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2016 Legislative Summary – Utilities

By Scott A. Miller, CPA, Partner, April 27, 2016
Latest News

2016 Legislative Summary – Utilities

Earlier this spring, the Indiana Legislature completed its work related to the 2016 General Session. Several of the proposed bills that found their way to the Governor’s desk and were signed into law impact utilities. Four of those newly enrolled acts are summarized below.

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New Legislation Affects Critical Dates on Your Calendars

By Paige E. Sansone, CPA, Partner, April 14, 2016
Latest News

You need to re-synch your calendars because Senate Enrolled Act (SEA) 321 enacted in the 2016 legislative session changes numerous local government budgeting and scheduling points. Put these new deadline changes on your calendar. Some changes are effective in future years, while others affect 2017 budgets. Please call us if you have questions.

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Umbaugh Top 10 in National Rankings

By Umbaugh Announcements, April 04, 2016
Latest News

Umbaugh says “Thank you!” to our many clients. We are proud to be ranked in the top 10 of all municipal advisors in the U.S. by the Thomson Reuters reporting company. For 2015, Umbaugh ranked sixth in the nation based on the total number of bond issues (up from 11th in 2014) and fourth in the nation for the number of “small” municipal bonds. (Thomson Reuters considers a small bond an issue of $10 million or less).

Umbaugh served as municipal financial advisor to 201 Midwest bond issues in 2015 ranging from $300,000 to over $150 million and totaling over $1.7 billion. (These statistics do not include the many State Revolving Fund (SRF) and Rural Development (RD) financings on which Umbaugh worked last year).

As the municipal marketplace becomes more complex, and as the municipal advisor regulatory requirements bring a greater level of scrutiny, it is important for issuers to work with advisors who have a depth of experience. As our tag line says, “It’s all about Experience”.

But as we grow to meet the diverse needs of our clients, we remain true to our roots. Nothing pleases us more than driving through the communities we serve to see the results of our work and to improve the quality of life. It’s our mission!

Thank you again for trusting us to be of assistance on such important work throughout your communities. We appreciate the opportunity to be of service.

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Cumulative Funds

By Paige E. Sansone, CPA, Partner, March 24, 2016
Latest News

Is it time to establish or re-establish the rate on your cumulative fund? The main reasons to do so include: accumulating funds for future capital expenditures, eliminating or reducing the need to borrow (and the interest costs that go with it) and, in some cases, alleviating burdens on operating funds.

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Seever Elected to Chair of the Indiana Section AWWA

By Umbaugh Announcements, March 09, 2016
Latest News

Umbaugh Partner John Seever has been elected chair of the Indiana Section American Water Works Association (“AWWA”). The Indiana Section has more than 1,200 members representing 380 drinking water providers and 340 independent engineers, consultants, water industry suppliers and vendors. AWWA is the oldest and largest resource for promoting safe drinking water.

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Funding Options for Road Improvements

By Eric Walsh, CPA, Principal, March 09, 2016
Latest News

As winter comes to an end, Midwesterners start dreaming of green grass and warm spring days. We create fantasies of road trips around the state with the family; or longer journeys to spring-break destinations.

Unfortunately, hitting a bottomless pothole during our daily commute often jars one from these daydreams. The spine shattering reality isn’t just a Hoosier problem as the U.S. infrastructure problem has been well documented with estimates of needed investment in the trillions of dollars.

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Promotions to Principal

By Umbaugh Announcements, February 24, 2016
Latest News

These 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 Christina Cromer and Christina De Witt in their promotion to principal.

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PAIGE SANSONE BECOMES PARTNER

By Umbaugh Announcements, February 18, 2016
Latest News

We are proud to announce Paige Sansone became a partner at Umbaugh on January 1st.

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Umbaugh 2016 Comparative Water and Sewer Utility Rate Studies

By Doug L. Baldessari, CPA, Partner, February 04, 2016
Latest News

Indiana public officials and citizens can now examine and compare water and sewer utility rates using the latest Umbaugh Comparative Water and Sewer Rate studies. The studies, which include over 350 communities, are one of the most comprehensive studies available in the state.

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Federal Reserve Update – Normalization Process Has Begun

By Jeffrey A. Messer, Director of Umbaugh Cash Advisory Services, LLC, January 21, 2016
Latest News

The Federal Reserve finally decided at its December 2015 meeting to raise the target range for the federal funds interest rate to .25% - .50%. Thus ends seven years of short-term interest rates near zero.

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