The following is an outline of the rates we charge for the services we provide. As you will see, we uphold our values and fulfill our mission at a tremendous value to the citizens of the State of Indiana.
IC 5-11-4-3(a) states: “The expense of examination and investigation of accounts shall be paid by each municipality or entity as provided by this chapter.”
Taxing Unit Rate: $175/day ($23.33/hour)
Full Cost Rate*: $712.50/day ($95/hour)
*The full cost rate is the amount we would need to bill to each unit of government to be fully funded. A new rate is calculated each October using the following formula:
|(Prior Year Expenditures – Processing Fees Collected from the Prior Year)|
|Total Audit Hours Charged to Governmental Units for the Prior Year.|
The full cost rate is charged to federal programs, utilities, universities, and any other entity not considered a taxing unit.
IC 5-11-4-3(d) states: “Except as otherwise provided in this chapter, each: (1) taxing unit; and (2) soil and water conservation district: shall be charged at the rate of one hundred seventy-five dollars ($175) per day for each field examiner, private examiner, expert, or employee of the state board of accounts who is engaged in making examinations or investigations carried out under this article. Audited entities described in subdivisions (1) and (2) shall be charged the actual direct and indirect allowable cost under 2 CFR 200.425 of performing the audit. Except as provided in subsection (h), all other audited entities shall be charged the actual direct and indirect cost of performing the examination or investigation.”
Processing Fees range from $95 to $2,990 and varies depending on unit type and engagement performed.
Technology Fee: $40/hour
IC 5-11-4-3(f) states: "In addition to other charges provided in this chapter, the state examiner may charge a reasonable fee for technology and processing costs related to completing reports of examination and processing reports of examination in the same manner as other charges are made under this chapter"