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Munster finance team disputes DUAB dashboard data, highlights referendum reliance
Summary
CFO told the board the state's DUAB financial indicator dashboard contains errors for Munster; district-calculated fund balances and investments differ from DUAB's numbers, and administrators warned Senate-enrolled Act 1 changes may reduce net assessed value and pressure budgets, making the district reliant on its referendum.
The School Town of Munster's chief financial officer told trustees the district will rely on its own calculations after discovering multiple errors in the Indiana Department of Education’s (DUAB) public financial indicator dashboard for Munster.
Mister Melby said DUAB’s dashboard misstates Munster’s rainy day fund and other indicators and that DUAB’s director (Dan Schmidt, referenced) has…
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