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AIR INDIANA ADVISORY COMMISSION ON INTERGOVERNMENTAL RELATIONSINTERGOVERNMENTAL ISSUES IN INDIANA: 2017 IA CIR SURVEYINDIANA ADVISORY COMMISSION ON INTERGOVERNMENTAL RELATIONS REPRESENTING THE INDIANA
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Fiscal benchmarking for Indiana is a process that allows government entities to compare their financial performance and fiscal health against established standards and best practices within the state. It provides key performance indicators that help inform budgeting and financial decision-making.
Municipalities, counties, and other local government units in Indiana are typically required to file fiscal benchmarking reports. This includes any government entity that requires financial reporting for transparency and accountability purposes.
To fill out fiscal benchmarking for Indiana, government entities must gather necessary financial data and input it into the designated reporting format provided by the state. This may include information about revenues, expenditures, debts, and other financial metrics. Training and guidelines are usually provided by the state.
The purpose of fiscal benchmarking for Indiana is to promote financial transparency and accountability among government entities, encourage efficient use of resources, identify areas for improvement, and facilitate better financial planning and management.
Entities must report information such as total revenues, total expenditures, fund balances, debt levels, and any other relevant financial metrics as specified in the guidelines provided by the state.
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