Indiana § 20-42.5-3-7 Chart of accounts requirements

Indiana Statutes

§ 20-42.5-3-7 — Chart of accounts requirements

Indiana § 20-42.5-3-7

Title 20EDUCATION

Art. 42.5ALLOCATION OF EXPENDITURES TO

Ch. 3State Board Action

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Bluebook

Ind. Code § 20-42.5-3-7 (2026).

Text

(a)The chart of accounts used by school corporations must:

(1)coincide with the categories of expenditures described in section 5(a)(4)(A) of this chapter; and

(2)provide the ability to determine expenditures made at and for each individual school building of a school corporation. Each school corporation shall on January 1, 2019, begin using the chart of accounts developed under this section.

(b)The state board of accounts may, in consultation with the department and the office of management and budget, modify the chart of accounts as necessary to make the chart of accounts coincide with the categories of expenditures described in section 5(a)(4)(A) of this chapter.

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(a) The chart of accounts used by school
corporations must:
(1) coincide with the categories of expenditures described in
section 5(a)(4)(A) of this chapter; and
(2) provide the ability to determine expenditures made at and for
each individual school building of a school corporation.
Each school corporation shall on January 1, 2019, begin using the chart
of accounts developed under this section.
(b) The state board of accounts may, in consultation with the
department and the office of management and budget, modify the chart
of accounts as necessary to make the chart of accounts coincide with
the categories of expenditures described in section 5(a)(4)(A) of this
chapter.