HB 1845-1_ Filed 02/24/2005, 10:54 Crawford


Text Box


    PREVAILED      Roll Call No. _______
    FAILED        Ayes _______
    WITHDRAWN        Noes _______
    RULED OUT OF ORDER


[

HOUSE MOTION ____

]

MR. SPEAKER:

    I move that House Bill 1845 be amended to read as follows:

SOURCE: Page 13, line 18; (05)MO184505.13. -->     Page 13, between lines 18 and 19, begin a new paragraph and insert:
SOURCE: IC 4-12-1-9; (05)MO184505.11. -->     "SECTION 11. IC 4-12-1-9 IS AMENDED TO READ AS FOLLOWS [EFFECTIVE JULY 1, 2005]: Sec. 9. (a) The budget agency shall assist the budget committee in the preparation of the budget report and the budget bill, using the recommendations and estimates prepared by the budget agency and the information obtained through investigation and presented at hearings. The budget committee shall consider the data, information, recommendations and estimates before it and, to the extent that there is agreement on items, matters and amounts between the budget agency and a majority of the members of the budget committee, the committee shall organize and assemble a budget report and a budget bill or budget bills. In the event the budget agency and a majority of the members of the budget committee shall differ upon any item, matter, or amount to be included in such report and bills, the recommendation of the budget agency shall be included in the budget bill or bills, and the particular item, matter or amount, and the extent of and reasons for the differences between the budget agency and the budget committee shall be stated fully in the budget report. Before the second Monday of January, in the year immediately after preparation, the budget report and the budget bill or bills shall be submitted to the governor by the budget committee. The governor shall deliver to the house members of the budget committee such bill or bills for introduction into the house of representatives.
     (b) The budget report and budget bill required under subsection

(a) must present a budget that is based on a full accrual basis in accordance with the best practices used by governmental entities and that apply generally accepted accounting principles (as defined in IC 5-11-1-2(a)) to governmental budgets.
    (b) (c) Whenever during the period beginning thirty (30) days prior to a regular session of the general assembly the budget report and budget bill or bills have been completed and printed and are available for distribution, upon the request of a member of the general assembly an informal distribution of one (1) copy of each such document shall be made by the budget committee to such members. During business hours, and as may be otherwise required during sessions of the general assembly, the budget agency shall make available to the members of the general assembly so much as they shall require of its accumulated staff information, analyses and reports concerning the fiscal affairs of the state and the current budget report and budget bill or bills.
    (c) (d) The budget report shall include at least the following five (5) parts;
        (1) A statement of budget policy, including but not limited to recommendations with reference to the fiscal policy of the state for the coming budget period, and describing the important features of the budget.
        (2) A general budget summary setting forth the aggregate figures of the budget to show the total proposed expenditures and the total anticipated income, and the surplus or deficit.
        (3) The detailed data on actual receipts and expenditures for the previous fiscal year or two (2) fiscal years depending upon the length of the budget period for which the budget bill or bills is proposed, the estimated receipts and expenditures for the current year, and for the ensuing budget period, and the anticipated balances at the end of the current fiscal year and the ensuing budget period. Such data shall be supplemented with necessary explanatory schedules and statements, including a statement of any differences between the recommendations of the budget agency and of the budget committee.
        (4) A description of the capital improvement program for the state and an explanation of its relation to the budget.
        (5) The budget bills.
    (d) (e) The budget report shall cover and include all special and dedicated revenue funds as well as the general revenue fund and shall include the estimated amounts of federal aids, for whatever purpose provided, together with estimated expenditures therefrom.
    (e) (f) The budget agency shall furnish the governor with any further information required concerning the budget, and upon request shall attend hearings of committees of the general assembly on the budget bills.

SOURCE: IC 5-11-1-2; (05)MO184505.2. -->     SECTION 2. IC 5-11-1-2 IS AMENDED TO READ AS FOLLOWS [EFFECTIVE JULY 1, 2005]: Sec. 2. (a) For purposes of

this section "generally accepted accounting principles" means the uniform minimum standards of and guidelines to financial accounting and reporting established by the Governmental Accounting Standards Board (GASB).
    (a) (b) The state board of accounts shall formulate, prescribe, and install a system of accounting and reporting in conformity with this chapter, which must comply with the following:
        (1) Be uniform for every public office and every public account of the same class and contain written standards that an entity that is subject to audit must observe.
        (2) Exhibit true accounts and detailed statements of funds money collected, received, obligated, and expended for or on account of the public for any and every purpose whatever, and by all public officers, employees, or other individuals.
        (3) Show the receipt, use, and disposition of all public property and the income, if any, derived from the property.
        (4) Show all sources of public income and the amounts due and received from each source.
        (5) Show all receipts, vouchers, contracts, obligations, and other documents kept, or that may be required to be kept, to prove the validity of every transaction.
         (6) Require that financial reports for:
            (A) the state;
            (B) cities;
            (C) counties;
            (D) public hospitals; and
            (E) towns;
        be in accordance with generally accepted accounting principles.

     (c) The state board of accounts shall formulate or approve all statements and reports necessary for the internal administration of the office to which the statements and reports pertain.      (d) The state board of accounts shall approve all reports that are published or that are required to be filed in the office of state examiner.
     (e) The state board of accounts shall from time to time make and enforce changes in the system and forms of accounting and reporting as necessary to conform to law.
    (b) (f) Notwithstanding subsection (a), (b), the state board of accounts may not require a municipality to use an electronic, automated, or computerized system of accounting and reporting. However, if a municipality elects to use an electronic, automated, or computerized system of accounting, the system must conform to the requirements of this chapter.

SOURCE: IC 6-1.1-17-3; (05)MO184505.3. -->     SECTION 3. IC 6-1.1-17-3 IS AMENDED TO READ AS FOLLOWS [EFFECTIVE JULY 1, 2005]: Sec. 3. (a) The proper officers of a political subdivision shall formulate its estimated budget and its proposed tax rate and tax levy on the form prescribed by the

department of local government finance and approved by the state board of accounts. The estimated budget must be based on a full accrual basis in accordance with the best practices used by governmental entities and that apply generally accepted accounting principles (as defined in IC 5-11-1-2(a)) to governmental budgets. The political subdivision shall give notice by publication to taxpayers of:
        (1) the estimated budget;
        (2) the estimated maximum permissible levy;
        (3) the current and proposed tax levies of each fund; and
        (4) the amounts of excessive levy appeals to be requested.
In the notice, the political subdivision shall also state the time and place at which a public hearing will be held on these items. The notice shall be published twice in accordance with IC 5-3-1 with the first publication at least ten (10) days before the date fixed for the public hearing.
    (b) The board of directors of a solid waste management district established under IC 13-21 or IC 13-9.5-2 (before its repeal) may conduct the public hearing required under subsection (a):
        (1) in any county of the solid waste management district; and
        (2) in accordance with the annual notice of meetings published under IC 13-21-5-2.
    (c) The trustee of each township in the county shall estimate the amount necessary to meet the cost of poor relief township assistance in the township for the ensuing calendar year. The township board shall adopt with the township budget a tax rate sufficient to meet the estimated cost of poor relief. township assistance. The taxes collected as a result of the tax rate adopted under this subsection are credited to the township poor relief assistance fund.".
    Renumber all SECTIONS consecutively.
    (Reference is to HB 1845 as printed February 22, 2005.)

________________________________________

Representative Crawford


MO184505/DI 14     2005