This document outlines the 2010 budget timeline and review process for Allen County, Indiana. It provides the key dates that civil taxing units must follow to submit their proposed budgets and tax levies to the county council for non-binding review. These include deadlines in September for submitting budgets, and in October for the council to issue recommendations. The document also describes the budget submission process for different types of taxing units and the requirements for the county council's budget review.
2010 to 2014 Council Orientation Finance Treasury 20101119Jeffrey Brydges
This document provides an overview of the Clearview Finance (Treasury) Department for 2010-2014. It summarizes the staff roles and responsibilities including financial reporting, budgeting, taxation, user fees, and other areas. It also outlines sources of revenue such as property taxes, user fees, development charges, and grants. Debt levels and infrastructure projects are presented. Reserves, reserve funds, and the long term financial plan process are also summarized.
Bexar Appraisal District Reappraisal Plan poconnor
The document outlines the Bexar Appraisal District's reappraisal plan for 2015 and 2016. It details the requirements and activities involved in the mass appraisal process including annual analysis of appraisal accuracy, available resources, data collection, valuation methods, and noticing and hearing processes. The goal is to appraise all property at market value annually and achieve accuracy and uniformity in appraisals. Key events are scheduled through detailed calendars in the appendices.
The City of Corona's proposed budget for fiscal year 2015-16 totals $309.5 million. Key aspects include:
- General Fund revenues are projected at $126.1 million, with property and sales taxes as the largest sources. Expenditures are projected at $126.1 million, with public safety making up over half.
- The DWP budget totals $120.7 million, with personnel and debt service as largest expenditure types. Capital projects spending is decreased from the prior year.
- Capital improvement projects spending across all funds is $36.2 million, with water and wastewater reclamation making up nearly half.
Tax Increment Financing (TIF) allows a portion of new property taxes generated by development in a designated district to be used to fund public infrastructure improvements in that district. A TIF district and plan must be established by a city council, with input from an advisory board. TIF revenues can be used to acquire land, improve transportation, extend utilities, and construct parking or other traffic improvements. TIF funds can pay bonds issued for improvements or be saved until enough revenue is available to fund projects. As new development increases property values in a TIF district, the additional tax revenue above the original base value is dedicated to improving infrastructure to support further growth.
The Tax Cuts and Jobs Act is a reality. Find out what that means to you in this informative presentation. Presented by Brian Kempf, Christopher Axene, Cindy Kula and Inez Bowie, this presentation focuses on the various business related provisions, individual provisions, international concerns and implications to estates and trusts.
Listen to the explaination behind the slides. Watch the full recording of this free webinar here --> https://register.gotowebinar.com/register/7354592984523668995
May 26, 2016 City of Corona Budget Workshop PresentationCity of Corona
The document provides an overview of the City of Corona's proposed budget for fiscal year 2016-17. Key points include:
- The budget focuses on accountability, transparency, sustainability, communication, monitoring, preparation, and feedback.
- Personnel costs are budgeted to increase 4.23% and non-personnel costs 4.12% compared to the prior year forecast.
- The general fund budget is balanced with a small projected surplus of $12,000.
- The budget includes $50.8 million in new capital improvement project funding.
2010 to 2014 Council Orientation Finance Treasury 20101119Jeffrey Brydges
This document provides an overview of the Clearview Finance (Treasury) Department for 2010-2014. It summarizes the staff roles and responsibilities including financial reporting, budgeting, taxation, user fees, and other areas. It also outlines sources of revenue such as property taxes, user fees, development charges, and grants. Debt levels and infrastructure projects are presented. Reserves, reserve funds, and the long term financial plan process are also summarized.
Bexar Appraisal District Reappraisal Plan poconnor
The document outlines the Bexar Appraisal District's reappraisal plan for 2015 and 2016. It details the requirements and activities involved in the mass appraisal process including annual analysis of appraisal accuracy, available resources, data collection, valuation methods, and noticing and hearing processes. The goal is to appraise all property at market value annually and achieve accuracy and uniformity in appraisals. Key events are scheduled through detailed calendars in the appendices.
The City of Corona's proposed budget for fiscal year 2015-16 totals $309.5 million. Key aspects include:
- General Fund revenues are projected at $126.1 million, with property and sales taxes as the largest sources. Expenditures are projected at $126.1 million, with public safety making up over half.
- The DWP budget totals $120.7 million, with personnel and debt service as largest expenditure types. Capital projects spending is decreased from the prior year.
- Capital improvement projects spending across all funds is $36.2 million, with water and wastewater reclamation making up nearly half.
Tax Increment Financing (TIF) allows a portion of new property taxes generated by development in a designated district to be used to fund public infrastructure improvements in that district. A TIF district and plan must be established by a city council, with input from an advisory board. TIF revenues can be used to acquire land, improve transportation, extend utilities, and construct parking or other traffic improvements. TIF funds can pay bonds issued for improvements or be saved until enough revenue is available to fund projects. As new development increases property values in a TIF district, the additional tax revenue above the original base value is dedicated to improving infrastructure to support further growth.
The Tax Cuts and Jobs Act is a reality. Find out what that means to you in this informative presentation. Presented by Brian Kempf, Christopher Axene, Cindy Kula and Inez Bowie, this presentation focuses on the various business related provisions, individual provisions, international concerns and implications to estates and trusts.
