Articles

Lawmakers move to monitor State Board of Accounts

A subcommittee of the Indiana Legislative Council met this week to determine the goals and best practices of a new Audit Committee, which is meant to operate as a type of peer-review system for the State Board of Accounts.

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City controller floats idea to change retirement plans

If the plan is carried out, new city employees wouldn’t be eligible for pensions through the Indiana Public Retirement System. Instead, they would have a defined-contribution plan similar to the 401(k) plans offered by private-sector employers.

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Chances of getting audited by IRS lowest in years

Budget cuts and new responsibilities are straining the Internal Revenue Service's ability to police tax returns. This year, the IRS will have fewer agents auditing returns than at any time since at least the 1980s.

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IPS terminates CFO after disagreement over budget

Indianapolis Public Schools has fired its chief financial officer for “unsatisfactory work performance” one week after Superintendent Lewis Ferebee publicly disagreed with a financial assessment that said the district had a $30 million budget deficit.

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Trustee takes over Deca Financial Services

Fishers-based bill-collection firm Deca Financial Services LLC missed a March 17 deadline to come up with more than $11 million to avoid involuntary Chapter 11 reorganization sought by its creditors.

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