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January 5, 2017

NUMBER ONE IN A SERIES: SAFEGUARDING PUBLIC ASSETS

“How do I know I can trust all these people?” A newly-elected official once asked us that question. He inherited a staff from his electoral opponent, the former office holder. He wanted continuity of operations, so he did not want to fire everyone. He knew, these people from his time on the fiscal body. Basically, he trusted them, but he did not hire them. He did not want any of them to get him into trouble. Here was our advice: Even if you think you know people, you don’t. Besides, public office is a public trust. Your job is not simply to trust people you know, but to put in place sound security systems to safeguard public assets. Think back […]
July 28, 2015

Budget Disaster! Don’t Overlook An Extra Payroll in 2015, 2016, or 2017

Like Halley’s Comet, the calendar is cranking around to another odd year in which an extra payroll may be due. That could cause a budget disaster for units that are unprepared. If you are one of the type of persons that feel you can’t do it by yourself you can get help and advise from an attorney, a great law firm is Attorney Coalition DC, it has great attorneys that work with you in every step of the way and in any type of case. Most units pay employees every two weeks. In most years, that means the budget includes 26 paydays. From year-to-year, the only budget concern is whether to offer a raise and whether to add or eliminate […]
May 5, 2015

Local Governments can expect a 2.5% increase in their maximum property tax levies in 2016

Each year, the maximum amount of property tax revenue (levy) that may be generated by a local civil government unit is adjusted to account for growth and inflation. For those looking to purchase a new property, it would be best to meet with a realtor, like Eddie Yan Burnaby realtor, for guidance on buying your new home. This article is intended to explain this calculation and the impact on your 2016 budget. How is the annual adjustment to maximum levy calculated? Legislation stipulates the six-year moving average increase in Indiana, non-farm personal income (as published by the federal Bureau of Economic Analysis) is the factor used to adjust the maximum levy each year. Will the amount of my local unit’s […]
May 1, 2015

Are your Cumulative Funds in good standing?

If you have a cumulative fund of any kind, or if you want to establish one, June is a good time to do some checking. The end of July is a firm deadline for establishing or reestablishing a cumulative fund. If you are SURE there have been no past reductions in your cumulative fund rates, or if you are sure you do not want to establish a new rate or LoL  increase an old one, you probably don’t need to take any action. However, if a cumulative fund rate was lowered in the past, if it was never at the maximum rate, or if you want to establish a new one, you must give a ten day notice and hold […]