Indiana § 16-23-1-26 - Estimate and budget
Full text of Indiana Indiana Code § 16-23-1-26 — Estimate and budget, with citation guidance and answers to common questions.
§ 16-23-1-26. Estimate and budget
Sec. 26. (a) Before August 2 of each year, the governing board shall do the following:
(1) Analyze, estimate, compute, and consider the following for the current year and the next year for which the budget is being prepared:
(A) The income from patients, trust funds, gifts, donations, and all other sources during the current year and receipts that the board may reasonably anticipate.
(B) The expenditures already made and that may reasonably be anticipated for the hospital, including the following:
(i) The price trends in food, supplies, equipment, and other items of personal property required in the hospital.
(ii) The present and prospective number of patients using the hospital during the period for which the estimates are made.
(iii) Other facts, conditions, and circumstances that may probably affect the income or expenses of the hospital during the period.
(2) Determine whether there will be a deficiency in the funds necessary to maintain, equip, and operate the hospital in the next calendar year.
(b) The estimate and budget must be:
(1) in writing;
(2) signed in triplicate by at least a majority of the board; and
(3) certified by the secretary of the board.
(c) Before August 2 of each year, one (1) copy of the estimate and budget shall be filed in the office of the auditor of the county and one (1) copy shall be filed in the office of the clerk-treasurer of the city. The third copy must remain on file with the secretary of the board.
[Pre-1993 Recodification Citation: 16-12.2-5-17(a), (b).]
As added by P.L.2-1993, SEC.6.
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 16-23-1-26
What does Indiana Code § 16-23-1-26 cover?
Section 16-23-1-26 ("Estimate and budget") is part of the Indiana Code, the codified statutory law of Indiana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Indiana § 16-23-1-26?
A common citation format is "Indiana Code § 16-23-1-26" (Indiana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Indiana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Indiana official source linked on this page or consult a licensed Indiana attorney.
How does Indiana § 16-23-1-26 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Indiana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Indiana.