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Do You Have a Financial Roadmap to the Future?

By Paige E. Sansone, CPA, Principal, March 17, 2015
Latest News

The start of a new year is a good time to develop a plan for the future. Many communities across Indiana, large and small, face fiscal challenges due to rising costs, declining revenues, lack of economic growth, and property tax losses due to the tax caps. All of these factors are changing the way we budget. Taking a short-term approach to budgeting is no longer sufficient. Extend your planning horizons beyond one year and develop long-term cash flow projections to identify potential budget deficits and cash flow shortages before they occur.

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Statewide Look-The Real Numbers Behind Changes In Local Government Finance

By Gerald G. Malone, CPA, Partner, March 17, 2015
Latest News

Part 3 in a series – How we got here

To understand how we arrived at the transition from 80% of Indiana local governments’ budgets funded by property taxes in 2007 to the current level of 39%, you have to understand how we got here.

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TIF Flexibility Can Benefit Schools and Other Taxing Units

By Loren M. Matthes, Principal, March 03, 2015
Latest News

Tax increment financing (TIF) can have a broad impact that goes beyond the geographic area or businesses it is designed to serve. TIF is one of the few funding methods available to local governments to finance the incentives and infrastructure necessary to compete for economic development. Indiana law allows TIF to be used in a variety of ways to encourage economic development.

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Need Ideas to Bridge Funding Gaps?

By Paige E. Sansone, CPA, Principal, March 03, 2015
Latest News

As you start the year with a new budget, you are probably like many other taxing units in the State. Resources are not enough to cover increasing costs and bridging funding gaps is becoming more and more difficult. We have a few ideas for your consideration.

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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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