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When a Bond Rating Agency Calls - Part 1

By Susan Borries Reed, Director of Disclosure Strategy and Services, July 14, 2016
Latest News

In the bond world, rating agencies conduct surveillance annually on the bonds that they previously rated. In this article I’ll examine what you need to do and why it’s important to respond promptly and accurately when a bond rating service contacts you. In the next edition, I’ll outline the kind of information you might need for their review.

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Umbaugh Competitive Bond Sale Calendar Now Available

By Umbaugh Announcements, July 14, 2016
Latest News

Several weeks ago, we unveiled our competitive bond sale calendar. It is updated every Friday and is available online at www.umbaugh.com.

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Don’t Panic Over Brexit

By Tim Sutton, Director of Bond Pricing, July 14, 2016
Latest News

Don’t panic is our message as we follow the effects of the UK’s referendum on leaving the European Union or as it’s called, Brexit for “British-exit.”

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Hedden a Presenter at GFOA

By Umbaugh Announcements, June 21, 2016
Latest News

Umbaugh partner Dan Hedden, CPA, was honored to be selected to present at the recently completed Government Finance Officers Association Conference in Toronto, Canada.

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Do You Have a Financial Roadmap to the Future?  Short Term Budgeting Isn’t Sufficient

By Paige E. Sansone, CPA, Partner, June 21, 2016

Large and small communities across Indiana face fiscal challenges due to rising costs, declining revenues, lack of economic growth and property tax losses caused by circuit breaker tax credits. These factors should force you to change the way your community budgets.

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INDOT Local Road and Bridge Matching Grants For Up to $1 Million Now Available

By Paige E. Sansone, CPA, Partner, June 15, 2016
Latest News

A new Ind. Dept. of Transportation grant opportunity for counties and municipalities that have an INDOT-approved transportation asset management plan offers a 50% match up to $1 million. There is no minimum request limitation.

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Changes in Ag AV Could Affect all Taxing Units and Taxpayers

By Belvia B. Gray, Principal, June 15, 2016
Latest News

An April notification from the Indiana Department of Local Government Finance impacts how taxing units and taxpayers will view agricultural property assessed valuation. Recent legislative changes have changed how the base rate will be calculated, which will affect the distribution of property tax liability.

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Distribution System Improvement Charge Filing Could Delay A Full Rate Case

By Doug L. Baldessari, CPA, Partner, June 09, 2016
Latest News

The need to replace your community’s utility infrastructure is on the minds of customers, tax payers, regulators and legislators. It has become painfully obvious utilities must plan for millions of dollars of replacements and improvements in the near future. Many of these improvements will require funding through increased utility rates.

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New Legislation Could Affect Your Maximum Levy

By Paige E. Sansone, CPA, Partner, May 26, 2016
Latest News

Beginning in 2017 the Cumulative Capital Development fund will be outside the maximum levy limit. You’re probably thinking, “Hasn’t that fund always been outside the levy limits?” The answer is no--not exactly.

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SEA 67 Follow-up

By Umbaugh Announcements, May 12, 2016
Latest News

We would like to update you regarding SEA 67 and Local Option Income Tax (LOIT), a special distribution fund. The article, in our previous newsletter, stated the county’s share of the distribution for restricted uses was to be deposited in fund 1228. The new fund number is 1229 and identified as LOIT Special distribution.

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