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July 2006 VOL. 2, ISSUE 7NETWORKSFINANCIALINSTITUTE.ORGRESEARCHBUZZA New Plan for Growing Indiana's Income BY DR. JOHN A. ATOM john.tatom@isunetworks.orghaps an ambitious objective. In 2005 Indiana
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Indiana LAGS (Local Annual Government Statement) is a reporting requirement for local government units in Indiana to disclose their financial activities and position.
Local government units, such as municipalities, counties, and special districts in Indiana, are required to file the Indiana LAGS.
To fill out the Indiana LAGS, local government units must gather their financial data, complete the standardized forms provided by the state, and ensure accuracy before submission.
The purpose of Indiana LAGS is to promote transparency and accountability in local government finances by requiring regular reporting of financial status and activities.
Information reported on Indiana LAGS includes revenue sources, expenditures, assets, liabilities, and any other relevant financial data related to the local government unit.
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