n S
chol
arsh
ip
6440
- 64
49
DO
E D
rug
Edu
catio
n 64
50 -
6459
So
cial
Ser
vice
Blo
ck G
rant
- Fe
dera
l 64
60 -
6469
M
edic
aid
Rei
mbu
rsem
ent -
Fed
eral
64
70 -
6479
Fa
mily
Pre
serv
atio
n &
Sup
port
Title
4B
6480
- 64
89
Enha
nce
Alte
rnat
ive
Edu
catio
n P
rogr
ams
6500
- 65
09
Educ
atin
g A
mer
ica,
Titl
e III
, PL
103-
227
6600
- 66
09
21st
Cen
tury
Lea
rnin
g C
ente
r 66
10 -
6699
O
ther
Fed
eral
Pro
gram
s 67
00 -
6709
Sc
hool
-to-W
ork
Dev
elop
men
t Act
67
10 -
6719
Sc
hool
-to-W
ork
Impl
emen
tatio
n 67
20 -
6729
C
halle
nge
Gra
nt fo
r Tec
hnol
ogy
6730
- 67
49
Oth
er F
eder
al P
rogr
ams
6750
- 67
59
Cla
ss S
ize
Red
uctio
n PL
105
-277
67
60 -
6809
O
ther
Fed
eral
Pro
gram
s 68
10 -
6819
Sc
hool
Ren
ovat
ion
PL
106-
554
6820
- 68
29
IDEA
PL
106-
554
6830
- 68
39
Scho
ol T
echn
olog
y P
L 10
6-55
4 68
40 -
6849
Im
prov
ing
Teac
her Q
ualit
y N
CLB
, Titl
e II,
Par
t A
6850
- 68
59
Impr
ovin
g Te
ache
r Qua
lity
Title
II, P
art D
68
60 -
6869
R
ural
Sch
ools
-Dire
ct, P
.L. 1
07-1
10
6870
- 68
79
Rur
al S
choo
ls &
Low
Inco
me
Prog
ram
68
80 -
6889
Ti
tle II
I - E
nglis
h Pr
ofic
ienc
y M
igra
nt
6890
- 68
99
Publ
ic S
choo
l Cha
rter E
SEA
Title
10
Part
C
6900
- 69
09
NC
LB T
itle
II Pa
rt B
Mat
h &
Scie
nce
Par
t 69
10 -
6939
O
ther
Fed
eral
Pro
gram
s 69
40 -
6949
N
CLB
Rea
ding
Firs
t 69
50 -
6969
O
ther
Fed
eral
Pro
gram
s
Fund
#
Fund
Nam
e 69
70 -
6979
R
ace
to th
e To
p 69
80 -
6989
Te
chno
logy
Lite
racy
Cha
lleng
e, T
itle
III
6990
- 79
49
Oth
er F
eder
al P
rogr
ams
7950
Fi
scal
Sta
biliz
atio
n - E
duca
tion
(Stim
ulus
) 79
51
Title
1 -
Gra
nts
to L
EAs
(Stim
ulus
) 79
52
Title
1 -
Scho
ol Im
prov
emen
ts (S
timul
us)
7953
ID
EA -
Part
B (S
timul
us)
7954
ID
EA -
Part
B - P
resc
hool
(Stim
ulus
) 79
55
IDEA
- Pa
rt C
(Stim
ulus
) 79
56
Educ
atio
n Te
chno
logy
(Stim
ulus
) 79
57
McK
inne
y - V
ento
Edu
catio
n fo
r Hom
eles
s (S
timul
us)
7958
Sc
hool
Lun
ch E
quip
men
t (St
imul
us)
7959
H
ead
Sta
rt (S
timul
us)
7960
Ti
tle 1
, Par
t D, S
ubpa
rt 2
(Stim
ulus
) 79
61
Qua
lifie
d Sc
hool
Con
stru
ctio
n Bo
nd (S
timul
us)
7962
Q
ualif
ied
Zone
Aca
dem
y Bo
nd (S
timul
us)
7963
Ti
tle 1
- AA
RA
Scho
ol Im
prov
emen
t (a)
(Stim
ulus
) 79
64
New
Tec
hnol
ogy
(PL1
82-2
009s
s) (S
timul
us)
7965
Ed
ucat
ion
Jobs
Fun
d (S
timul
us)
7966
En
ergy
Effi
cien
cy a
nd C
onse
rvat
ion
Bloc
k G
rant
(Stim
ulus
) 79
67-7
999
Futu
re S
timul
us F
unds
Resource Guide ISBA 41
Tabl
e of
Rec
eipt
s Ju
ly -
Dece
mbe
r 201
6 R
ecei
pt #
R
ecei
pt N
ame
1110
Lo
cal P
rope
rty T
axes
(Ad
Val
orem
Tax
es)
1130
In
com
e Ta
xes
- Loc
al O
ptio
n Ta
x 11
90
Oth
er T
axes
12
11
Lice
nse
Exc
ise
Tax
1212
C
omm
erci
al V
ehic
le E
xcis
e Ta
x 12
31
Fina
ncia
l Ins
titut
ions
Tax
12
32
Loca
l Opt
ion
- Pro
perty
Tax
Rep
lace
men
t 12
80
Rev
enue
in L
ieu
of T
axes
12
90
Oth
er T
axes
13
10
Tran
sfer
Tui
tion
from
Indi
vidu
als
1321
Tr
ansf
er T
uitio
n fro
m O
ther
Indi
ana
Sch
ool C
orpo
ratio
ns
1322
Pa
ymen
ts b
y Jo
int S
choo
l Mem
bers
13
23
Paym
ents
by
Area
Voc
atio
nal S
choo
l Mem
bers
13
24
Join
t Ser
vice
s an
d S
uppl
y 13
25
Paym
ents
by
Scho
ol C
orpo
ratio
ns to
Cha
rter S
choo
ls
1326
St
ate
Tran
sfer
Tui
tion
1327
O
ther
(Spe
cify
) 13
31
Tran
sfer
Tui
tion
from
Out
-of-S
tate
Sch
ool C
orpo
ratio
ns
1340
Tr
ansf
er T
uitio
n fro
m O
ther
Priv
ate
Agen
cies
13
50
Tran
sfer
Tui
tion
for V
ouch
er P
rogr
am S
tude
nts
1410
Tr
ansp
orta
tion
Fees
from
Indi
vidu
als
1421
Tr
ansp
orta
tion
Fees
- O
ther
Indi
ana
Sch
ool C
orpo
ratio
ns
1431
Tr
ansp
orta
tion
Fees
- O
utsi
de In
dian
a Sc
hool
Cor
pora
tions
14
40
Tran
spor
tatio
n Fe
es -
Oth
er P
rivat
e So
urce
s 15
10
Inte
rest
on
Inve
stm
ents
15
20
Div
iden
ds o
n In
vest
men
ts
1611
Sc
hool
Lun
ch P
rogr
am
1612
Sc
hool
Bre
akfa
st P
rogr
am
1613
Sp
ecia
l Milk
Pro
gram
16
14
Afte
r Sch
ool P
rogr
ams
1621
Ad
ult S
ales
Rec
eipt
#
Rec
eipt
Nam
e 16
22
Seco
nd T
ype
A St
uden
ts
1623
Al
a C
art
1630
Sp
ecia
l Fun
ctio
ns (S
peci
fy)
1650
D
aily
Sal
es -
Sum
mer
Foo
d Pr
ogra
m
1741
St
uden
t and
Adu
lt Fe
es
1742
O
ther
Fee
s 17
50
Rev
enue
from
Ent
erpr
ise
Activ
ities
17
60
Rec
eipt
s fro
m E
xtra
-Cur
ricul
ar A
ccou
nts
1800
R
even
ue fr
om C
omm
unity
Ser
vice
s A
ctiv
ities
19
10
Ren
tals
19
20
Con
tribu
tions
and
Don
atio
ns fr
om P
rivat
e So
urce
s 19
41
Text
book
Sal
es
1942
Te
xtbo
ok R
enta
ls
1951
M
isce
llane
ous
Rev
enue
from
Oth
er In
dian
a S
choo
l Cor
ps
1952
M
isce
llane
ous
Rev
enue
from
Out
-of-S
tate
Sch
ool C
orps
19
61
Inte
rest
from
Cou
nty
on L
ate
Und
istri
bute
d Ta
xes
1962
Vo
catio
nal E
duca
tion
Rev
enue
from
Cou
nty
1971
Am
ount
s Fo
rwar
ded
to S
elf-I
nsur
ance
Fun
d 19
80
Ref
und
of P
rior Y
ear's
Exp
endi
ture
s 19
91
Ref
und
of In
sura
nce
(Pre
miu
ms
Paid
) 19
92
Ref
und
Scho
ol B
uild
ing,
Hol
ding
Com
pani
es -
Ove
rpay
men
t 19
93
Ref
und
Scho
ol B
uild
ing,
Hol
ding
Com
pani
es -
Rei
mbu
rsem
ent
1994
O
ther
Ove
rpay
men
ts a
nd R
eim
burs
emen
ts
1995
Tr
ansp
orta
tion
- Mig
rant
Chi
ldre
n 19
96
Ref
und
of T
ax P
aid
on G
asol
ine
1997
In
dire
ct C
osts
from
Fed
eral
Gov
ernm
ent
1999
O
ther
21
00
Unr
estri
cted
Gra
nts-
in-A
id
2200
R
estri
cted
Gra
nts-
in-A
id
2800
R
even
ue in
Lie
u of
Tax
es
2910
Ed
ucat
iona
l Lic
ense
Pla
te F
ees
Resource Guide42 ISBA
Tabl
e of
Rec
eipt
s Ju
ly -
Dece
mbe
r 201
6 R
ecei
pt #
R
ecei
pt N
ame
2920
C
ongr
essi
onal
Inte
rest
29
30
Riv
erbo
at D
istri
butio
ns
2990
O
ther
(Spe
cify
) 31
11
Basi
c G
rant
31
12
Vete
ran'
s M
emor
ial F
unds
With
held
31
13
Com
mon
