State Board of Accounts no longer questioning 2015 Carmel payment


On July 12, the State Board of Accounts notified the City of Carmel that after further review, it does not have an issue with the 2015 $5 million bond payment reimbursement to the Carmel Redevelopment Commission.

This means SBOA is no longer asking for the $5 million to be shown as a general fund liability and deducted from the fund balance.
​This comes after the SBOA had questioned how the city paid for a $5 million budget shortfall in December 2015.
Editor’s note: The City of Carmel notified Current on the evening on July 12 that the SBOA is no longer questioning the 2015 payment, outlined in a previous story at:

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