Fund accounting, claims processing, budgeting, and state reporting with blocking validators that enforce every SBOA requirement.
Indiana municipalities operate under strict financial oversight from the State Board of Accounts (SBOA). Every claim, appropriation, and budget action must conform to statutory requirements defined in IC 5-11 and the property tax framework in IC 6-1.1. Non-compliance results in audit findings, personal liability for officials, and in extreme cases, criminal referral.
TownWorks provides a complete financial management system built from the ground up for SBOA compliance. Fund structures, claims processing, budget preparation, and Gateway reporting are all integrated with blocking validators that prevent non-compliant transactions before they occur.
For SEA 270 scoring, financial performance is critical: missed Gateway filings, budget continuation years, and fiscal irregularities all contribute to dissolution risk.
Governs the examination and audit of all municipal financial records. Establishes requirements for fund accounting, claims processing, record retention, and annual reporting obligations.
Establishes the timeline and process for municipal budget preparation, public hearing, and adoption. TownWorks automates the budget calendar and enforces submission deadlines.
Governs the calculation and certification of property tax rates. Requires accurate levy calculations tied to appropriations and assessed valuation data.
SBOA-compliant fund structure with proper fund types, receipt codes, and appropriation lines. All transactions tracked by fund with real-time balances.
Full claims workflow with blocking validators that prevent overspending appropriations, duplicate payments, and claims without proper documentation.
Automated budget preparation with statutory timeline enforcement, public hearing notices, and Gateway submission formatting.
Automated generation of required Gateway uploads including annual financial reports, budgets, and monthly financial data.
Automated preparation of monthly financial data for Indiana Gateway submission with reconciliation checks and error detection.
Integrated check writing with pre-numbered check tracking, void management, and bank reconciliation support.
Financial mismanagement is a primary driver of SEA 270 dissolution scoring:
Failure to submit required Gateway filings or annual financial reports triggers scoring points. TownWorks automates report generation and tracks submission deadlines.
Operating under budget continuation (failing to adopt a new budget) scores dissolution points. TownWorks enforces the budget calendar and ensures timely adoption.
SBOA compliance guides and financial management resources will be available in our resources section.
See how TownWorks handles fund accounting, claims, budgeting, and Gateway reporting for your municipality.
Legal Disclaimer: TownWorks, Inc. is a technology company, not a law firm. The information on this page is for informational purposes only and does not constitute legal advice. Municipalities should consult with qualified legal counsel regarding specific legal questions.