Listen to the explaination behind the slides. Watch the full recording of this free webinar here --> https://register.gotowebinar.com/register/7354592984523668995
May 26, 2016 City of Corona Budget Workshop PresentationCity of Corona
The document provides an overview of the City of Corona's proposed budget for fiscal year 2016-17. Key points include:
- The budget focuses on accountability, transparency, sustainability, communication, monitoring, preparation, and feedback.
- Personnel costs are budgeted to increase 4.23% and non-personnel costs 4.12% compared to the prior year forecast.
- The general fund budget is balanced with a small projected surplus of $12,000.
- The budget includes $50.8 million in new capital improvement project funding.
David Bakibinga and Dan Ngabirano of the Makerere School of Law present on property tax administration in Kampala and four other local urban authorities in Uganda.
The document discusses local revenue administration in Sierra Leone and the role of traditional authorities. It outlines the legal provisions and current practices, and challenges including misinterpretation of laws and unclear stakeholder roles. Non-profits piloted reforms in two districts that improved revenue collection by establishing committees, documenting processes, and creating action plans with timelines. However, the interventions lacked sustainability due to inadequate monitoring, lack of council ownership, and changes between governments.
The Finance Director presented the proposed FY 2018-2019 operating budget and property tax rate. The proposed total property tax rate remains $0.386439 per $100 valuation, which was the rate approved last year. The budget projects a beginning general fund balance of $4.48M and ending balance of $4.73M. Other funds discussed include street maintenance, capital projects, and utilities. City Council is required to approve the budget, tax rate, and ratify any property tax revenue increases.
This document outlines accounting principles for income taxes, including:
1) It defines key terms like current tax, deferred tax liabilities, deductible temporary differences, and prescribes how to account for income tax consequences of transactions and events.
2) A deferred tax liability should be recognized for all taxable temporary differences, unless arising from initial asset recognition not affecting profit. A deferred tax asset can be recognized for deductible temporary differences if future taxable profit is probable.
3) Deductible temporary differences result in deferred tax assets when economic benefits in the form of tax deductions will flow to the entity in future periods against taxable profits. Deferred tax assets are only recognized when future taxable profits are probable
The Federal Board of Revenue (FBR) is responsible for enforcing fiscal laws and collecting revenue for the government of Pakistan. It collects nearly 90% of tax revenue and contributes 65% to federal and provincial revenue, meeting 75-85% of government expenditure needs. The FBR chairman oversees formulation of fiscal policies, tax collection, appeals hearings, and interaction with government economic ministries. Key FBR members oversee policy, operations, customs, audits, administration, human resources, legal, taxpayers education, and accounting. There are also 7 director generals covering specific revenue areas.
The two-year budget for fiscal years 2017-2019 totals over $100 million, with operating budgets of $85.9 million in 2017-2018 and $73.2 million in 2018-2019. The budget aims to balance expenditures and revenues while addressing rising pension costs and future deficits projected for 2019-2021. Cost reductions approved in July 2017 and savings from paying down pension debt balance the 2017-2019 budget but deficits of $1.9 million and $3.6 million are projected for 2019-2020 and 2020-2021 respectively unless new revenues are identified. Unspent 2016-2017 resources will be transferred to programs like library services, code enforcement, and disaster response to support future needs.
Income tax authorities under Income tax act 1961Chirantan Tiwari
The document summarizes the key income tax authorities in India and their roles and responsibilities.
The main authorities are:
1) The Central Board of Direct Taxes (CBDT) which is responsible for policy and administration of direct taxes.
2) Income tax officers, tax recovery officers, and inspectors who handle assessments, collections, and enforcement.
3) The CBDT, directors general, commissioners, and joint commissioners can appoint other tax authorities and delegate powers.
4) The jurisdiction and powers of tax authorities are determined by the CBDT through orders and directions.
Section 207 discusses advance tax, which is payable on total income chargeable to tax for the assessment year immediately following the financial year. Advance tax is paid as income is earned throughout the year.
Sections 208-211 provide more details on advance tax payment requirements. Advance tax must be paid in installments if tax liability is over Rs. 10,000. Companies must pay in 4 installments while others pay in 3 installments.
Failure to pay advance tax when required makes the taxpayer an "assessee in default" subject to interest under sections 234B, 234C and penalty under section 140A.
The document summarizes a presentation given by Civic Economics to the Kansas Racing and Gaming Commission Facilities Review Board. The presentation included an analysis of the potential economic impacts of proposed gaming facilities in southeast Kansas. Civic Economics estimated the construction impacts, operating impacts, and potential competitive effects on non-gaming businesses in the region. Their analysis found that the proposed southeast Kansas gaming facility could generate millions in economic output, hundreds of jobs, and millions in wages during both construction and operations. They also noted potential competitive pressures for certain retail and food/beverage businesses from the new amenities of the gaming facility.
The document discusses preparations for the Community Infrastructure Levy (CIL) in Surrey County Council. It provides details on the progress of CIL adoption and charging across different districts in Surrey. It also describes some of the governance arrangements put in place in Elmbridge and being considered in Woking to manage CIL funds and ensure infrastructure is delivered. Specifically, it outlines a strategic spending board and settlement-specific boards to allocate CIL monies in Elmbridge. The document concludes with details about the Horley Masterplan development and plans to use CIL and section 106 agreements to help fund required infrastructure.