Sch
ool F
unds
With
held
31
14
Sum
mer
Sch
ool
3115
Ev
enin
g an
d P
art-T
ime
Scho
ol
3116
Ad
ult L
earn
ers
(Exc
el C
ente
rs)
3117
Se
cure
d Sc
hool
s Sa
fety
Gra
nt
3118
C
harte
r and
Inno
vatio
n N
etw
ork
Scho
ol G
rant
31
20
Cho
ice
Sav
ings
Dis
tribu
tion
3121
Tr
ansp
orta
tion
3122
So
cial
Sec
urity
Obl
igat
ions
31
40
Voca
tiona
l Edu
catio
n 31
51
Scho
ol L
unch
31
90
Oth
er (S
peci
fy)
3198
Fo
rmat
ive
Ass
essm
ent G
rant
31
99
Rem
edia
tion/
Pre
vent
ive
Rem
edia
tion
Pro
gram
s 32
11
Alte
rnat
ive
Edu
catio
n 32
12
Scho
ol L
ibra
ry P
rinte
d M
ater
ials
32
13
Scho
ol S
AFE
Hav
en
3214
Ea
rly In
terv
entio
n/R
eadi
ng R
ecov
ery
3215
AC
CES
S In
dian
a 32
16
Tech
nolo
gy P
lann
ing
Gra
nts
3217
Te
chno
logy
Gra
nts
3218
Te
chno
logy
Gra
nts
Budd
y Sy
stem
32
19
Scho
ol In
terv
entio
n an
d C
aree
r Cou
nsel
ing
3220
C
ompu
ter C
onso
rtium
Adv
ance
men
ts
3221
Fu
ll D
ay K
inde
rgar
ten
Gra
nt
3230
G
ifted
and
Tal
ente
d
Rec
eipt
#
Rec
eipt
Nam
e 32
31
Gift
ed a
nd T
alen
ted
- Arts
Min
i Gra
nts
3240
Te
ache
r Qua
lity
Con
tract
s 32
50
Med
icai
d R
eim
burs
emen
t - S
tate
32
55
Spec
ial E
duca
tion
Alte
rnat
ive
Ser
vice
s 32
56
IN S
peci
al E
duca
tion
Gra
nts
3260
Te
ch P
rep
Min
i Gra
nts
3270
Pr
inci
pal L
eade
rshi
p A
cade
my
3280
Pr
ofes
sion
al D
evel
opm
ent G
rant
32
81
Chi
ld A
buse
Pre
vent
ion
3282
Be
ginn
ing
Teac
her I
nter
nshi
p P
rogr
am (T
each
er M
ento
r)
3283
C
ompu
ter T
echn
ical
Rep
licat
ion
Ado
ptio
n P
rogr
am
3284
Sp
ecia
l Edu
catio
n P
resc
hool
32
85
3286
Pr
ojec
t RES
PEC
T Ea
rly C
hild
hood
Edu
catio
n 32
91
Non
-Eng
lish
Spe
akin
g Pr
ogra
m
3292
Sp
ecia
l Arts
Gra
nt
3293
Pe
rform
ance
Bas
ed A
war
ds
3294
Ec
onom
ic E
duca
tion
Min
i-Gra
nts
3295
Te
chni
cal A
ssis
tanc
e G
rant
s 32
96
Early
Chi
ldho
od P
resc
hool
Lat
ch K
ey
3297
St
ep A
head
32
98
Dru
g Fr
ee C
omm
uniti
es
3299
Sc
hool
Aca
dem
ic Im
prov
emen
t 33
10
Turn
arou
nd S
uppo
rt
3800
R
even
ue in
Lie
u of
Tax
es
3910
Te
xtbo
ok R
eim
burs
emen
ts
3920
C
ongr
essi
onal
Inte
rest
from
Sta
te
3950
D
eseg
rega
tion
3990
O
ther
41
00
Unr
estri
cted
Gra
nts-
in-A
id fr
om F
eder
al G
over
nmen
t 42
11
Hom
e Ec
onom
ics,
Agr
icul
ture
, Ind
ustri
al
Resource Guide ISBA 43
Tabl
e of
Rec
eipt
s Ju
ly -
Dece
mbe
r 201
6 R
ecei
pt #
R
ecei
pt N
ame
4212
In
dian
a-Vo
catio
nal T
echn
ical
Col
lege
42
13
Are
a C
aree
r and
Tec
hnic
al S
choo
ls
4214
Pr
e-Vo
catio
nal E
duca
tion
(Han
dica
pped
) 42
15
4216
W
ork
Stud
y Fe
dera
l Mat
h an
d Sc
ienc
e G
rant
s 42
23
Publ
ic L
aw 1
01-4
76 ID
EA
4224
Pu
blic
Law
89-
313
4225
Pu
blic
Law
99-
457
4226
Sl
iver
/Pub
lic L
aw 1
05-1
7 42
29
Oth
er S
peci
al E
duca
tion
4231
Pu
blic
Law
874
42
33
Publ
ic L
aw 1
00-4
85
4234
Fo
od S
tam
ps
4240
Sc
hool
-to-W
ork
Act
4250
Le
arn
Col
lege
Go
(CFD
A 84
.378
A)
4260
Ad
ult E
duca
tion
4270
D
isas
ter G
rant
s 42
80
Jobs
Tra
inin
g Pa
rtner
ship
Act
42
91
Scho
ol L
unch
Rei
mbu
rsem
ent
4292
Sc
hool
Bre
akfa
st R
eim
burs
emen
t 42
93
Kind
erga
rten
Milk
Rei
mbu
rsem
ent
4294
Su
mm
er F
ood
Serv
ice
Pro
gram
for C
hild
ren
4295
Vo
catio
nal E
duca
tion
Rei
mbu
rsem
ent f
or C
ompu
ter
4296
C
hild
and
Adu
lt C
are
Food
Pro
gram
42
97
Afte
r Sch
ool S
nack
Rei
mbu
rsem
ent
4298
Fr
esh
Frui
ts a
nd V
eget
able
s 42
99
Oth
er
4310
D
isas
ter G
rant
s 43
20
Nat
iona
l Sci
ence
Fou
ndat
ion
4330
Te
chno
logy
43
90
Oth
er (S
peci
fy)
Rec
eipt
#
Rec
eipt
Nam
e 45
14
Title
I 45
15
Title
VI
4516
Ti
tle 1
- M
igra
nt
4517
D
rug
Free
Sch
ools
- Pa
rt II
PL 9
9-57
0 45
18
Title
I - E
ven
Star
t 45
20
Non
-Foo
d As
sist
ance
45
30
Valu
e Aw
aren
ess
PL
101-
610
4540
M
edic
aid
Rei
mbu
rsem
ent -
Fed
eral
45
50
Educ
ate
Amer
ica
PL 1
03-2
27 T
itle
IV
4560
Pr
ojec
t RES
PEC
T 45
70
Cla
ss S
ize
Red
uctio
n PL
105
-277
45
80
Amer
ican
Rec
over
y &
Rei
nves
tmen
t Act
of 2
009
4581
Ed
ucat
ion
Jobs
45
90
Oth
er (S
peci
fy)
4591
C
aree
r Aw
aren
ess
4592
PL
100
-297
Dw
ight
D. E
isen
how
er M
ath
& Sc
ienc
e 45
93
Latc
h K
ey K
ids
Gra
nt
4595
St
ep A
head
45
96
HIV
/AID
S Tr
aini
ng G
rant
s 45
97
Stew
art H
omel
ess
Assi
stan
ce P
L 10
1-64
5 45
98
Enha
nced
Edu
catio
n A
ct
4599
O
ther
47
00
Gra
nts-
in-A
id fr
om th
e Fe
d G
ov't
thro
ugh
Oth
er In
term
. Sou
rces
48
00
Rev
enue
in L
ieu
of T
axes
49
00
Rev
enue
For
/On
Beha
lf of
the
Scho
ol C
orpo
ratio
n 49
90
Oth
er (S
peci
fy)
5110
B
ond
Prin
cipa
l and
Ban
k Lo
an P
rinci
pal
5120
Pr
emiu
m o
r Acc
rued
Inte
rest
on
the
Issu
ance
of B
onds
51
30
Tax
Antic
ipat
ion
War
rant
Pre
miu
ms
5140
Bo
nd A
ntic
ipat
ion
Not
es
5200
Tr
ansf
ers
from
One
Fun
d to
Ano
ther
Resource Guide44 ISBA
Tabl
e of
Rec
eipt
s Ju
ly -
Dece
mbe
r 201
6 R
ecei
pt #
R
ecei
pt N
ame
5210
So
cial
Sec
urity
Tra
nsfe
rs -
Co
ops
5214
PL
109
-201
0 Tr
ansf
ers
5310
D
ispo
sal o
f Rea
l Pro
perty
53
20
Dis
posa
l of P
erso
nal P
rope
rty
5390
O
ther
(Spe
cify
) 54
10
Vete
ran'
s M
emor
ial F
unds
Adv
ance
54
20
Com
mon
Sch
ool F
und
Adva
nce
5430
Te
mpo
rary
Loa
n Pr
inci
pal
5440
Em
erge
ncy
Loan
Prin
cipa
l 54
50
Loan
s fro
m O
ne F
und
to A
noth
er
5460
Sc
hool
Bus
Loa
ns
5470
G
rant
Ant
icip
atio
n N
otes
54
80
Ener
gy S
avin
gs
6010
R
etur
n of
Pet
ty C
ash
6020
R
etur
n of
Cas
h C
hang
e 64
10
Insu
ranc
e (C
laim
s fo
r Los
ses)
65
10
Secu
ritie
s 66
00
Oth
er (S
peci
fy)
Resource Guide ISBA 45
Tabl
e of
Exp
endi
ture
s Ju
ly –
Dec
embe
r 201
6 Ex
pend
iture
#
Expe
nditu
re N
ame
1102
5 N
on S
peci
al E
duca
tion
Pres
choo
l 11
050
Full
Day
Kin
derg
arte
n 11
100
Elem
enta
ry
1120
0 M
iddl
e/Ju
nior
Hig
h 11
