INDIANAPOLIS (AP) – The State Board of Accounts no longer is auditing the financial records of Indiana libraries, conservancy districts, some public school accounts, and small towns and townships.
State Examiner Paul Joyce says the agency doesn't have enough money or staff to perform those audits. He told The Herald Bulletin for a story Sunday the agency will concentrate on local governments with bonding authority or federal grants worth at least $500,000.
Joyce said he wants the upcoming General Assembly to increase the cost of state audits from $45 per day to $45 per hour. He says private certified public accounting firms typically charge $100 to $125 per hour for similar work.
Despite the higher costs, Indiana Association of Cities and Towns Executive Director Matthew Greller says his group supports the change.