This document provides technical indicators for The Presidency's annual performance plan for 2016/2017. It includes indicators to measure support provided to the President across various responsibilities, including Cabinet, Parliament, Operation Phakisa, Presidential Working Groups, statutory bodies, the Siyahlola oversight program, and community engagement (izimbizo) programs. The indicators assess the timely delivery of essential support services, such as briefing notes and media advisories, against predetermined standards outlined in operating procedures. Performance is reported annually and efficiency is measured based on the percentage of support delivered within agreed timeframes.
The Central Board of Direct Taxes (CBDT) issued a draft circular clarifying that no interest under section 234A of the Income Tax Act should be charged on self-assessment tax paid before the due date for filing a tax return. Previously, interest was charged on self-assessment tax even if paid before the due date. The CBDT reviewed this after the Supreme Court ruled that interest under section 234A should only apply to tax amounts unpaid before the due date. Therefore, the CBDT decided that no interest will be charged under section 234A on self-assessment tax paid before the due date for filing a return.
The document discusses various sections of Pakistan's Income Tax Ordinance related to assessments. It explains key concepts like self-assessment under Section 120, best judgment assessments under Section 121 when a return is not filed, amendment of assessments under Section 122, provisional assessments under Section 122C, and assessment of disputed property under Section 125. Rectification of mistakes under Section 221 is also mentioned. Comparison points between Pakistan and India's types of assessments and income are provided.
Income tax-notes PUNJAB UNIVERSITY LAW COLLEGENOMI BRO
The document discusses various aspects of income tax assessment in Pakistan, including:
1) Section 120 discusses self-assessment, where a complete tax return is deemed to be the assessment order issued by the Commissioner.
2) Section 121 allows the Commissioner to make a best judgment assessment if a person fails to file a return or provide required information.
3) Section 122 allows the Commissioner to amend an assessment within 5 years to ensure correct tax liability. Amended orders are treated as assessment orders.
Penalties and Prosecution under Income tax on TDS DefaultsCA. Pankaj Shah
This document discusses penalties and prosecution for defaults related to tax deducted at source (TDS) in India. It covers various types of TDS defaults like non-deduction, short deduction, late deduction, and late deposit. It describes the assessee in default's automatic liability and how interest under section 201(1A) and penalties under sections 221, 271C and 271CA are levied for such defaults. It also discusses the offenses of failing to pay deducted tax under section 276B which can lead to prosecution and imprisonment. The document provides details on reasonable causes, limitations on prosecution, standard operating procedures for prosecution, and the option for compounding offenses.
The document summarizes the results of a financial management assessment of communities in Ukraine. It finds weaknesses in strategic planning, budgeting, revenue collection, procurement, asset management, and transparency. To address these issues, it recommends improving strategies and programs, budget procedures, revenue administration systems, procurement regulations, property management, and civic engagement. It also outlines plans for the organization conducting the assessment to provide support and training to communities on developing financial management skills and increasing transparency.
2018.3.7 City of Saratoga CA mid year-budgetRishi Kumar
The mid-year budget review found that revenues for the general fund are projected to exceed the budget by over $1 million while expenditures are expected to be under budget by more than $200,000. Adjustments are proposed for one internal service fund, and three capital improvement project budgets.
The document discusses the concept of "business connections" under Section 9 of the Indian Income Tax Act of 1961. It notes that the Act allows for taxation of foreign companies and non-residents only on income sourced from India. Section 9 then deems certain types of income as accruing or arising in India in specific circumstances, including income from "business connections" in India. The document aims to analyze judicial pronouncements related to the term "business connection" and how its meaning has evolved over time under Section 9 of the Act.
This document provides an overview and agenda for a presentation on accounting for taxes on income according to AS-22 and IAS 12. It discusses the scope, recognition and measurement of current taxes and deferred taxes. For current taxes, it defines income taxes payable/recoverable and addresses recognition, measurement and specific cases. For deferred taxes, it defines deferred tax assets and liabilities and provides the general approach and steps for computing them, including calculating tax bases and temporary differences. It also discusses circumstances that give rise to temporary differences and types of temporary differences.
Assessment under income tax ordinance 2001saad ali
The document discusses provisions around income tax assessments in Pakistan. It discusses:
1) Section 120 of the Income Tax Ordinance 2001 which deals with self-assessment of returns filed by taxpayers.
2) The powers of the Commissioner to amend assessments under section 122 if considered necessary to ensure correct tax liability. Amendments can be made within 5 years.
3) Provisions around best judgment assessments, provisional assessments, and assessments for those who don't file returns.
The document provides details of various sections and compares some aspects of the Pakistani tax system to the Indian tax system. It also discusses a court case related to the applicability of a tax exemption provision.
This is a presentation by the new Department of Local Government Finanance Commissioner Tim Rushenberg given at the 2nd annual Allen County Day at the State House. The DLGF is one of the most important state offices with whom local government interacts.
David Bakibinga and Dan Ngabirano of the Makerere School of Law present on property tax administration in Kampala and four other local urban authorities in Uganda.
