Indiana § 20-19-7-4 - Fiscal and qualitative indicators; factors; state budget committee review
Full text of Indiana Indiana Code § 20-19-7-4 — Fiscal and qualitative indicators; factors; state budget committee review, with citation guidance and answers to common questions.
§ 20-19-7-4. Fiscal and qualitative indicators; factors; state budget committee review
Sec. 4. (a) Subject to review by the state budget committee under section 6 of this chapter, the DUAB shall determine the fiscal and qualitative indicators to be used for evaluating the financial condition of each school corporation.
(b) The fiscal indicators under subsection (a) may include the following factors:
Annual capital expenses compared to total capital assets
Average daily membership (ADM)
Common school fund loans
Controlled project fund referendum revenue
Debt to assessed value and debt to ADM ratios
Education fund referendum revenue
Federal revenues
Fund cash balances by fund and overall
Fund deficits and surpluses by fund and overall
Fund deficits and surpluses combining the education and operations fund and debt
Gross expenditures per ADM
Interfund transfers
Operating deficit or surplus
Outstanding debt and annual debt service obligations
Qualitative indicators as set forth in subsection (c)
Salaries and benefits
Seven (7) year trend lines using state fiscal years
State tuition support
Any other fiscal indicator determined by the DUAB.
(c) The qualitative indicators under subsection (a) may include the following factors:
Failure to make required contributions or transfers
Issuance of judgment bonds
Missed debt payments
Missed payroll
Past due vendor payments
Any findings related to the financial condition of the school corporation by the Indiana education employment relations board
Any other qualitative indicator determined by the DUAB.
As added by P.L.213-2018(ss), SEC.15. Amended by P.L.184-2023, SEC.14; P.L.236-2023, SEC.132.
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 20-19-7-4
What does Indiana Code § 20-19-7-4 cover?
Section 20-19-7-4 ("Fiscal and qualitative indicators; factors; state budget committee review") 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 § 20-19-7-4?
A common citation format is "Indiana Code § 20-19-7-4" (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 § 20-19-7-4 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.