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2015 NEO Mayors Schools
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2015 NEO Mayors Schools
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Budgeting <br />•Indiana Department of Local Government Finance (DLGF) sets policy on budgeting for local units in Indiana and determines final property tax rates through its “1782” budget review process. <br />•Appropriation –authorization to spend money granted by the fiscal body of the local unit (city counc <br />il) and Mayor. For certain funds, approval from the DLGF is also required (i.e. property tax funds, MVH Fund, LRSA Fund, Rainy Day Fund). <br />•The deadline for adoption of the annual budget, property tax rates and property tax levies is November 1st <br />of the preceding year.•The budgets for local units must be entered into the State’s Gateway budgeting program ( <br />https://gateway.ifionline.org <br />) <br />•Additional appropriations are permi <br />tted during the year if approved by the fiscal body, Mayor and DLGF (if required). <br />6
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