The document discusses local revenue administration in Sierra Leone and the role of traditional authorities. It outlines the legal provisions and current practices, and challenges including misinterpretation of laws and unclear stakeholder roles. Non-profits piloted reforms in two districts that improved revenue collection by establishing committees, documenting processes, and creating action plans with timelines. However, the interventions lacked sustainability due to inadequate monitoring, lack of council ownership, and changes between governments.
The Finance Director presented the proposed FY 2018-2019 operating budget and property tax rate. The proposed total property tax rate remains $0.386439 per $100 valuation, which was the rate approved last year. The budget projects a beginning general fund balance of $4.48M and ending balance of $4.73M. Other funds discussed include street maintenance, capital projects, and utilities. City Council is required to approve the budget, tax rate, and ratify any property tax revenue increases.
This document outlines accounting principles for income taxes, including:
1) It defines key terms like current tax, deferred tax liabilities, deductible temporary differences, and prescribes how to account for income tax consequences of transactions and events.
2) A deferred tax liability should be recognized for all taxable temporary differences, unless arising from initial asset recognition not affecting profit. A deferred tax asset can be recognized for deductible temporary differences if future taxable profit is probable.
3) Deductible temporary differences result in deferred tax assets when economic benefits in the form of tax deductions will flow to the entity in future periods against taxable profits. Deferred tax assets are only recognized when future taxable profits are probable
The Federal Board of Revenue (FBR) is responsible for enforcing fiscal laws and collecting revenue for the government of Pakistan. It collects nearly 90% of tax revenue and contributes 65% to federal and provincial revenue, meeting 75-85% of government expenditure needs. The FBR chairman oversees formulation of fiscal policies, tax collection, appeals hearings, and interaction with government economic ministries. Key FBR members oversee policy, operations, customs, audits, administration, human resources, legal, taxpayers education, and accounting. There are also 7 director generals covering specific revenue areas.
The two-year budget for fiscal years 2017-2019 totals over $100 million, with operating budgets of $85.9 million in 2017-2018 and $73.2 million in 2018-2019. The budget aims to balance expenditures and revenues while addressing rising pension costs and future deficits projected for 2019-2021. Cost reductions approved in July 2017 and savings from paying down pension debt balance the 2017-2019 budget but deficits of $1.9 million and $3.6 million are projected for 2019-2020 and 2020-2021 respectively unless new revenues are identified. Unspent 2016-2017 resources will be transferred to programs like library services, code enforcement, and disaster response to support future needs.
Income tax authorities under Income tax act 1961Chirantan Tiwari
The document summarizes the key income tax authorities in India and their roles and responsibilities.
The main authorities are:
1) The Central Board of Direct Taxes (CBDT) which is responsible for policy and administration of direct taxes.
2) Income tax officers, tax recovery officers, and inspectors who handle assessments, collections, and enforcement.
3) The CBDT, directors general, commissioners, and joint commissioners can appoint other tax authorities and delegate powers.
4) The jurisdiction and powers of tax authorities are determined by the CBDT through orders and directions.
Section 207 discusses advance tax, which is payable on total income chargeable to tax for the assessment year immediately following the financial year. Advance tax is paid as income is earned throughout the year.
Sections 208-211 provide more details on advance tax payment requirements. Advance tax must be paid in installments if tax liability is over Rs. 10,000. Companies must pay in 4 installments while others pay in 3 installments.
Failure to pay advance tax when required makes the taxpayer an "assessee in default" subject to interest under sections 234B, 234C and penalty under section 140A.
The document summarizes a presentation given by Civic Economics to the Kansas Racing and Gaming Commission Facilities Review Board. The presentation included an analysis of the potential economic impacts of proposed gaming facilities in southeast Kansas. Civic Economics estimated the construction impacts, operating impacts, and potential competitive effects on non-gaming businesses in the region. Their analysis found that the proposed southeast Kansas gaming facility could generate millions in economic output, hundreds of jobs, and millions in wages during both construction and operations. They also noted potential competitive pressures for certain retail and food/beverage businesses from the new amenities of the gaming facility.
The document discusses preparations for the Community Infrastructure Levy (CIL) in Surrey County Council. It provides details on the progress of CIL adoption and charging across different districts in Surrey. It also describes some of the governance arrangements put in place in Elmbridge and being considered in Woking to manage CIL funds and ensure infrastructure is delivered. Specifically, it outlines a strategic spending board and settlement-specific boards to allocate CIL monies in Elmbridge. The document concludes with details about the Horley Masterplan development and plans to use CIL and section 106 agreements to help fund required infrastructure.
This document provides technical indicators for The Presidency's annual performance plan for 2016/2017. It includes indicators to measure support provided to the President across various responsibilities, including Cabinet, Parliament, Operation Phakisa, Presidential Working Groups, statutory bodies, the Siyahlola oversight program, and community engagement (izimbizo) programs. The indicators assess the timely delivery of essential support services, such as briefing notes and media advisories, against predetermined standards outlined in operating procedures. Performance is reported annually and efficiency is measured based on the percentage of support delivered within agreed timeframes.
