School Corporation Fiscal and Qualitative Indicators Committee
House Enrolled Act 1315 (“HEA 1315(ss)”), as passed during the 2018 Special Session of the Indiana General Assembly, added a new chapter to Indiana Code (“IC”) regarding school corporation fiscal analysis. Indiana Code 20-19-7-3 established the School Corporation Fiscal and Qualitative Indicators Committee (“Committee”). The Committee was tasked with making the following determinations:
“(1) The determination of the fiscal and qualitative indicators to be used for evaluating the financial condition of each school corporation.
(2) The determination of the information that is to be presented on the DUAB’s Internet website or the management performance hub’s Internet web site in accordance with section 5(c) of this chapter.
(3) The determination of how frequently to update:
(A) the fiscal and qualitative indicators being used to evaluate the financial condition of school corporations; and
(B) the presentation of information on the DUAB’s Internet web site or the management performance hub’s Internet web site in accordance with section 5(c) of this chapter.”
In considering potential indicators, school corporations utilized as examples were not identified by name. The anonymity of these school corporations served two purposes. First, as the indicators considered by the Committee were potential indicators and subject to revisions, reviewing the indicators in an anonymous manner prevented such draft indicators from being associated with a specific school corporation. To be fair to all school corporations, only the final indicators as determined by the Committee would be identified by school corporation name. More importantly, though, the school corporations were presented without names to avoid the selection of indicators based on assumptions about a specific school corporation. This allowed the Committee to review the indicators in a more independent way, allowing the relevance and value of the indicator to be the deciding factor rather than how a particular school corporation fairs within the indicator.