300
Hig
h Sc
hool
11
350
Acad
emic
Hon
ors
Dip
lom
a 11
355
Acad
emic
Hon
ors
Hig
h Ab
ility
Stud
ent P
rogr
ams
1141
0 Ag
ricul
ture
A
1142
0 Ag
ricul
ture
B
1143
0 D
istri
butiv
e Ed
ucat
ion
1144
0 H
ealth
Occ
upat
ions
11
450
Con
sum
er a
nd H
omem
akin
g 11
460
Occ
upat
iona
l Hom
e Ec
onom
ics
1147
0 Bu
sine
ss E
duca
tion
1148
0 In
dust
rial E
duca
tion
A
1149
0 In
dust
rial E
duca
tion
B
1151
0 C
oope
rativ
e Ed
ucat
ion
1152
0 Ar
ea S
choo
l Par
ticip
atio
n 11
590
Oth
er V
ocat
iona
l Edu
catio
n Pr
ogra
ms
1161
0 El
emen
tary
11
620
Mid
dle/
Juni
or H
igh
1163
0 H
igh
Scho
ol
1191
0 C
ompe
tenc
y Te
stin
g 11
920
Proj
ect 4
R
1211
0 G
ifted
and
Tal
ente
d 12
150
Hig
h Ab
ility
Stud
ent P
rogr
ams
1221
0 M
ild M
enta
l Dis
abilit
ies
1222
0 M
oder
ate
Men
tal D
isab
ilitie
s 12
230
Seve
re M
enta
l Dis
abilit
ies
1231
0 O
rthop
edic
Impa
irmen
t 12
320
Mul
tiple
Dis
abilit
ies
1233
0 Vi
sual
Impa
irmen
t 12
340
Hea
ring
Impa
irmen
t 12
350
Hom
ebou
nd
1241
0 Em
otio
nal D
isab
ilitie
s - F
ull T
ime
1242
0 Em
otio
nal D
isab
ilitie
s - A
ll O
ther
s 12
510
Com
mun
icat
ion
Dis
orde
rs
1252
0 C
ompe
nsat
ory
Expe
nditu
re #
Ex
pend
iture
Nam
e 12
610
Lear
ning
Dis
abilit
y 12
710
Equa
l Opp
ortu
nity
At R
isk
1281
0 Sp
ecia
l Edu
catio
n Pr
esch
ool
1290
0 O
ther
Spe
cial
Pro
gram
s 13
100
Adul
t Bas
ic E
duca
tion
- Ins
truct
ion
1315
0 Ad
ult B
asic
Edu
catio
n –
Non
-Inst
ruct
ion
1320
0 Ad
vanc
ed A
dult
Educ
atio
n 13
300
Occ
upat
iona
l Pro
gram
s 13
600
Spec
ial I
nter
est P
rogr
ams
1390
0 O
ther
Adu
lt/C
ontin
uing
Edu
catio
n Pr
ogra
m
1410
0 El
emen
tary
Sum
mer
Sch
ool
1420
0 M
iddl
e/Ju
nior
Hig
h Su
mm
er S
choo
l 14
300
Hig
h Sc
hool
Sum
mer
Sch
ool
1510
0 N
on-C
redi
t Enr
ichm
ent P
rogr
am
1610
0 R
emed
iatio
n Te
stin
g 16
200
Prev
entiv
e R
emed
iatio
n 17
100
Tran
sfer
Tui
tion
1730
0 Ar
ea V
ocat
iona
l Sch
ool (
Parti
cipa
ting
Sha
re)
1740
0 Jo
int S
ervi
ces
and
Supp
ly -
Spec
ial E
duca
tion
1750
0 Sp
ecia
l Edu
catio
n - I
nter
loca
l Agr
eem
ents
17
600
Join
t Ser
vice
s an
d Su
pply
- O
ther
17
700
Inte
rloca
l Agr
eem
ents
- O
ther
17
800
Paym
ents
to C
harte
r Sch
ools
17
900
Oth
er
1800
0 Pa
ymen
ts to
Gov
ernm
enta
l Uni
ts O
utsi
de S
tate
21
110
Serv
ice
Area
Dire
ctio
n - A
ttend
ance
/Soc
ial W
ork
2112
0 At
tend
ance
Ser
vice
s 21
130
Soci
al W
ork
Serv
ices
21
140
Pupi
l Acc
ount
ing
2119
0 O
ther
Atte
ndan
ce a
nd S
ocia
l Wor
k Se
rvic
es
2121
0 Se
rvic
e Ar
ea D
irect
ion
- Gui
danc
e S
ervi
ces
2122
0 C
ouns
elin
g Se
rvic
es
2123
0 Ap
prai
sal S
ervi
ces
2124
0 In
form
atio
n Se
rvic
es
2125
0 R
ecor
ds M
aint
enan
ce
2129
0 O
ther
Gui
danc
e Se
rvic
es
2131
0 Se
rvic
e Ar
ea D
irect
ion
- Hea
lth S
ervi
ces
2132
0 M
edic
al S
ervi
ces
Resource Guide46 ISBA
Tabl
e of
Exp
endi
ture
s Ju
ly –
Dec
embe
r 201
6 Ex
pend
iture
#
Expe
nditu
re N
ame
2133
0 D
enta
l Ser
vice
s 21
340
Nur
se S
ervi
ces
2139
0 O
ther
Hea
lth S
ervi
ces
2141
0 Se
rvic
e Ar
ea D
irect
ion
- Psy
chol
ogic
al S
ervi
ces
2142
0 Ps
ycho
logi
cal T
estin
g 21
430
Psyc
holo
gica
l Cou
nsel
ing
2149
0 O
ther
Psy
chol
ogic
al S
ervi
ces
2151
0 Se
rvic
e Ar
ea D
irect
ion
- Spe
ech
Pat
holo
gy
2152
0 Sp
eech
Pat
holo
gy S
ervi
ces
2153
0 Au
diol
ogy
Serv
ices
21
590
Oth
er S
peec
h Pa
thol
ogy
and
Aud
iolo
gy S
ervi
ces
2161
0 Se
rvic
e Ar
ea D
irect
ion
- Occ
upat
iona
l The
rapy
21
620
Occ
upat
iona
l The
rapy
Ser
vice
s 21
710
Serv
ice
Area
Dire
ctio
n - P
hysi
cal T
hera
py
2172
0 Ph
ysic
al T
hera
py S
ervi
ces
2181
0 Se
rvic
e Ar
ea D
irect
ion
- Spe
cial
Ed.
Adm
in.
2189
0 O
ther
Spe
cial
Edu
catio
n A
dmin
istra
tion
2191
0 Se
rvic
e Ar
ea D
irect
ion
- Oth
er S
uppo
rt S
ervi
ces
2199
0 O
ther
Stu
dent
Ser
vice
s 22
110
Serv
ice
Area
Dire
ctio
n - I
mpr
ovem
ent o
f Ins
truct
ion
2212
0 In
stru
ctio
n an
d C
urric
ulum
Dev
elop
men
t 22
130
Inst
ruct
iona
l Sta
ff Tr
aini
ng
2219
0 O
ther
Impr
ovem
ent o
f Ins
truct
iona
l Ser
vice
s 22
210
Serv
ice
Area
Dire
ctio
n - L
ibra
ry/M
edia
Ser
vice
s 22
220
Scho
ol L
ibra
ry
2223
0 Au
diov
isua
l 22
240
Educ
atio
nal T
elev
isio
n 22
250
Com
pute
r Ass
iste
d In
stru
ctio
n S
ervi
ces
2229
0 O
ther
Edu
catio
nal M
edia
Ser
vice
s 22
310
Tech
nolo
gy S
ervi
ce S
uper
visi
on a
nd A
dmin
istra
tion
2232
0 St
uden
t Lea
rnin
g C
ente
rs
2233
0 S
yste
ms
Anal
ysis
and
Pla
nnin
g 22
340
Sys
tem
s Ap
plic
atio
n D
evel
opm
ent
2235
0 S
yste
ms
Ope
ratio
ns
2236
0 N
etw
ork
Supp
ort
2237
0 H
ardw
are
Mai
nten
ance
and
Sup
port
2238
0 P
rofe
ssio
nal D
evel
opm
ent f
or In
stru
ctio
n-fo
cuse
d Te
ch. P
erso
nnel
22
400
Acad
emic
Stu
dent
Ass
essm
ent
Expe
nditu
re #
Ex
pend
iture
Nam
e 22
900
Oth
er S
uppo
rt S
ervi
ce -
Inst
ruct
iona
l Sta
ff 23
110
Serv
ice
Area
Dire
ctio
n - B
oard
of E
duca
tion
2312
0 Se
rvic
e Ar
ea A
ssis
tant
s 23
150
Lega
l Ser
vice
s 23
160
Prom
otio
n Ex
pens
es
2319
0 O
ther
Gov
erni
ng B
ody
Serv
ices
23
210
Offi
ce o
f the
Sup
erin
tend
ent
2322
0 C
omm
unity
Rel
atio
ns
2323
0 St
aff R
elat
ions
and
Neg
otia
tions
23
290
Oth
er E
xecu
tive
Adm
inis
tratio
n Se
rvic
es
2410
0 O
ffice
of t
he P
rinci
pal
2490
0 O
ther
Sup
port
Ser
vice
s - S
choo
l Adm
inis
tratio
n 25
110
Offi
ce o
f the
Bus
ines
s M
anag
er
2512
0 Se
rvic
e Ar
ea D
irect
ion
- Fis
cal S
ervi
ces
2513
0 Bu
dget
ing
2514
0 R
ecei
ving
and
Dis
tribu
ting
Fund
s 25
150
Payr
oll S
ervi
ces
2516
0 Fi
nanc
ial A
ccou
ntin
g 25
170
Inte
rnal
Aud
iting
25
180
Prop
erty
Acc
ount
ing
2519
1 R
efun
d of
Rev
enue
25
192
Petty
Cas
h 25
193
Prin
ted
Form
s 25
195
Bank