The Central Board of Direct Taxes (CBDT) issued a draft circular clarifying that no interest under section 234A of the Income Tax Act should be charged on self-assessment tax paid before the due date for filing a tax return. Previously, interest was charged on self-assessment tax even if paid before the due date. The CBDT reviewed this after the Supreme Court ruled that interest under section 234A should only apply to tax amounts unpaid before the due date. Therefore, the CBDT decided that no interest will be charged under section 234A on self-assessment tax paid before the due date for filing a return.
The document discusses various sections of Pakistan's Income Tax Ordinance related to assessments. It explains key concepts like self-assessment under Section 120, best judgment assessments under Section 121 when a return is not filed, amendment of assessments under Section 122, provisional assessments under Section 122C, and assessment of disputed property under Section 125. Rectification of mistakes under Section 221 is also mentioned. Comparison points between Pakistan and India's types of assessments and income are provided.
Income tax-notes PUNJAB UNIVERSITY LAW COLLEGENOMI BRO
The document discusses various aspects of income tax assessment in Pakistan, including:
1) Section 120 discusses self-assessment, where a complete tax return is deemed to be the assessment order issued by the Commissioner.
2) Section 121 allows the Commissioner to make a best judgment assessment if a person fails to file a return or provide required information.
3) Section 122 allows the Commissioner to amend an assessment within 5 years to ensure correct tax liability. Amended orders are treated as assessment orders.
Penalties and Prosecution under Income tax on TDS DefaultsCA. Pankaj Shah
This document discusses penalties and prosecution for defaults related to tax deducted at source (TDS) in India. It covers various types of TDS defaults like non-deduction, short deduction, late deduction, and late deposit. It describes the assessee in default's automatic liability and how interest under section 201(1A) and penalties under sections 221, 271C and 271CA are levied for such defaults. It also discusses the offenses of failing to pay deducted tax under section 276B which can lead to prosecution and imprisonment. The document provides details on reasonable causes, limitations on prosecution, standard operating procedures for prosecution, and the option for compounding offenses.
The document summarizes the results of a financial management assessment of communities in Ukraine. It finds weaknesses in strategic planning, budgeting, revenue collection, procurement, asset management, and transparency. To address these issues, it recommends improving strategies and programs, budget procedures, revenue administration systems, procurement regulations, property management, and civic engagement. It also outlines plans for the organization conducting the assessment to provide support and training to communities on developing financial management skills and increasing transparency.
2018.3.7 City of Saratoga CA mid year-budgetRishi Kumar
The mid-year budget review found that revenues for the general fund are projected to exceed the budget by over $1 million while expenditures are expected to be under budget by more than $200,000. Adjustments are proposed for one internal service fund, and three capital improvement project budgets.
The document discusses the concept of "business connections" under Section 9 of the Indian Income Tax Act of 1961. It notes that the Act allows for taxation of foreign companies and non-residents only on income sourced from India. Section 9 then deems certain types of income as accruing or arising in India in specific circumstances, including income from "business connections" in India. The document aims to analyze judicial pronouncements related to the term "business connection" and how its meaning has evolved over time under Section 9 of the Act.
This document provides an overview and agenda for a presentation on accounting for taxes on income according to AS-22 and IAS 12. It discusses the scope, recognition and measurement of current taxes and deferred taxes. For current taxes, it defines income taxes payable/recoverable and addresses recognition, measurement and specific cases. For deferred taxes, it defines deferred tax assets and liabilities and provides the general approach and steps for computing them, including calculating tax bases and temporary differences. It also discusses circumstances that give rise to temporary differences and types of temporary differences.
Assessment under income tax ordinance 2001saad ali
The document discusses provisions around income tax assessments in Pakistan. It discusses:
1) Section 120 of the Income Tax Ordinance 2001 which deals with self-assessment of returns filed by taxpayers.
2) The powers of the Commissioner to amend assessments under section 122 if considered necessary to ensure correct tax liability. Amendments can be made within 5 years.
3) Provisions around best judgment assessments, provisional assessments, and assessments for those who don't file returns.
The document provides details of various sections and compares some aspects of the Pakistani tax system to the Indian tax system. It also discusses a court case related to the applicability of a tax exemption provision.
This is a presentation by the new Department of Local Government Finanance Commissioner Tim Rushenberg given at the 2nd annual Allen County Day at the State House. The DLGF is one of the most important state offices with whom local government interacts.
The document discusses how circuit breaker tax credits limit a taxpayer's total property tax liability to a fixed percentage of their assessed property value. It notes how the credits are funded by reductions in property tax revenues for all taxing units. HEA 1001 lowers the tax caps and expands eligibility, projected to significantly increase credits and reduce property tax collections. The shortfalls must be managed through spending cuts, cost sharing, fees or reducing authorized levies to lower overall tax rates and circuit breaker impacts.
1) The document provides an overview of legislative issues from 2010 for Allen County, including county council budget review powers, 911 funding, and successes around community corrections and county clerk liability.
2) It discusses upcoming issues for 2011 like additional 911 funding, infrastructure costs, and local road funding.
3) The document summarizes local issues in Allen County around a communications merger, co-location of public safety offices, transportation projects, and updates to county offices like the recorder's, treasurer's, and assessor's offices.
