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Internal Control Standards for Hoosier Schools

By Belvia B. Gray, CIPMA, Principal, August 11, 2016
Latest News

Indiana public schools must adopt minimum internal control standards as defined by the Indiana State Board of Accounts, create a standards manual and certify staff training by August 29, 2017. The deadline for other political subdivisions is earlier: March 1, 2017. Internal control standards are compliance standards for all Indiana public schools according to Indiana Code 5-11-1-27(e).

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Convention Season in Indiana is Underway!

By Umbaugh Announcements, August 11, 2016
Latest News

Umbaugh is gearing up to attend a wide variety of conferences from Angola and Fort Wayne to French Lick and Scottsburg. Supporting the associations that assist our clients is a key part of our mission at Umbaugh. These conferences represent the depth and breadth of our experience.

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New MSRB Rule G-42

By Brian C. Colton, Partner, July 28, 2016
Latest News

Since Umbaugh began over 65 years ago we have provided municipal advisory services based on the strict standards of a CPA firm together with our own internal ethical standards and values for engagement performance. Now with Municipal Securities Rulemaking Board Rule G-42, which went into effect June 23, standards of conduct, duties and regulations have been established for all municipal advisors nationwide.

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When a Bond Rating Agency Calls - Part 2

By Susan Borries Reed, Director of Disclosure Strategy and Services, July 28, 2016
Latest News

In part one, we revealed why rating agencies such as S&P Global, Moody’s Investors Service or Fitch conduct surveillance on bonds and issuers. In Part 2, I’ll outline the kind of information you might need for their review.

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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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