Acc
ount
Ser
vice
Cha
rge
2519
6 C
ash
Cha
nge
2519
9 O
ther
25
210
Ser
vice
Are
a D
irect
ion
- Pur
chas
ing,
War
ehou
sing
, and
Dis
t. S
rvcs
. 25
220
Purc
hasi
ng
2523
0 W
areh
ousi
ng a
nd D
istri
butio
n 25
300
Prin
ting,
Pub
lishi
ng, a
nd D
uplic
atin
g Se
rvic
es
2540
0 Pl
anni
ng, R
esea
rch,
Dev
elop
men
t and
Eva
luat
ion
2551
0 D
irect
ion
of R
enta
l Ser
vice
s - T
extb
ooks
for R
ent o
r Res
ale
2552
0 Te
xtbo
oks,
Wor
kboo
ks, a
nd R
epai
rs
2552
5 C
ompu
ters
in L
ieu
of T
extb
ooks
25
530
Dis
tribu
tion
of T
extb
ook
Rei
mbu
rsem
ent
2554
0 O
ther
Tex
tboo
k R
enta
l Ser
vice
s 25
550
Dire
ctio
n of
Res
ale
Serv
ice
2556
0 Te
xtbo
oks
and
Wor
kboo
ks
Resource Guide ISBA 47
Tabl
e of
Exp
endi
ture
s Ju
ly –
Dec
embe
r 201
6 Ex
pend
iture
#
Expe
nditu
re N
ame
2557
0 M
ater
ials
and
Sup
plie
s 25
590
Oth
er T
extb
ook
Res
ale
Serv
ices
25
600
Publ
ic In
form
atio
n Se
rvic
es
2571
0 Su
perv
isio
n of
Per
sonn
el S
ervi
ces
2572
0 R
ecru
itmen
t and
Pla
cem
ent
2573
0 Pe
rson
nel S
ervi
ces
2574
0 N
on-in
stru
ctio
nal P
erso
nnel
Tra
inin
g 25
750
Hea
lth S
ervi
ces
2579
0 O
ther
Per
sonn
el S
ervi
ces
2581
0 Te
chno
logy
Ser
vice
Sup
ervi
sion
and
Adm
inis
tratio
n 25
820
Sys
tem
s An
alys
is a
nd P
lann
ing
2583
0 S
yste
ms
Appl
icat
ion
Dev
elop
men
t 25
840
Sys
tem
s O
pera
tions
25
850
Net
wor
k Su
ppor
t 25
860
Har
dwar
e M
aint
enan
ce a
nd S
uppo
rt 25
870
Pro
fess
iona
l Dev
elop
men
t for
Inst
ruct
ion-
focu
sed
Tech
. Per
sonn
el
2589
0 O
ther
Tec
hnol
ogy
Ser
vice
s 25
910
Judg
men
ts
2592
0 D
itch
Asse
ssm
ents
25
930
Ease
men
ts
2594
0 Se
ttlem
ents
25
950
Oth
er A
sses
smen
ts
2599
0 O
ther
Sup
port
Ser
vice
s - C
entra
l 26
100
Ser
vice
Are
a D
irect
ion
- Ope
ratio
n &
Mai
nten
ance
of P
lant
Ser
vice
s 26
200
Mai
nten
ance
of B
uild
ings
26
300
Mai
nten
ance
of G
roun
ds
2640
0 M
aint
enan
ce o
f Equ
ipm
ent
2650
0 Ve
hicl
e M
aint
enan
ce (n
ot b
uses
) 26
600
Secu
rity
Serv
ices
26
700
Insu
ranc
e 26
800
Oth
er O
pera
ting
and
Mai
nten
ance
of P
lant
27
010
Serv
ice
Area
Dire
ctio
n - S
tude
nt T
rans
porta
tion
2710
0 Ve
hicl
e O
pera
tion
2720
0 M
onito
ring
Serv
ices
27
300
Vehi
cle
Serv
icin
g an
d M
aint
enan
ce
2740
0 Pu
rcha
se o
f Sch
ool B
uses
27
500
Insu
ranc
e on
Bus
es
2760
0 In
sura
nce
on P
upils
Expe
nditu
re #
Ex
pend
iture
Nam
e 27
700
Con
tract
ed T
rans
porta
tion
Serv
ices
27
900
Oth
er S
tude
nt T
rans
porta
tion
Ser
vice
s 27
910
Bus
Driv
er T
rain
ing
3110
0 Se
rvic
e Ar
ea D
irect
ion
- Foo
d S
ervi
ces
Ope
ratio
ns
3120
0 Fo
od P
repa
ratio
n an
d D
ispe
nsin
g 31
300
Food
Del
iver
y 31
400
Food
Pur
chas
es
3150
0 D
istri
butio
n of
Sch
ool L
unch
Rei
mbu
rsem
ent
3190
0 O
ther
Foo
d S
ervi
ces
3310
0 D
irect
ion
of C
omm
unity
Ser
vice
s 33
200
Com
mun
ity R
ecre
atio
n 33
300
Civ
ic S
ervi
ces
3340
0 At
hlet
ic C
oach
es
3350
0 W
elfa
re A
ctiv
ities
Ser
vice
s 33
600
Non
publ
ic S
choo
l Pup
il Se
rvic
es
3391
0 H
igh
Scho
ol B
and
Uni
form
s 33
920
Con
tribu
tions
to H
isto
rical
Soc
ietie
s 33
930
Latc
h Ke
y K
id P
rogr
am
3394
0 C
hild
Car
e S
ervi
ces
3395
0 St
ep A
head
33
990
Oth
er
4010
0 Se
rvic
e Ar
ea D
irect
ion
- Fac
ilitie
s Ac
quis
ition
& C
on.
4100
0 La
nd A
cqui
sitio
n an
d D
evel
opm
ent
4300
0 Pr
ofes
sion
al S
ervi
ces
4400
0 Ed
ucat
iona
l Spe
cific
atio
ns D
evel
opm
ent
4510
0 Bu
ildin
g Ac
quis
ition
, Con
stru
ctio
n an
d Im
prov
emen
ts
4520
0 En
ergy
Sav
ings
Con
tract
s 45
300
Skille
d C
raft
Empl
oyee
s 45
400
Spor
ts F
acili
ties
4550
0 R
ent o
f Bui
ldin
gs, F
acilit
ies,
and
Equ
ipm
ent
4600
0 Pu
rcha
se o
f Mov
eabl
e Eq
uipm
ent
4700
0 Pu
rcha
se o
f Mob
ile o
r Fix
ed E
quip
men
t 49
000
Oth
er F
acilit
ies
Acqu
isiti
on a
nd C
onst
ruct
ion
5110
0 Bo
nds
- Prin
cipa
l 51
200
Tem
pora
ry L
oans
- Pr
inci
pal
5130
0 Em
erge
ncy
Loan
s - P
rinci
pal
5140
0 Sc
hool
Bus
Loa
ns -
Prin
cipa
l 51
500
Bond
Ant
icip
atio
n N
otes
- P
rinci
pal
Resource Guide48 ISBA
Tabl
e of
Exp
endi
ture
s Ju
ly –
Dec
embe
r 201
6 Ex
pend
iture
#
Expe
nditu
re N
ame
5160
0 B
ank
Loan
s or
DLG
F A
ppro
ved
Deb
t - P
rinci
pal
5210
0 Bo
nds
- Int
eres
t 52
200
Tem
pora
ry L
oans
- In
tere
st
5230
0 Em
erge
ncy
Loan
s - I
nter
est
5240
0 Sc
hool
Bus
Loa
ns -
Inte
rest
52
500
Bond
Ant
icip
atio
n N
otes
- In
tere
st
5260
0 O
ther
DLG
F Ap
prov
ed D
ebt -
Inte
rest
53
100
Build
ings
- Pr
inci
pal
5315
0 Bu
ildin
gs -
Inte
rest
53
200
Equi
pmen
t - P
rinci
pal
5325
0 Eq
uipm
ent -
Inte
rest
53
300
Scho
ol B
uses
- Pr
inci
pal
5335
0 Sc
hool
Bus
es -
Inte
rest
53
400
Oth
er -
Prin
cipa
l 53
450
Oth
er -
Inte
rest
54
100
Vete
rans
' Mem
oria
l Loa
n - P
rinci
pal
5415
0 Ve
tera
ns' M
emor
ial L
oan
- Int
eres
t 54
200
Com
mon
Sch
ool F
und
Loan
- Pr
inci
pal
5425
0 C
omm
on S
choo
l Fun
d Lo
an -
Inte
rest
54
300
Civ
il A
id B
ond
Obl
igat
ions
- Pr
inci
pal
5435
0 C
ivil
Aid
Bon
d O
blig
atio
ns -
Inte
rest
59
100
Reg
istra
rs F
ee
5920
0 Ba
nk F
ee
6010
0 Tr
ansf
ers
From
One
Fun
d to
Ano
ther
60
114
PL 1
09-2
010
Tran
sfer
s 60
115
Tran
sfer
to E
xtra
curr
icul
ar A
ccou
nt
6015
0 D
onat
ions
to F
ound
atio
ns in
Acc
orda
nce
with
IC 2
0-47
-1
6020
0 Lo
ans
From
One
Fun
d to
Ano
ther
60
300
Secu
ritie
s Pu
rcha
sed
6040
0 FI
CA
Tran
sfer
s - C
o-op
s 60
500
Deb
t Ser
vice
TBR
- Tr
ansf
ers
ECA
Onl
y 60
600
Indi
rect
Cos
ts
6070
0 Sc
hola
rshi
ps
6080
0 Se
lf In
sura
nce
Pay
men
t
ACC
OU
NTS
LIS
TED
BEL
OW
WIL
L BE
US
ED T
O
G
ENER
ATE
THE
STAT
EMEN
T O
F O
BLIG
ATI
ON
S.
YO
U M
UST
USE
SEC
TIO
N 9
AN
D O
BJEC
TS
90
1 TH
RO
UG
H 9
06 O
NLY
.
