Indianapolis-Marion County Revised Code § 181-201 Financial reporting system established; to be submitted monthly; contents.
Sec. 181-201. - Financial reporting system established; to be submitted monthly; contents.
(a) To better monitor and manage the budgetary responsibilities of the council, there is hereby established a financial reporting system for revenue receipts and projections, for expenditures and encumbrances, and for appropriation balances.
(b) The controller is to submit monthly a report of revenue and revenue projections and expenditures and encumbrances by budget category to the city-county council.
(c) Such report shall be submitted within ten (10) days of the end of each calendar month to the clerk of the council, and shall include:
(1) A statement in detail of all revenue received during the month with totals for the calendar year.
(2) An analysis of revenue to date compared to current year estimates.
(3) The month end balances of all budget accounts including expenditures and encumbrances for the month and for the year to date.
(4) A revised estimate of income for the current year and by August first of each year a detailed estimate of revenue for the next calendar year.
(Code 1975, § 2-360; G.O. 73, 2005, § 8)