(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)
(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
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
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;
(D) public hospitals; and
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.
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
(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.)