96
001
Tem
pora
ry L
oans
96
002
Scho
ol B
onds
96
003
Emer
genc
y Lo
ans
9600
4 Sc
hool
Bus
Loa
ns
9600
5 H
oldi
ng C
ompa
ny -
Publ
ic a
nd P
rivat
e 96
006
Vete
rans
' Mem
oria
l Loa
ns
9600
7 C
omm
on S
choo
l Loa
ns
9600
8 C
ivil
Aid
Bon
ds
9600
9 Bo
nd A
ntic
ipat
ion
Not
es
9601
0 Ba
nk L
oans
or D
LGF
Appr
oved
Deb
t 96
011
Ret
irem
ent/S
ever
ance
Bon
ds
9601
2 Q
ualif
ied
Scho
ol C
onst
ruct
ion
Bon
d (S
timul
us)
9601
3 Q
ualif
ied
Zone
Aca
dem
y B
ond
(Stim
ulus
)
Resource Guide ISBA 49
Tabl
e of
Obj
ects
Ju
ly -
Dece
mbe
r 201
6
Obj
ect #
O
bjec
t Nam
e 11
0 C
ertif
ied
Sala
ries
115
Boar
d M
embe
rs
120
Non
certi
fied
Sal
arie
s 12
5 Te
rmin
al L
eave
13
0 Te
mpo
rary
Sal
arie
s 13
1 St
ipen
ds
135
Lice
nsed
Em
ploy
ees
136
Non
-lice
nsed
Em
ploy
ees
140
Ove
rtim
e Sa
larie
s 21
1 So
cial
Sec
urity
- N
once
rtifie
d 21
2 So
cial
Sec
urity
- C
ertif
ied
213
Seve
ranc
e/E
arly
Ret
irem
ent P
ay
214
Publ
ic E
mpl
oyee
s R
etire
men
t Fun
d 21
5 Te
ache
r Ret
irem
ent F
und,
Prio
r to
7-1-
95
216
Teac
her R
etire
men
t Fun
d, A
fter 7
-1-9
5 21
7 Pu
blic
Em
ploy
ees
Ret
irem
ent F
und
- Opt
iona
l Con
tribu
tion
218
Teac
her R
etire
men
t Fun
d - O
ptio
nal C
ontri
butio
n 22
1 G
roup
Life
Insu
ranc
e 22
2 G
roup
Hea
lth In
sura
nce
223
Gro
up A
ccid
ent I
nsur
ance
22
4 O
ther
Gro
up In
sura
nce
Auth
oriz
ed b
y St
atut
e 22
5 W
orke
rs C
ompe
nsat
ion
Insu
ranc
e 23
0 U
nem
ploy
men
t Ins
uran
ce
235
Mea
ls P
rovi
ded
240
Ente
rtain
men
t 24
1 - 2
90
Oth
er E
mpl
oyee
Ben
efits
31
1 In
stru
ctio
n S
ervi
ces
312
Inst
ruct
iona
l Pro
gram
s Im
prov
emen
t Ser
vice
s 31
3 Pu
pil S
ervi
ces
314
Staf
f Ser
vice
s 31
6 D
ata
Proc
essi
ng S
ervi
ces
317
Stat
istic
al S
ervi
ces
Obj
ect #
O
bjec
t Nam
e 31
8 Bo
ard
of E
duca
tion
Serv
ices
31
9 O
ther
Pro
fess
iona
l and
Tec
hnic
al S
ervi
ces
411
Wat
er a
nd S
ewag
e 41
2 R
emov
al o
f Ref
use
and
Gar
bage
41
9 O
ther
Pub
lic o
r Priv
ate
Util
ity S
ervi
ces
420
Cle
anin
g Se
rvic
es
430
Rep
airs
and
Mai
nten
ance
Ser
vice
s 44
0 R
enta
ls
450
Con
stru
ctio
n Se
rvic
es
490
- 499
O
ther
Pur
chas
ed P
rope
rty S
ervi
ces
510
Stud
ent T
rans
porta
tion
Serv
ices
51
1 St
uden
t Tra
ns. P
urch
ased
Fro
m A
noth
er In
dian
a Sc
hl C
orp
512
Stud
ent T
rans
. Pur
chas
ed F
rom
Ano
ther
Sch
l Cor
p O
utsi
de th
e St
ate
520
Insu
ranc
e 52
5 O
ffici
al B
ond
Prem
ium
s 53
1 Te
leph
one
532
Post
age
and
Post
age
Mac
hine
Ren
tal
533
- 539
O
ther
Com
mun
icat
ion
Ser
vice
s 54
0 Ad
verti
sing
55
0 Pr
intin
g an
d Bi
ndin
g 56
1 Tr
ansf
er T
uitio
n to
Oth
er S
choo
l Cor
ps W
ithin
the
Stat
e 56
2 Tr
ansf
er T
uitio
n to
Oth
er S
choo
l Cor
p O
utsi
de th
e St
ate
563
Tran
sfer
Tui
tion
to P
rivat
e So
urce
s 56
4 Tr
ansf
er T
uitio
n to
Edu
catio
nal S
ervi
ce A
genc
ies
With
in th
e St
ate
565
Tran
sfer
Tui
tion
to E
duca
tiona
l Ser
vice
Age
ncie
s O
utsi
de th
e St
ate
566
Tran
sfer
Tui
tion
to C
harte
r Sch
ools
56
9 Tr
ansf
er T
uitio
n - O
ther
57
0 C
ontri
butio
ns &
Don
atio
ns to
Out
side
Org
aniz
atio
ns
580
Trav
el
591
Svcs
Pur
chas
ed F
rom
a S
ch C
orp/
Ed S
rvcs
Age
ncy
With
in th
e St
ate
592
Svcs
Pur
chas
ed F
rom
a S
ch C
orp/
Ed S
rvcs
Age
ncy
Out
side
the
Stat
e 59
3 O
ther
Pur
chas
ed S
ervi
ces
Resource Guide50 ISBA
Tabl
e of
Obj
ects
Ju
ly -
Dece
mbe
r 201
6
Obj
ect #
O
bjec
t Nam
e 61
1 O
pera
tiona
l Sup
plie
s 61
2 Ti
res
and
Rep
airs
61
3 G
asol
ine
and
Lubr
ican
ts
614
Food
Pur
chas
es
615
Oth
er S
uppl
ies
621
Hea
ting
and
Coo
ling
for B
uild
ings
- E
lect
ricity
62
2 H
eatin
g an
d C
oolin
g fo
r Bui
ldin
gs -
Gas
62
3 H
eatin
g an
d C
oolin
g fo
r Bui
ldin
gs -
Fuel
Oil
624
Hea
ting
and
Coo
ling
for B
uild
ings
- O
ther
Ene
rgy
Sou
rces
62
5 Li
ght a
nd P
ower
- O
ther
Tha
n H
eatin
g an
d C
oolin
g 62
6 G
as -
Oth
er T
han
Hea
ting
and
Coo
ling
630
Text
book
s 64
0 Li
brar
y B
ooks
65
0 Pe
riodi
cals
66
0 - 6
89
Oth
er S
uppl
ies
and
Mat
eria
ls
710
Land
and
Eas
emen
ts
715
Impr
ovem
ents
Oth
er T
han
Build
ings
72
0 Bu
ildin
gs
730
Equi
pmen
t 73
1 Ve
hicl
es
735
Equi
pmen
t Pur
chas
e ov
er th
e LE
A's
Cap
italiz
atio
n Th
resh
old
741
Com
pute
r Har
dwar
e 74
2 D
ista
nce
Lear
ning
Equ
ipm
ent
743
Wire
less
Equ
ipm
ent
744
Con
nect
ivity
74
5 Te
leco
mm
unic
atio
ns E
quip
men
t 74
6 O
ther
Tec
hnol
ogy
Har
dwar
e 74
7 C
onte
nt
748
Prof
essi
onal
Dev
elop
men
t 81
0 D
ues
and
Fees
82
0 Ju
dgm
ents
Aga
inst
the
Scho
ol C
orpo
ratio
n 82
5 Se
ldom
or N
on-r
ecur
ring
Fine
s
Obj
ect #
O
bjec
t Nam
e 83
1 R
edem
ptio
n of
Prin
cipa
l 83
2 In
tere
st
871
Bank
Ser
vice
Cha
rges
87
2 La
te P
aym
ents
87
3 Se
ldom
or N
on-R
ecur
ring
Purc
hase
s 87
5 A
war
ds
876
- 899
M
isce
llane
ous
Obj
ects
91
0 Tr
ansf
ers
920
Inve
stm
ents
93
0 S
ubA
war
ds/S
ubG
rant
s - t
o O
ther
Gov
ernm
enta
l Uni
ts le
ss th
an $
25,0
00
931
Sub
Aw
ards
/Sub
Gra
nts
- to
Oth
er G
over
nmen
tal U
nits
gre
ater
than
$25
,000
94
0 S
ubA
war
ds/S
ubG
rant
s - t
o N
on G
over
nmen
tal U
nits
less
than
$25
,000
94
1 S
ubA
war
ds/S
ubG
rant
s - t
o N
on G
over
nmen
tal U
nits
gre
ater
than
$25
,000
OBJ
ECT
LIST
ED B
ELO
W A
RE
TO
BE
USE
D O
NLY
W
ITH
SEC
TIO
N 9
EN
TRIE
S TO
GEN
ERAT
E TH
E
ST
ATEM
ENT
OF
OBL
IGA
TIO
NS.
