May 20, 2022

Reallocate Rate Cap Credits

Written by: Curtis L. Coonrod, CPA, and Benjamin W. Roeger, CPA [Written: 10/19/21, Revised: 5/20/22] Property tax draws for most cities, towns, townships, and counties are reduced by rate cap credits. Rate cap credits are usually allocated in proportion to the size of each fund that has a property tax levy, except for debt service funds. However, the city or other local unit can change that allocation.  For example, suppose the Assistance Fund has $10,000 of rate cap credits and needs more money. The local government can reduce all or some of the Assistance Fund rate cap credits – up to the full $10,000 and increase the rate cap credits by a like amount in other funds.  The result?  Up […]
May 6, 2022

2022 City Tax Rates per Civil City

February 22, 2022

GFOA Awards Recognize Finance Officers for Their Contributions

Written by: Curtis Coonrod [Revised: 1/27/22] In December 2021, the Government Finance Officers Association (GFOA) announced the winners of its 2021 Awards for Excellence in Government Finance. Being one of GFOA’s most prestigious awards, this award recognizes the contributions and practices that illustrate excellence in financial management. This recognition is based on documented work that demonstrates leadership in the profession and improves public finance. The Awards for Excellence is just one of various awards that financial officers can receive from the GFOA.  Since its inception in 1906, GFOA has represented and advocated for public finance officials in the US and Canada. A 20,000-member association, GFOA is comprised of federal, state, provincial, and local finance officials who plan, finance, and implement […]
January 21, 2022

Supplemental Medicaid Reimbursement

Written By: Stephanie Lilly, Lynsey Johnson, and Curtis Coonrod In addition to billing Medicaid for ambulance services, most local governments can apply annually for supplemental payment. States make Medicaid payments to hospitals and ambulance providers. One of the two ways payments are made via base payments for services and supplemental payments, which are made in a lump sum for a fixed period of time. In 2019, Indiana received federal approval to provide a supplemental payment adjustment to in‐state government‐owned ambulance providers. The payment adjustment is intended to reimburse the actual incurred costs of providing ambulance services to eligible Medicaid beneficiaries.                             An extensive amount of research and calculation is necessary for each reimbursement request. The complete packet of information […]
August 6, 2021

Property Tax Shortfalls are Common. Here’s how to Recover the Revenue.

Written by: Curtis Coonrod [Revised: 8/2021] A common occurrence amongst cities, towns, counties, and townships is that they often do not receive the full amount of property tax revenue that was approved in their respective original budgets. This issue can often be resolved, but it requires action on the part of local officials. A comparison between the amount of property tax revenue received and the amount expected in the original budget will typically reveal a discrepancy.  And while there exists a great deal of variance between the amounts associated with such shortfalls, it nevertheless remains prudent to compare how much is actually received to the budget. Unfortunately, a portion of this discrepancy may be due to circuit breaker credits or […]