Local units that impose a food and beverage tax; annual

# (1)

a consolidated financial statement that at a minimum contains total collections, total expenditures, the beginning year fund balance, and the end of year fund balance;

# (2)

every expenditure of funds by the local unit;

# (3)

each local governmental entity, or instrumentality of a local governmental entity, that received a distribution; and

# (4)

every expenditure of funds by each local governmental entity described in subdivision (3);
from amounts received from the food and beverage tax imposed by the local unit during the previous calendar year.

(b) The report required under subsection (a) must include for each check, expenditure, distribution, or payment:

(1) the date and amount of the check, expenditure, distribution, or payment;

(2) the payee or recipient;

(3) the specific purpose, including whether the check, expenditure, distribution, or payment was for an employee salary or a capital project;

(4) if applicable, a description of the project for which the check, expenditure, distribution, or payment was made; and

# (5)

a consolidated financial statement for the previous calendar year that at a minimum contains total collections, total expenditures, the beginning year fund balance, and the end of year fund balance.

(c) The report required under subsection (a) must be in a format and on a form prescribed by the state board of accounts.

(d) The state board of accounts shall post a report received under subsection (a) on the department of local government finance's computer gateway.

(e) The requirements under subsection (a) do not apply to taxes collected under:

(1) IC 6-9-12 that are distributed to the capital improvement board of managers created by IC 36-10-9-3;

(2) IC 6-9-35 that are distributed to the capital improvement board of managers created by IC 36-10-9-3; and

(3) IC 6-9-33 that are distributed to the capital improvement board of managers created by IC 36-10-8.
As added by P.L.236-2023, SEC.49. Amended by P.L.230-2025, SEC.54.