Indiana § 20-19-7-4 Fiscal and qualitative indicators; factors; state budget committee
review

Indiana Statutes

§ 20-19-7-4 — Fiscal and qualitative indicators; factors; state budget committee review

Indiana § 20-19-7-4

Title 20EDUCATION

Art. 19STATE ADMINISTRATION OF ELEMENTARY

Ch. 7School Corporation Financial Condition Analysis

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Bluebook

Ind. Code § 20-19-7-4 (2026).

Text

(a)Subject to review by the state budget committee under section 6 of this chapter, the DUAB shall determine the fiscal and qualitative indicators to be used for evaluating the financial condition of each school corporation.

(b)The fiscal indicators under subsection (a) may include the following factors: Annual capital expenses compared to total capital assets Average daily membership (ADM) Common school fund loans Controlled project fund referendum revenue Debt to assessed value and debt to ADM ratios Education fund referendum revenue Federal revenues Fund cash balances by fund and overall Fund deficits and surpluses by fund and overall Fund deficits and surpluses combining the education and operations fund and debt Gross expenditures per ADM Interfund transfers Operating deficit or sur

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(a) Subject to review by the state budget
committee under section 6 of this chapter, the DUAB shall determine
the fiscal and qualitative indicators to be used for evaluating the
financial condition of each school corporation.
(b) The fiscal indicators under subsection (a) may include the
following factors:
Annual capital expenses compared to total capital assets
Average daily membership (ADM)
Common school fund loans
Controlled project fund referendum revenue
Debt to assessed value and debt to ADM ratios
Education fund referendum revenue
Federal revenues
Fund cash balances by fund and overall
Fund deficits and surpluses by fund and overall
Fund deficits and surpluses combining the education and
operations fund and debt
Gross expenditures per ADM
Interfund transfers
Operating deficit or surplus
Outstanding debt and annual debt service obligations
Qualitative indicators as set forth in subsection (c)
Salaries and benefits
Seven (7) year trend lines using state fiscal years
State tuition support
Any other fiscal indicator determined by the DUAB.
(c) The qualitative indicators under subsection (a) may include the
following factors:
Failure to make required contributions or transfers
Issuance of judgment bonds
Missed debt payments
Missed payroll
Past due vendor payments
Any findings related to the financial condition of the school
corporation by the Indiana education employment relations board
Any other qualitative indicator determined by the DUAB.