Note: This version of section effective until 1-1-2019. See also following repeal of this section, effective 1-1-2019.

1. (1) The cash balance of a school corporation.
2. (2) The debt to revenue ratio of a school corporation.
3. (3) The condition of a school corporation's property tax base as measured by both the assessed value of the school corporation and the amount of per capita revenue generated from the school corporation's tax base.
4. (4) The per capita amount of a school corporation's general fund operating revenue.
5. (5) Any trends in the amount of a school corporation's tax revenue.
6. (6) Whether a school corporation maintains a structural deficit or a structural surplus.
7. (7) The extent that the school corporation is affected by tax increment financing districts.
8. (8) The extent that the school corporation's property tax base is affected by exempt properties.
9. (9) The school corporation's bond rating.
10. (10) The amount of retiree benefits paid by the school corporation.
11. (11) The amount of pension contributions paid on behalf of the school corporation's employees.
12. (12) Any other factor that the department of local government finance considers relevant to evaluating the fiscal health of a school corporation.

13. (b) The department of local government finance shall use the indicators developed under subsection (a) and the associated fiscal data to present the information for evaluating the fiscal health of each school corporation on the Indiana transparency Internet web site. The information must be presented in a manner that:

    1. (1) can be conveniently and easily accessed from a single web page; and

    2. (2) is commonly known as an Internet dashboard.

       The information must be available on the Indiana transparency Internet web site in the format required by this subsection before July 1, 2015.

14. (c) Neither the department of local government finance nor any other state agency may use the fiscal health indicators developed under this section to assign a school corporation a summative grade.

Sec. 16. (a) The department of local government finance shall develop indicators of fiscal health for evaluating the fiscal health of a school corporation. The department of local government finance may consider including any of the following in the indicators developed under this subsection:

As added by P.L.84-2014, SEC.4.