901
Prin
cipa
l Out
stan
ding
- Be
ginn
ing
902
Prin
cipa
l Cre
ated
Dur
ing
6 M
onth
s 90
3 To
tal P
rinci
pal
904
Prin
cipa
l Pai
d D
urin
g 6
Mon
ths
905
Prin
cipa
l Out
stan
ding
- En
ding
90
6 In
tere
st D
ebt O
utst
andi
ng
Resource Guide ISBA 51
Stat
e Lo
cal
Loc
al G
rant
s St
ate
Fede
ral
Loca
l Bo
nd
Pare
nt
Empl
oyee
St
uden
tFu
nd N
umbe
rs
Fund
Nam
es
Tuiti
on
Taxe
s an
d Tr
usts
Gr
ants
Gr
ants
Au
thor
ity
Proc
eeds
Pa
y Pa
y Pa
y
100
Gene
ral/E
duca
tion
x
16
0-42
0 Op
erat
ions
/Deb
t/Re
fere
ndum
x
610
Rain
y Day
x
x
620
Retir
emen
t/Se
vera
nce
Bond
x
700s
Co
nstru
ctio
n Fu
nds
x
x
80
0 Sc
hool
Lun
ch
x
90
0 Te
xtbo
ok R
enta
l Fun
d x
x
x
11
00
Self
Insu
ranc
e x
x
1200
Le
vy E
xces
s
x
1300
s Sp
ec E
d C
oope
rativ
es
x x
x
14
00s
Vo
c Ed
Coo
pera
tives
x
x
1500
s Jo
int S
ervic
es
x
16
00s
Child
Car
e Pr
ogra
m
x
x
19
00s
Cate
goric
al S
tude
nt S
uppo
rt
x
2000
s Do
natio
ns,G
ifts,
Trus
ts
x
21
00s
Inst
ruct
iona
l Sup
port
x
23
00
Extra
Cur
ricul
ar
x
x
x 30
00 -
3249
St
ate
Gran
ts
x
32
50s
Med
icai
d Re
imbu
rsem
ent
x
3710
-371
9 No
n-En
glis
h Sp
eaki
ng
x
37
20
Scho
ol T
echn
olog
y (eR
ate)
x
3730
-390
0s
Stat
e Gr
ants
or C
ateg
oric
al S
pend
ing
x
x
40
00s-
6000
s Fe
dera
l Gra
nts
(incl
udig
Titl
e Gr
ants
)
x
7000
s Fe
dera
l Stim
ulus
Fun
ds
x
FUND
S BY
FUN
DING
SOU
RCE
Resource Guide52 ISBA
NOTES
_______________________________________________________________________________________
_______________________________________________________________________________________
_______________________________________________________________________________________
_______________________________________________________________________________________
_______________________________________________________________________________________
_______________________________________________________________________________________
_______________________________________________________________________________________
_______________________________________________________________________________________
_______________________________________________________________________________________
_______________________________________________________________________________________
_______________________________________________________________________________________
_______________________________________________________________________________________
_______________________________________________________________________________________
_______________________________________________________________________________________
_______________________________________________________________________________________
_______________________________________________________________________________________
_______________________________________________________________________________________
_______________________________________________________________________________________
_______________________________________________________________________________________
_______________________________________________________________________________________
_______________________________________________________________________________________
_______________________________________________________________________________________
_______________________________________________________________________________________
_______________________________________________________________________________________
_______________________________________________________________________________________
_______________________________________________________________________________________
_______________________________________________________________________________________
_______________________________________________________________________________________
_______________________________________________________________________________________
_______________________________________________________________________________________
Resource Guide ISBA 53
APPENDIX C
SAMPLE INTERNAL REPORTS
Resource Guide54 ISBA
Ba
lanc
e
Ba
lanc
e Ba
lanc
e
Ba
lanc
eFu
nd
Desc
riptio
n 7/
1/20
17
Rece
ipts
Ex
pend
iture
s 3/
31/2
018
7/1/
2016
Re
ceip
ts
Expe
nditu
res
3/31
/201
7
100
Gene
ral F
und
$33
,173
,818
$
196,
510,
195
$
(207
,173
,836
) $
22,5
10,1
77
$52
,879
,784
$
176,
005,
413
$
(174
,716
,802
) $
54,1
68,3
95
200
Debt
Ser
vice
Fund
1
5,56
4,17
2
5,3
16,6
82
(16,
714,
268)
4
,166
,586
21
,760
,663
2
4,64
4,76
4
(19,
627,
867)
2
6,77
7,56
0 35
0 Ca
pita
l Pro
ject
s Fu
nd
23,
288,
999
1
7,95
8,65
1
(29,
090,
727)
1
2,15
6,92
3
24,0
40,4
29
20,
389,
304
(3
1,92
1,26
2)
12,
508,
471
410
Tran
spor
tatio
n Op
erat
ing
55,
311,
083
1
8,53
4,35
9
(22,
010,
537)
5
1,83
4,90
5
4,05
0,21
6
18,
506,
790
(2
6,18
1,73
1)
(3,6
24,7
25)
420
Bus
Repl
acem
ent
87,
670
5
,619
,629
(5
,837
,404
) (1
30,1
05)
4,69
0,47
5
3,4
16,4
75
(7,5
30,7
17)
576
,233
61
0 Ra
iny D
ay F
und
18,
919,
896
-
-
18,9
19,8
96
18,9
19,8
96
-
-
18
,919
,896
80
0 Sc
hool
Lun
ch F
und
25,
945,
809
1
8,18
8,24
0
(18,
973,
839)
2
5,16
0,21
0
29,8
21,1
73
16,
500,
466
(1
9,55
5,46
3)
26,
766,
176
To
tal F
unds
$
172,
291,
447
$
262,
127,
756
$
(299
,800
,611
) $
134,
618,
592
$1
56,1
62,6
36
$25
9,46
3,21
2
$(2
79,5
33,8
42)
$13
6,09
2,00
6
INTE
RNAL
FIN
ANCI
AL R
EPOR
TING
Com
para
tive
Year
-to-D
ate
for M
arch
31,
201
7 an
d M
arch
30,
201
8
Fisc
al Y
ear 2
018
Fisc
al Y
ear 2
017
The
purp
ose
of th
e in
tern
al fi
nanc
ial r
epor
t is
to in
form
by
fund
the
begi
nnin
g ba
lanc
e, th
e re
ceip
ts a
nd e
xpen
ditu
res
for t
he p
erio
d, a
nd th
e cl
osin
g ba
lanc
e.
Addi
tiona
lly, i
t sho
uld
be a
com
para
tive
repo
rt fo
r the
cur
rent
yea
r-to
-dat
e an
d pr
ior y
ear-
to-d
ate
for t
he s
ame
perio
ds o
f tim
e.
Resource Guide ISBA 55
GENE
RAL
FUND
Acco
unt N
umbe
r Ac
coun
t Des
crip
tion
Q1 -
2018
20
18 B
udge
t %
of B
udge
t No
tes
110-
240
Sala
ries/
Bene
fits
$30,
407,
855
$1
07,4
49,5
92
28%
Slig
htly
over
targ
et o
f 26.
9% (7
out
of 2
6 pa
yrol
ls fo
r yea
r)
31
1-31
9 Se
rvic
es (S
tude
nt/S
taff)
$3
41,8
45
$1,7
81,2
43
19%
On ta
rget
com
pare
d to
bud
get
561
Tr
ansf
er T
uitio
n $2
24,5
67
$3,1
75,0
00
7%
On ta
rget
; hig
her t
uitio
n pa
ymen
ts la
ter h
alf o
f yea
r
41
1, 4
12, 5
20,
Utili
ties
/ Lia
bilit
y
531,
622
, 625
In
sura
nce
/ Rep
airs
$1
,116
,017
$6
,037
,102
18
% On
targ
et c
ompa
red
to b
udge
t; sl
ight
ly hi
gher
YOY
532-
550,
580
-615
, 640
-899
Su
pplie
s $4
65,9
16
$2,8
99,7
79
16%
On ta
rget
com
pare
d to
bud
get;
slig
htly
lowe
r YOY
83
1
Leas
e Pa
ymen
ts
$183
,353
$-
n/
a No
bud
get f
or o
pera
ting
leas
e pa
ymen
ts; n
eed
to m
ove
mon
ey to
cov
er
TOTA
LS
All A
ccou
nts
$32,
739,
553
$1
21,3
42,7
16
27%
Slig
htly
ahea
d of
targ
et, g
iven
low
expe
nditu
res
in n
on-s
alar
y acc
ount
s
OP
ERAT
ING
REFE
REND
UM F
UND
Acco
unt N
umbe
r Ac
coun
t Des
crip
tion
Q1
- 201
8
201
8 Bu
dget
%
of B
udge
t No
tes
110-
240
Sala
ries/
Bene
fits
$1,
427,
326
$
6,45
5,00
0
22%
On b
udge
t tar
get
430
Re
pairs
/ M
aint
enan
ce
$62
0,92
0
$2,
859,
195
22
% On
bud
get t
arge
t
73
0
Equi
pmen
t / S
uppl
ies
$87
,609
$
993,
000
9%
On
bud
get t
arge
t
TO
TALS
Al
l Acc
ount
s $
2,13
5,85
4
$10
,307
,195
21
% On
bud
get t
arge
t
DEBT
SER
VICE
FUN
D A
ll bo
nd p
aym
ents
will
be
proc
esse
d ac
cord
ing
to th
eir r
epay
men
t sch
edul
e at
the
end
of Q
uarte
r 2, 2
018.
PE
NSIO
N DE
BT S
ERVI
CE F
UND
Pen
sion
Bon
d wa
s re
tired
on
Mar
ch 1
, 201
8.
CAPI
TAL
PROJ
ECTS
FUN
D
Ac
coun
t Num
ber
Acco
unt D
escr
iptio
n Q
1 - 2
018
2
018
Budg
et
% of
Bud
get
Note
s
43
0
Repa
irs
$85
,057
$
1,23
4,21
3
7%
On ta
rget
; exp
endi
ture
s se
t for
sum
mer
/fal
l
73
0
Equi
pmen
t $
158,
797
$
1,23
7,54
9
13%
On ta
rget
; exp
endi
ture
s se
t for
sum
mer
/fal
l
TO
TALS
Al
l Acc
ount
s $
270,
885
$
2,47
1,76
1
11%
On b
udge
t tar
get
TRAN
SPOR
TATI
ON O
PERA
TING
FUN
D
Acco
unt N
umbe
r Ac
coun
t Des
crip
tion
Q1
- 201
8
201
8 Bu
dget
%
of B
udge
t No
tes
110-
240
Sala
ries/
Bene
fits
$91
8,10
9
$1,
169,
500
79
% Pl
anne
d ov
erag
e to
refe
rend
um
319.