The document summarizes cost savings initiatives undertaken by a Commissioners' Office, including: (1) Reducing insurance costs through changes to health plans like opening an employee clinic and expanding wellness benefits, (2) Appealing unjust unemployment claims and preventing $427,000 in payments, (3) Saving on technology and computer refresh costs through virtual servers and negotiating prices.
A presentation made by the Board of Commissoners to County Council concerning the P25 upgrade for 911 dispatch and ancillary issues related to the Consolidated Communications Partnership.
This document provides an overview of budgeting for local governments. It discusses the purpose of budgeting, including establishing funding priorities and communicating financial plans. It outlines the budget process from development of departmental requests to adoption by the governing body. Key aspects covered include the roles of the budget officer and budget committee. The document also discusses legal requirements and common mistakes to avoid, such as exceeding authorized appropriations.
Susanne Greschner, chief of the Rhode Island Department of Revenue Division of Municipal Finance, describes her state’s Fiscal Stability Act and innovative fiscal transparency portal.
This document is the city manager's budget message for the proposed fiscal year 2016 operating budget for the town of Ocean City, Maryland. It provides an overview of the $145 million budget, including a breakdown of expenditures and revenues by fund. It also describes the budget preparation process and highlights that the general fund budget has decreased slightly while remaining balanced and continuing to fund services at the current level.
Government of Iraq's Budget Preparation Stakeholders and its Timeframe (E).pptxaraznabil
The document outlines the timeline and process for budget preparation, execution, and auditing by the Government of Iraq. It involves several key stakeholders from March to December each year. The Ministry of Finance and Ministry of Planning lead the preparation process from March to August. The draft budget is then submitted to various committees and the cabinet for approval before being passed to Parliament. Budget execution oversight occurs monthly and quarterly, with auditing of spending happening from March to June of the following year.
The document outlines the calendar and process for a city council's budget discussion and approval on August 30, 2011. It includes multiple city council budget discussions, votes to propose a tax rate, introduction and approval of a budget ordinance, public hearings on the proposed tax levy and budget, and final approval of the budget and tax levy. It also provides summaries of the proposed 2011-2012 budgets for the general fund, water fund, wastewater fund, and development corporation. The proposed budget will raise less property taxes compared to last year.
2009 City of Savage Truth in Taxation presentationabarnett
The document summarizes a public hearing held by the City of Savage to discuss the proposed 2009 property tax levy and budget. It outlines the purpose of the hearing, components of property taxes like the county and school district levies, and key aspects of the proposed 2009 city budget such as a 5.17% increase in taxes needed but a 2.35% decrease in the tax rate. It also provides comparisons to previous years and the impact on homeowners.
The document outlines Lancaster City's Revitalization and Improvement Zone Program, which will establish a special tax district (CRIZ) to fund development projects through bonds. The CRIZ Authority will issue bonds backed by new state/local tax revenues from projects and businesses in up to 130 acres of targeted areas. Bond proceeds will finance projects creating jobs and tax revenues like commercial redevelopment. The program aims to redevelop vacant/underused sites to attract businesses and jobs to Lancaster City.
Service Tax Complaince and accounting treatment..Rahulkumar Singh
1. Service providers must register for service tax within 30 days if taxable services exceed Rs. 9 lacs annually. Service tax must be collected if taxable services exceed Rs. 10 lacs annually.
2. The current service tax rate is 14%. Service tax is due by the 6th of the month for the previous month. Interest of 18% annually is charged for delayed payments.
3. Half-yearly returns must be filed by October 25th and April 25th. Late fees of Rs. 500-1000 apply for delays up to 30 days, and Rs. 1000 + Rs. 100 per extra day for delays over 30 days, up to a maximum of Rs. 20,000.
The document provides an overview of the Travis Central Appraisal District's (TCAD) 2015 Comprehensive Annual Financial Report. It outlines TCAD's mission, vision, values and strategic goals. It also lists TCAD's board of directors and key personnel. The report includes financial statements and statistical data about TCAD's operations for the fiscal year ended December 31, 2015.
The Indian budget process involves 4 main stages:
1) Estimates of expenditures and revenues are prepared by various ministries and consolidated.
2) An initial deficit estimate is calculated by matching revenues and expenditures.
3) The deficit is narrowed through tax adjustments or expenditure cuts, mainly to plan expenditures.
4) The budget is presented to Parliament in February and takes effect in April, after parliamentary approval of appropriation and finance bills.
The document provides an overview of MPAC's roles, responsibilities, and relationships. It discusses topics such as the assessment cycle, phase-in of assessment increases, assessment notices, and how to request reconsideration of an assessment. It also outlines the three approaches to establishing property values - direct comparison, income, and cost - and how computer assisted mass appraisal systems are used to value groups of properties.
RV 2014: Show Me the Money- Federal Funding in a Non-Earmark World (Federal F...Rail~Volution
Show Me the Money: Federal Funding in a Non-Earmark World AICP CM 1.5
Earmarks are gone. Time to explore new options. Hear about the federal highway and transit formula and financing programs currently available for transit, bicycle and pedestrian projects. Discover the many competitive discretionary federal programs still available to fund surface transportation projects and sustainability activities. You'll walk away with a complete list of programs, eligibility requirements, funding levels for FY 2014, status and links for submitting applications.
