Kokomo Tribune; Kokomo, Indiana

Local News

April 19, 2013

Tipton misses state deadline to file finance report

Late filing could impact county budget.

Tipton — Tipton is among four Indiana counties that failed to file their Annual Fiscal Report by the deadline.

Missing the state deadline could have an impact on the county’s 2014 budget and property tax rates that fund the operation of county government.

The reports are supposed to be turned over to the Indiana State Board of Accounts by March 1 every year. Joining Tipton County in missing the deadline were Grant, Marion and Martin counties.

“It is a lengthy report for the counties to file,” Tammy White of the State Board of Accounts said. “It is all the data from the different funds including receipts and disbursements, investment balances. It details all the receipts and disbursements from state and federal grants and any financial assistance provided to not-for-profit organizations and debt information.”

White said the per capita information is used by the Indiana Department of Local Government Finance (DLGF).

“Without the information, the DLGF can’t create a budget or tax rates,” White said. “It could impact the 2013-pay-2014 property tax rate.”

Over the past two years, Tipton County had submitted something by the deadline, she said. It’s important for the counties to submit the right information, White said.

By state law, the State Board of Accounts or the DLGF cannot grant an extension for the filing of the report, White said.

But Jenny Banks, communications director for the DLGF, said as far as the impact on the 2014 budget and property tax rates, Tipton County has up to the time the DLGF begins its budget review for 2014 to submit the annual financial report.

Tipton County Auditor Gregg Townsend said Thursday he received an email from the Gateway Support Team requesting the information by April 26.

Gateway is the state’s computerized system for receiving information from the various taxing units.

Townsend said because of a different accounting system required by the state, the data has to be inputed manually instead of through an electronic transfer.

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