411
. 531
. 580
, 611
-662
Se
rvic
es, S
uppl
ies
$29
5,37
5
$1,
409,
500
21
% On
targ
et
430,
665
-668
Re
pairs
/Mai
nten
ance
, Equ
ipm
ent
$13
5,28
4
$83
5,21
9
16%
On ta
rget
TOTA
LS
All A
ccou
nts
$1,
348,
768
$
3,41
4,21
9
40%
On b
udge
t tar
get
BUS
REPL
ACEM
ENT
FUND
Lea
se p
aym
ents
will
be
mad
e ac
cord
ing
to le
ase
paym
ent s
ched
ules
in Q
uarte
r 2, 3
, and
4, 2
018.
BU
DGET
VAR
IANC
E LE
TTER
for t
he Q
uarte
r End
ed M
arch
31,
201
8
The
purp
ose
of th
e (q
uarte
rly) v
aria
nce
lette
r is
to in
form
on
year
-to-d
ate
expe
nditu
res
by fu
nd a
nd b
y ac
coun
t (or
obj
ect c
ode)
by
iden
tifyi
ng m
ater
ial v
aria
nces
fro
m b
udge
t and
exp
lain
ing
the
reas
on(s
) for
the
varia
nce.
Resource Guide56 ISBA
Cash
and
Cas
h Eq
uiva
lent
s (B
ank
Acco
unts
)
In
t Ba
lanc
e
Ne
t
Bala
nce
Fina
ncia
l Ins
titut
ion
- Des
crip
tion
Acct
#
Rate
3/
1/20
18
De
posi
ts
Di
sbur
sem
ents
In
com
e
3/31
/201
8
JP M
orga
n Ch
ase
(Ope
ratin
g)
7334
0.
45%
$7,5
64,3
02.0
6
$31,
489,
237.
24
$(32
,548
,466
.10)
$2
63.8
0
$6,5
05,3
37.0
0 JP
Mor
gan
Chas
e (P
ayro
ll)
3782
N/
A
4,
575,
500.
00
(4,5
75,5
00.0
0)
- PN
C Ba
nk (P
ay-C
ards
) 11
89
N/A
276,
378.
70
193,
258.
90
(162
,852
.80)
-
3
06,7
84.8
0 PN
C Ba
nk (T
extb
ook
Rent
al)
2189
N/
A 84
,231
.90
6,
632.
32
-
-
90,8
64.2
2 Pe
tty C
ash
N/
A N/
A 57
5.00
-
-
-
575
.00
Hoos
ier F
und
2130
1.
54%
700,
000.
00
898.
33
700,
898.
33
Trus
t Ind
iana
31
45
1.56
% 1,
402,
500.
00
- (1
50,0
00.0
0)
1,62
5.53
1,
254,
125.
53
Hunt
ingt
on B
ank
Hold
ing
Acco
unt
9615
N/
A
45,
100.
00
-
(4
5,10
0.00
) -
-
$10,
073,
087.
66
$36,
264,
628.
46
$(37
,481
,918
.90)
$2
,787
.66
$8
,858
,584
.88
Inve
stm
ents
(Cer
tifica
tes
of D
epos
it)
Mat
urity
Int
Ba
lanc
e
Ne
t
Bala
nce
Fina
ncia
l Ins
titut
ion
Date
Rate
3/
1/20
18
De
posi
ts
With
draw
als
In
com
e
3/31
/201
8
Lake
City
Ban
k 3/
18/2
015
1.97
% $6
00,0
00.0
0
$-
$(60
0,98
5.00
) $9
85.0
0
$-
Lake
City
Ban
k 6/
30/2
018
2.05
% 50
0,00
0.00
-
- 50
0,00
0.00
Ke
y Ban
k 12
/15/
2018
1.
77%
-
300,
000.
00
-
-
300
,000
.00
Hunt
ingt
on B
ank
6/30
/201
9 1.
87%
-
300,
000.
00
-
-
300
,000
.00
$1,1
00,0
00.0
0
$600
,000
.00
$(
600,
985.
00)
$98
5.00
$1
,100
,000
.00
Tota
l Cas
h an
d In
vest
men
ts
$11,
173,
087.
66
$36,
864,
628.
46
$(38
,082
,903
.90)
$
3,77
2.66
$9
,958
,584
.88
TREA
SURE
R’S
REPO
RT: C
ASH
AND
INVE
STM
ENTS
The
purp
ose
of th
e Tr
easu
rer’s
Cas
h an
d In
vest
men
t Rep
ort i
s to
sta
te c
ash
(ban
k) b
alan
ces
and
inve
stm
ent i
nstru
men
ts b
y ty
pe, b
y ba
nk w
ith re
late
d in
tere
st ra
tes
and
inte
rest
ear
ning
s.
Resource Guide ISBA 57
Budg
et
Gene
ral O
blig
atio
n Fi
rst M
ortg
age
Fi
rst M
ortg
age
Fi
rst M
ortg
age
Sc
hool
Bus
To
tal O
utst
andi
ng
Year
Pe
nsio
n Bo
nds
Bond
s, S
erie
s 20
10
Bond
s, S
erie
s 20
15
Bond
s, S
erie
s 20
17
Leas
e, 2
017
Debt
Ser
vice
20
18
$35
0,00
0
$45
0,00
0
$65
0,00
0
$75
,000
$
38,7
50
$1,
563,
750
20
19
350
,000
4
50,0
00
650
,000
7
5,00
0
38,
750
1
,563
,750
2020
-
4
75,0
00
650
,000
3
50,0
00
38,
750
1
,513
,750
2021
-
4
75,0
00
650
,000
3
50,0
00
38,
750
1
,513
,750
2022
-
4
85,0
00
650
,000
3
80,0
00
-
1,5
15,0
00
20
23
-
485
,000
6
50,0
00
380
,000
-
1
,515
,000
2024
-
4
85,0
00
650
,000
3
80,0
00
-
1,5
15,0
00
20
25
-
485
,000
6
50,0
00
380
,000
-
1
,515
,000
2026
-
-
6
50,0
00
380
,000
-
1
,030
,000
2027
-
-
6
50,0
00
380
,000
-
1
,030
,000
2028
-
-
6
50,0
00
380
,000
-
1
,030
,000
2029
-
-
6
50,0
00
380
,000
-
1
,030
,000
2030
-
-
6
50,0
00
380
,000
-
1
,030
,000
2031
-
-
-
3
80,0
00
-
380
,000
2032
-
-
-
3
80,0
00
-
380
,000
$700
,000
$
3,79
0,00
0
$8,
450,
000
$
5,03
0,00
0
$15
5,00
0
$18
,125
,000
DEBT
WOR
KSHE
ET
The
purp
ose
of th
e De
bt W
orks
heet
is to
iden
tify
outs
tand
ing
debt
by
issu
ance
with
rela
ted
debt
ser
vice
pay
men
ts b
y ye
ar.
The
Debt
Wor
kshe
et s
uppo
rts th
e De
bt
Serv
ice
Fund
.
Resource Guide58 ISBA
As o
f:
Jan.
1st
Cas
h:Ja
nuar
y 31:
Febr
uary
28:
Mar
ch 3
1:Ap
ril 3
0:
May
31:
June
30:
July
31:
Augu
st 3
1:Se
ptem
ber 3
0:Oc
tobe
r 31:
Nove
mbe
r 30:
Dece
mbe
r 31:
Tota
ls:
CASH
FLO
W W
ORKS
HEET
- AN
Y FU
NDYe
ar:
Blan
k Ca
sh F
low
Wor
kshe
et
Prop
erty
Ta
x
$
Stat
e Ai
dBa
sic
Gran
t
$
All
Othe
r
$
Tota
l Re
ceip
ts
$
100
Sala
ries
$
200
Frin
ges
$
400
Cons
truct
$
700
Equi
pmen
t
$
All
Othe
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- - - - - - - - - - - - -
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Resource Guide ISBA 59
NOTES
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APPENDIX D
SAMPLE RESOLUTIONS
Resource Guide62 ISBA
1) Create the Education Fund and Operations Fund.
2) Transfer December 31, 2018 balances from expiring funds to the new funds.
3) Establish a recurring amount of transfer from the Education Fund to the Operations Fund.
We have provided sample resolutions tofacilitate your work.
HEA 1009 - 2017 REQUIRES THE BOARD TO TAKE THE
FOLLOWING ACTIONS:
Resource Guide ISBA 63
RESOLUTION TO ESTABLISH EDUCATION FUND AND OPERATIONS FUND
AUGUST 1, 2018
WHEREAS, the Board of School Trustees is the governing body of IASBO Community School Corporation, Hendricks County, Indiana, and
WHEREAS, HB 1009 requires the governing body of each school corporation to establish an education fund for the payment of expenses allocated to student instruction and learning under IC 20-42.5, and
WHEREAS, HB 1009 requires the governing body of each school corporation to establish an operations fund for the payment of expenses that are not allocated to student instruction and learning under IC 20-42.5;
THEREFORE BE IT RESOLVED, that the Board of School Trustees authorizes the Treasurer of IASBO Community School Corporation to establish the education fund and the operations fund effective January 1, 2019.
This resolution was duly made, seconded and adopted this 1st day of August, 2018.
_____________________________________ President, Board of School Trustees IASBO Community School Corporation
ATTEST:
_____________________________________ Secretary, Board of School TrusteesIASBO Community School Corporation
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RESOLUTION TO ESTABLISH INITIAL FUNDING FOR THE EDUCATION FUND
JANUARY 1, 2019
WHEREAS, the Board of School Trustees is the governing body of IASBO Community School Corporation, Hendricks County, Indiana, and
WHEREAS, HB 1009 required the governing body of each school corporation to establish an education fund for the payment of expenses allocated to student instruction and learning under IC 20-42.5, and
WHEREAS, HB 1009 required the governing body of each school corporation to transfer to the December 31, 2018 general fund balance to the education fund, effective January 1, 2019;
THEREFORE BE IT RESOLVED, that the Board of School Trustees authorizes the Treasurer of IASBO Community School Corporation to transfer the December 31, 2018 general fund balance to the education fund, effective, January 1, 2019.
This resolution was duly made, seconded and adopted this _______day of _______________, 2019.