Jeffrey F Boothe, Chair, New Starts Working Group; Partner, Holland & Knight, Washington, DC
This document provides information for a tax professional on important tax changes and provisions to watch for the 2021 tax filing season. Key points include the American Rescue Plan Act provisions making the first $10,200 of unemployment benefits non-taxable and increasing the child tax credit. It also discusses COVID-19 related credits, PPP loan deductions, mileage rates, bonus depreciation, excess business loss limitations, and many expiring tax provisions to be aware of. Locations and contact information for the tax preparation service are also included.
The document summarizes Virginia's state budget process, recent fiscal trends, and future issues. It outlines the key stages and actors involved in developing, passing, and executing the state budget. It notes that revenues collapsed in late 2008 and 2009 due to the economic downturn, leading to budget shortfalls. Looking ahead, Medicaid costs and funding public education will continue to be major drivers of spending.
The document provides an overview of municipal budgeting. It defines a budget as a municipality's financial plan and explains why budgets are important for accountability, planning, evaluation, and information. It describes the key components of a budget, including proposed expenses and revenues. The document also discusses different types of budgets like line-item, program, lump sum, and multi-year budgets. Finally, it outlines statutory budget requirements for Wyoming municipalities and budget best practices.
The document provides an overview of municipal budgeting. It defines a budget as a municipality's financial plan and explains why budgets are important for accountability, planning, evaluation, and information. It describes the key components of a budget, including proposed expenses and revenues. The document also discusses different types of budgets like line-item, program, lump sum, and multi-year budgets. Finally, it outlines statutory budget requirements for Wyoming municipalities and budget best practices.
Financial Management in Local Government: A Top 10 PrimerCPLG
Local governments are required by law to adopt a balanced budget ordinance, where the sum of estimated net revenues plus appropriated fund balance equals appropriations.
The Office of the Chief Financial Officer presented at the Washington, DC Economic Partnership's Doing Business 2.0 seminar on Business Taxes (2/13/13).
The document summarizes key information about service tax in India, including:
- Service tax was introduced in 1994 on three services: stockbroker brokerage, telephone services, and general insurance premiums.
- It is now applicable to over 100 taxable services and is levied by the central government under the Finance Act of 1994.
- The provider of a taxable service is generally responsible for paying the service tax, though in some cases the recipient is responsible under "reverse charge" rules.
- Registration is required if the aggregate value of taxable services provided exceeds Rs. 9 lacs annually.
Allen County Fiscal Summit Presentation from Karen Large DLGF
1. Allen County Fiscal Summit:
2010 Budget Timeline and County
Fiscal Body Budget Review Process
Karen Large
Budget Division Director
July 21, 2009
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2. Discussion
• 2010 Budget Timeline
• County Council Non-Binding Review
and Recommendation
• Contact Information
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3. 2010 Budget Timeline
2009 pay 2010 Budget Timeline
• July 1 – County Assessor submits assessed values to County
Auditor
• August 1 – County Auditor certifies net assessed values and
submits them to the DLGF
• September 2 – Last day for first publication of Notice to
Taxpayers (Budget Form 3) (At least 10 days before public
hearing) Also last day that Allen County Council requests
submission of your proposed 2010 budget
• September 9 – Last day for second publication of Notice to
Taxpayers (Budget Form 3) (At least 3 days before public hearing)
• September 17 – Last day for civil taxing units to submit
proposed tax rates, levies and budgets to county council for
non-binding review and recommendation (At least 45 days
before budget adoption) For Allen County – last day is Sept. 2nd.
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4. 2010 Budget Timeline
• Thirty Day Review Period – County Council reviews proposed tax
rates, levies and budgets for civil taxing units - Allen County Council
will review civil tax unit budgets on September 9, 2009 and issue
non-binding recommendations by September 23, 2009
• October 17 – Last day for county council to review proposed tax
rates, levies and budgets and issues non-binding recommendations
(At least 15 days before civil taxing unit adopts budget)
• October 22 – Last day for civil taxing unit to hold public hearing to
review its proposed tax rate, levy and budget (At least 10 days before
budget adoption hearing)
• October 29 – Last day for ten (10) or more taxpayers to file an
objection of the proposed tax rates, levies and budgets with the civil
taxing unit (not more than seven (7) days after the public hearing)
• November 1 – Last day for civil taxing unit to hold budget adoption
hearing and adopt its tax rate, levy and budget and adopt finding if
objection is filed
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5. 2010 Budget Timeline
• November 3 – Last day for civil taxing unit to file adopted tax
rate, levy and budget with County Auditor (not later than two
(2) days after budget adoption)
• November/December – County Auditor publishes the TAB
chart no later than fifteen (15) days after modifications, if
any, are made to rates, levies and budgets
• November/December – Taxpayers or civil taxing unit file
objection to Auditor’s modifications to civil taxing unit’s tax
rate, levy or budget no later than ten (10) days after TAB chart
publication
• November through February 10 – DLGF works the budgets
and issues 1782 notices to units of government (units have
ten (10) days to review and propose changes to budget)
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6. 2010 Budget Timeline
• February 10 – Last day for DLGF to publish notice of
public budget hearing (Publication must be at least five (5) days
before the public hearing)
