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Latest News

Is the Fed Ready to Increase Interest Rates?

By Jeffrey A. Messer, Director of Umbaugh Cash Advisory Services, LLC, February 17, 2015

The latest employment data is not only robust, but for once, there is a positive trend building in the labor markets. People who had previously given up looking for work came back into the work force in January. Could this be the data the Fed needs to begin normalizing short-term interest rates?

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What Your Library Should Consider Before Issuing Bonds

By Belvia B. Gray, CIPMA, Principal, February 17, 2015
Latest News

To state the obvious, public libraries are public buildings. They get a lot of wear and tear as people use the facility day in and day out – which is a positive sign your library is a valuable resource for your community. Similarly, libraries need to update technology and replace roofs and mechanical systems as your building (or buildings) age. Somewhere in your long-range plan, you probably have included facility improvements, and that takes money.

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Will Annexation Laws Change?

By Deen C. Rogers, CPA, Principal, February 10, 2015
Latest News

The Interim Study Committee on Government finalized its recommendations in October for how Indiana should deal with annexations. These recommendations have found their way into bills during the 2015 legislative session.

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Annual Financial Reporting Requirements

By Paige E. Sansone, CPA, Principal, February 04, 2015
Latest News

Although we have started a new year, the past is not completely behind us. Each taxing unit in the state is required to report on the past year’s financial activity by completing the Annual Financial Report. This report must be filed through Gateway by March 1, 2015. The deadline to publish the report is March 1 for all taxing units except townships. (Townships are required to publish by March 17.) Please remember to print, complete and sign the Attestation Form and mail it to the State Board of Accounts within five days of submitting the report through Gateway.

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Doug Baldessari Becomes IWEA Officer

By Umbaugh Announcements, February 04, 2015
Latest News

We congratulate Umbaugh Partner Doug Baldessari, CPA for being elected secretary-treasurer of the Indiana Water Environment Association (IWEA) for 2015.

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Promotions to Principal

By Umbaugh Announcements, January 21, 2015
Latest News

Umbaugh is proud to announce the following individuals have been promoted to principal effective January 1, 2015.

All principals were selected for promotion based upon their commitment to Umbaugh's core values of Excellence, Innovation, Independence, Integrity and Collaboration.

Please join us in congratulating Matt Eckerle, Belvia Gray and Eric Walsh on their promotions.

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Other Post-Employment Benefits (OPEB) Filing Due March 2

By Daniel A. Hedden, CPA, Partner, January 16, 2015
Latest News

By March 2, 2015, political subdivisions must report their Other Post-Employment Benefits (OPEB) to the Department of Local Government Finance (DLGF) through the Gateway electronic system. You are required to report OPEB liability, unfunded OPEB liability, assets, contributions and expenses for the preceding year.

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Jason Semler Becomes an Umbaugh Partner

By Umbaugh Announcements, January 14, 2015
Latest News

Please join us in congratulating Jason Semler, CPA, who was elected a partner at Umbaugh effective January 1, 2015.

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Upcoming Deadlines

By Paige E. Sansone, CPA, Principal, January 08, 2015
Latest News

As the New Year begins, it is time to focus on wrapping up the previous year. At the close of December, all records must be posted and reconciled with bank statements as promptly as possible. Utilities and other departments maintaining separate records must also be reconciled. Below are upcoming deadlines prescribed by the State Board of Accounts for the first few months of the year. Please note that this is not a comprehensive list; you should check the State Board of Accounts Accounting and Compliance Guidelines Manuals for more information at http://www.in.gov/sboa/#.

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Form 100R due January 31, 2015

By Paige E. Sansone, CPA, Principal, January 08, 2015
Latest News

Each year local government entities are required to submit a Certified Report of Names, Addresses, Duties and Compensation of Public Employees also known as a Form 100R. All people employed in 2014 must be reported including Elected Officials, Board Members, and part-time, temporary and seasonal employees. If a W2 was issued, that person should be reported on the 100R.

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