_____________________________________ President, Board of School Trustees IASBO Community School Corporation
ATTEST:
_____________________________________ Secretary, Board of School TrusteesIASBO Community School Corporation
Resource Guide ISBA 65
RESOLUTION TO ESTABLISH INITIAL FUNDING FOR THE OPERATIONS FUND
JANUARY 1, 2019
WHEREAS, the Board of School Trustees is the governing body of IASBO Community School Corporation, Hendricks County, Indiana, and
WHEREAS, HB 1009 required the governing body of each school corporation to establish an operations fund for the payment of expenses that are not allocated to student instruction and learning under IC 20-42.5, and
WHEREAS, HB 1009 required the transfer of the December 31, 2018 fund balances of the capital projects fund, the transportation operating fund and the bus replacement fund to the operations fund, effective January 1, 2019;
THEREFORE BE IT RESOLVED, that the Board of School Trustees authorizes the Treasurer of IASBO Community School Corporation to transfer the December 31, 2018 fund balances of the capital projects fund, the transportation operating fund and the bus replacement fund to the operations fund, effective, January 1, 2019.
This resolution was duly made, seconded and adopted this _______day of _______________, 2019.
_____________________________________ President, Board of School Trustees IASBO Community School Corporation
ATTEST:
_____________________________________ Secretary, Board of School TrusteesIASBO Community School Corporation
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RESOLUTION TO TRANSFER AMOUNTS FROM EDUCATION FUND
TO THE OPERATIONS FUND
((RECURRING BASIS: MONTHLY, QUARTERLY, ANNUALLY))
WHEREAS, the Board of School Trustees is the governing body of IASBO Community School Corporation, Hendricks County, Indiana, and
WHEREAS, HB 1009 required the governing body of each school corporation to establish an education fund for the payment of expenses allocated to student instruction and learning under IC 20-42.5, and
WHEREAS, HB 1009 required the governing body of each school corporation to establish an operations fund for the payment of expenses that are not allocated to student instruction and learning under IC 20-42.5, and
WHEREAS, HB 1009 requires that distributions of tuition support be received in the education fund.
THEREFORE BE IT RESOLVED, that the Board of School Trustees authorizes the Treasurer of IASBO Community School Corporation to transfer the amount of ______________from the education fund to the operations fund, to reimburse the operations fund for expenses that are not allocated to student instruction and learning under IC 20-42.5 for the period of _____________________.
This resolution was duly made, seconded and adopted this _______day of _______________, 2019.
_____________________________________ President, Board of School Trustees IASBO Community School Corporation
ATTEST:
_____________________________________ Secretary, Board of School TrusteesIASBO Community School Corporation
Resource Guide ISBA 67
APPENDIX E
TAX INCREMENT FINANCING OVERVIEWBy PolicyAnalytics, LLC
Resource Guide68 ISBA
TAX INCREMENT FINANCING OVERVIEWPOLICY ANALYTICS
INTRODUCTIONTax increment financing (TIF) is an economic development mechanism used by municipalities and counties throughout Indiana. A combination of changes in State property tax controls and the budgetary pressures faced by local taxing units have motivated state and local officials to closely evaluate TIF policy in recent years. This focus has led to statutory changes regarding TIF reporting limitations on the permissible durations of a TIF and restrictions on TIF assessed value capture.
The potential impact of TIF on local taxing units schools is a common topic in TIF policy debates. However, quantifying the actual fiscal impact of TIF use on these “overlapping” taxing units is a complex endeavor that requires an understanding of both the local economic context and property tax mechanics in Indiana. Because the property tax rate controls enacted in 2008 apply differentially to parcels, a parcel level analysis is required to accurately estimate the impacts of property tax related policies like TIF. Finally, the question about whether impacts should be escribed as negative is predicated on assumptions about the necessity and effectiveness of public sector incentives to attract private sector development which can vary by circumstance.
MECHANICS OF TAX INCREMENT FINANCINGState statute (IC 36-7-4) establishes the policies and regulations governing tax increment financing. TIF operates by “capturing” the property tax revenues produced by new investment within a defined geographic to fund infrastructure and economic development initiatives related to the development. The revenue produced by a TIF property are commonly used to secure debt to improve the physical infrastructure of the redevelopment area. TIF is widely utilized by local government units in Indiana, and in various forms throughout the United States. One reason TIF use is widespread is that it allows civil units to fund economic development based on prospective development without increasing property tax rates for existing taxpayers, as is the case if general property taxes were used.
To be a TIF project, a qualified redevelopment commission first designates an “allocation area,” a defined geographical area within which assessed value will be captured. The existing tax base at the time the allocation area is created is established as the “base.” Any increased assessed value due to the construction of new facilities or other capital investment is captured in the “increment.” The property tax revenues produced by the increment assessed value is allocated to the redevelopment commission for use in economic development related purposes. The property tax revenues produced by the TIF base are not allocated for redevelopment purposes but remain with the local taxing units. At the end of the TIF’s lifespan (25 years after debt service is issued for most Indiana TIF districts), the entire increment reverts back to base taxing units.
ECONOMIC DEVELOPMENT TOOLSTax increment financing is popular in Indiana because it is one of the few economic development financing tools available to local civil units. While property tax abatements are frequently used
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to incentivize investment, they do not generate revenue from the new investment and so do not provide a revenue stream to finance infrastructure improvements.
Fiscal structures such as local sales taxes or local food and beverage taxes either are not available in Indiana or cannot be authorized by local taxing units. Other available tools, such as economic improvement districts, community revitalization (CRED) districts and urban enterprise zones are useful in certain situations but are not as flexible in their use or availability as tax increment financing. TIF is frequently used in Indiana because it is a flexible, market tested tool to fund local economic development and redevelopment.
DEFINITIONS:• Allocation Area – A geographically defined area within which assessed value can be captured
for economic development purposes.
• Redevelopment Commission – The governmental entity with the authority to administer TIF allocation areas. Redevelopment commissions are typically comprised of members appointed by a political subdivision.
• Base Assessment Date – The tax year in which a TIF allocation area is first effective.
• Base Assessed Value – The net assessed value within the allocation area as of the Base Assessment Date. The revenue produced from base assessed value is allocated to the taxing units, not the redevelopment commission.
• Increment Assessed Value – The increase in assessed value within the allocation area subsequent to the Base Assessment Date. Revenue produced by increment assessed value is allocated to the Redevelopment Commission for redevelopment or economic purposes.
• TIF Pass Through – Any amount of excess Increment Assessed Value released to base taxing units by decision of the Redevelopment Commission.
INTERACTIONS WITH PROPERTY TAX CONTROLSA common misconception is that the use of TIF simply redirects property tax revenue that would otherwise be available to taking units on a one-to-one basis. However, the interaction between TIF and overlapping taxing units is much more nuanced.
A common property tax levy is determined by a mechanism known in statute as the “assessed value growth quotient” (AVGQ). This metric is the six-year moving average of non-farm person income in Indiana. It is used to determine the allowable year-to-year increase for most non-debt levies. Schedule bond payment determine the certified levy for debt service funds. Aside from a few instances, the process used to establish property tax levies is independent of the TIF policy used by local civil units. Property taxes are then calculated by dividing the established certified levies by the total tax base (certified net assessed value).
If an investment is not captured in a TIF district, its assessed value would otherwise contribute to the tax base of local taxing units – the denominator of the tax rate calculation. Given no change in certified levy, a higher tax base will result in a lower tax rate. This interplay with the property tax rate is where TIF policy interacts with the budgets of other taxing units. A change in tax rate doesn’t typically affect the level of property taxes a taxing unit can charge, or levy, (outside of
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cumulative fund levies, which are determined by the tax rate) but can influence the amount of revenue a unit receives due to interactions with Indiana’s property tax rate controls, or “circuit breakers”.
School referendum funds are an important exception to the typical TIF interaction. IC 36-7-14-39 requires that TIF assessed value is included in the tax base of a school referendum fund. Levies approved by referendum for school operations are typically rate controlled. Increases in TIF increment assessed value do contribute to more property tax revenue in school referendum funds.
CIRCUIT BREAKER RATE CAPSIn 2008, the Indiana General Assembly enacted a series of property tax reforms that significantly altered the landscape of local government finance generally, and tax increment finance specifically. One of these reforms was the institution of parcel level, rate-based property tax controls that became known as the “Circuit Breaker Credit.” Once fully established, the circuit breaker limited property taxes to 1% of homestead property assessed value, 2% of rental, residential and farmland assessed value, and 3% of assessed value for all other property classes. The circuit breaker credit is the difference between the full property tax bill charged to the taxpayer and the amount the taxpayer is obligated to pay under the system of rate controls. While the circuit breaker credit made property tax obligations more predictable for taxpayers, it introduced a high degree of uncertainty into local government revenue estimation and budgeting.
Prior to the circuit breaker credit, growth in property tax revenue was determined primarily by levy controls. Taxing units were able to establish their allowable (certified) levy, regardless of fluctuations in the property tax base. If the tax base increased or decreased in value, movements in the property tax rate would offset that change.
The introduction of circuit breaker credit changed the dominant system of property tax control from levy controls to rate controls. The circuit breaker credit caps property tax revenues at a specified percent of assessed value, differentiated by property class. In the post-circuit breaker environment, property tax growth only occurs through growth in the tax base once all parcels reach the rate cap thresholds.
Before circuit breaker credits were effective, TIF capture did not significantly alter the property tax revenues of local taxing units. If the amount of TIF increment capture increased, tax rates adjusted to prevent a revenue shortfall for taxing units. With circuit breakers in effect, an increased tax rate does not necessarily produce a corresponding increase in revenue. TIF can affect taxing units by capturing assessed value that could potentially accrue to the tax base.
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NOTES
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WRITTEN WITHCONTRIBUTIONS FROM:
Author .................... Dennis Tackitt, Senior Consultant, Policy Analytics, LLC Co-Author & Managing Editor ......... Terry Spradlin, ISBA Executive Director
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INDIANA SCHOOL BOARDS ASSOCIATIONOne North Capitol Avenue, Suite 1215Indianapolis, IN 46204(317) 639-0330 (317)454-0731 Faxwww.isba-ind.org
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