• February 15 – Last day for DLGF to hold public hearing on
the tax rates, levies and budgets
• February 15 – Last day for DLGF to certify tax rates, levies
and budgets and issue county budget order
• April 25 – County Treasurer mails tax statements
• May 10 – First installment of 2010 property taxes due
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7. Additional Budget
Timeline Information
• TAB chart of adopted tax rates of taxing units is only
advertised if there is a modification by County Auditor or
County TAB to adopted tax rate, levies, or budgets
(I.C. 6-1.1-17-12)
• Budget timelines for libraries, schools, city/towns &
townships, and special districts are available at
http://www.in.gov/dlgf/7176.htm
• Complete 2009/2010 Budget Calendar is available at
http://www.in.gov/dlgf/files/090702-_Rushenberg_Memo_-
_Revised_2009-2010_Budget_Calendar.pdf
• Deadlines occurring on a Saturday, Sunday or Legal
Holiday are effective on the next business day
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8. County Fiscal Body
Budget Review Process
• Requires civil taxing units to file with the county fiscal
body a statement of the proposed or estimated tax
rate, tax levy and budget for the following budget year
• If the civil taxing unit is located in more than one
county, the civil taxing unit must file the proposed rate,
levy and budget with the county fiscal body where the
greatest part of the civil taxing unit’s net assessed
valuation is located
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9. Schools
• Schools are not civil taxing units
• Not required to file a proposed tax rate, levy and
budget with the county fiscal body for non-binding
review and recommendation
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10. Conservancy District, Solid
Waste Management District or Fire
Protection District
• Not required to file a proposed tax rate, levy and budget with the
county fiscal body for non-binding review and recommendation
• However, must submit their proposed tax rate, levy and budget to
a city/town fiscal body or county fiscal body for final budget
adoption
• Proposed tax rate, levy and budget must be submitted to the city,
town or county fiscal body at least thirty (30) days before the fiscal
body is required to hold the budget adoption hearing
• Deadline for submitting the proposed tax rate, levy and budget is
October 2, 2009
• Failure to submit a proposed tax rate, levy and budget will result in
the continuation of the most recent annual appropriations and
annual tax levy for the following budget year
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11. Appointed or Unelected Board
of Taxing Unit
• If proposed budget is more than the result of the AVGQ minus one (1)
(AVGQ is 3.8% in 2010)
– Not required to follow the non-binding review and
recommendation process
– However, must submit budget to a city/town fiscal body or
county fiscal body (whichever is applicable) for final adoption
– Must submit proposed tax rate, levy and budget thirty (30) days
before the fiscal body is required to adopt their budget
– Deadline for submitting the proposed tax rate, levy and budget is
October 2, 2009
– Failure to submit a proposed tax rate, levy and budget will result in
the continuation of the most recent annual appropriations and
annual tax levy for the following budget year
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12. Civil Taxing Unit
• Must file their proposed tax rate, levy and budget with the
county council for review and non-binding
recommendation
• Must file at least forty-five (45) days before civil taxing unit
fixes its tax rate, levy and adopts its budget
• Last date for civil taxing unit to file budget for non-binding
review and recommendation is September 17, 2009 - Allen
County Council is requesting all information by Sept. 2nd
• Failure to submit a proposed tax rate, levy and budget will
result in the continuation of the most recent annual
appropriations and annual tax levy for the following budget
year
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13. Deadline for County Fiscal Body to
Review and Make Recommendation
• County Fiscal Body must complete the following at least fifteen (15) days
before the civil taxing unit fixes its tax rate, levy and adopts its budget:
(1) Review any proposed or estimated tax rate, levy or proposed
budget filed by a civil taxing unit; and
(2) Issue a non-binding recommendation to a civil taxing unit
regarding the civil taxing unit’s proposed or estimated tax rate or tax
levy or proposed budget
• Last date for county fiscal body to complete its review and issue non-
binding recommendation is October 17, 2009 - Allen County Council will
be reviewing all tax unit budgets on September 9th and issuing their non-
binding recommendation by September 23rd.
• Failure to complete the review and issue non-binding recommendations
will result in the continuation of the most recent annual appropriations
and annual tax levy for the following budget year
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14. County Fiscal Body
Recommendation
Recommendation must include:
• A comparison of any increase in the civil taxing unit’s
budget or tax levy to:
(1) the average increase in Indiana nonfarm personal
income for the preceding six (6) calendar years and the
average increase in nonfarm personal income for the county
for the preceding six (6) calendar years; and
(2) increases in the budgets and tax levies of other civil
taxing units in the county
• DLGF must provide each county fiscal body with the most
recent available information concerning increases in Indiana
nonfarm personal income and increases in county nonfarm
personal income
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15. Budget Review Forms
• DLGF developed forms to assist units in posting their
proposed budgets and levies and to assist county
councils in reviewing the proposed budgets and levies
• Use of forms is voluntary
• Civil taxing units and county fiscal body can access these
forms on the DLGF Web site at
www.in.gov/dlgf/6800.htm
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16. Contact the Department
• Karen Large, Budget Division Director
• Telephone: 317.232.3775
• Fax: 317.232.8779
• E-mail: klarge@dlgf.in.gov
• Web site: www.in.gov/dlgf
• “Contact Us”: www.in.gov/dlgf/2338.htm.
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