TO:                         IASBO Members
FROM:                  Denny Costerison

OCTOBER INTERCOM
The October edition of the IASBO InterCom can now be found on the IASBO website.  This edition contains the following information: IASBO President Ted Zembala’s article; the IASBO 2017-18 Professional Development Calendar; information on the November 9 Human Resources Seminar; ISBA General Counsel Lisa Tanselle’s article on Regulating Patron Access to School Corporation Property; information on the November 13-14 Certification Program Courses; the notice to pre-order the 2017-18 Indiana School Laws & Rules Book; information regarding the November 28 Federal Funds Compliance Seminar; a list of New IASBO Members; the list of IASBO Sponsors and Business Associate Members.  Ted will be sharing information in his articles by providing a link to a shared folder.  Please feel free to contact Ted if you have any questions on this information.

The October InterCom can be found at the following link: http://www.indiana-asbo.org/wp-content/uploads/2017/11/OCT-2017-InterCom-WEB.pdf

HEA 1009 – EXPENDITURE ACCOUNTS BY CATEGORY
HEA 1009 of the past legislative session creates a new Education Fund and Operation Fund.  The bill calls for the expenditure accounts for each new fund be categorized by IC 20-42.5.  Current statute lists the categories as:

1 – Student academic achievement expenditures

2 – Student instructional support expenditures

3 – Overhead and operational expenditures

4 – Nonoperational expenditures

HEA 1009 states that categories 1 and 2 are the exclusive expenditure accounts for the Education Fund.  Categories 3 and 4 will be included in the Operation Fund along with the maximum levies for the current Capital Projects Fund, Transportation Fund and School Bus Replacement Fund.

IASBO has had several questions regarding which account will go to the new funds.  The listing of the categorical expenditure accounts can now be found on the IASBO website (Resources, then Miscellaneous) and at the following link: http://www.indiana-asbo.org/wp-content/uploads/2017/11/HEA1009-Expenditure-Accounts-by-Category.pdf

 

IASBO Platinum Sponsors – PERFORMANCE SERVICES; AMERICAN FIDELITY; DEEEM; ICE MILLER; PUBLIC TRUST ADVISORS