Professional Documents
Culture Documents
The Connection
* Remember to send your business brochures to the Chamber Office to keep our Resource Guide updated.
June June
June 6: Chamber Day in the Park at Selman Pavilion June 21 Business after Hours hosted by Frontier at
July July
July 4: Fourth of July Parade and Celebration July19: Business after Hours hosted by the Herald
Republican
BOARD OF DIRECTORS
Barry Barenfanger - Potawatomi Inn & Restaurant Linda Bateman - Trine University Pam Doty - Mike Thomas Associates Scott Gruner - First Federal Savings Bank of Angola Hilary Price - Peter Franklin Jewelers Cheryl Weimer - Eberhard & Weimer Steve Wertman - Insurance and Financial Services Bobbi Grill - Steuben County United Way Steven Mayer - Steven C. Mayer Attorney At Law Tim Newby- Farmers State Bank
GLADIEUXCONSULTING
eight days a week
OFFICE STAFF
Nicole Vanette - Executive Assistant
*** 211 E. Maumee Street, Suite B, Angola, IN 46703 Phone: 260-665-3512 Fax: 260-665-7418 Professional Development & Coaching How can we help your team succeed? Excelling as a Supervisor Interviewing, Recruiting & Hiring Leadership Skills for Top Managers Interpersonal Conflict Management Harassment Prevention & Leveraging Diversity Project Management Skills Team Building Ethics in the Workplace 1:1 Executive and Employee Coaching Available 260.450.4202 www.gladieuxconsulting.com
20% Off Team Seminars for Angola Chamber Members
www.angolachamber.org
The Chamber Connection is published for members of the Angola Area Chamber of Commerce. If you are a member and would like to advertise please contact us.
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260-665-3512
Backyard Kreations
729 E Chicago St Bronson, MI 49028 517-369-1585
Chuck Sheets
1070 W 100 N Angola, IN 46703 (260) 665-3519
Faith Harvest
200 W Park Ave Angola, IN 46703 (260) 665-1014
Remember Mother's Day is Sunday, May 13th and Father's Day is Sunday, June 17th. Chamber Gift Checks are a great solution for your gift-giving needs. These are available for purchase at the Chamber office. Thank you for Supporting your local Chamber Members. Visit our website at: www.angolachamber.org to get a listing of Chamber Members.
www.angolachamber.org
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260-665-3512
]xx Wx|z
Interior Design for the way you live & work
260-624-2900 260-624Allied Member
ASID
jennifer@jemseydesigns.com
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260-665-3512
July 4th - Angola Chamber of Commerce brings the Red Tail Squadron "RISE ABOVE" Exhibit to Angola Balloons Aloft
It is with great excitement we are announcing the addition of the Commemorative Air Force Red Tail Squadron "Rise Above" Exhibit to Angola Balloons Aloft along with the rare red-tailed P-51C Mustang Fighter flown by the Tuskegee Airman. This exhibit is being sponsored by the Angola Chamber of Commerce through the generous grant funding from the Steuben County Community Foundation and the Olive B. Cole Foundation. Check out the Red Tail website at www.redtail.org.
www.angolachamber.org
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Budget
From PAGE 6 Each layer of government is allowed the same taxable growth rate when figuring their budgets. Along with the taxable rate used in preparing the budget, the fiscal officer must also consider other revenue resources such as income tax share, motor vehicle highway funds (resulting from gas tax), fines, fees, permits and other funds for service. Each level of government receives their own specific portion of income tax, excise tax and state reimbursement unique to that level of government. During the budget preparation process, the County Assessor will certify the assessment to the Auditor. At this time, the Auditors office will credit each real estate parcel or personal property assessment with any exemptions, deductions, abatements or tax exempt status to the property tax roll filed on the parcel. Once these figures are gathered, the Auditor will deduct the TIF district values calculated from the real and personal values having the exemptions, deductions and abatements credited. These figures will then be reviewed and the county will factor in any unresolved appeals, refunds or changes in assessment based on preceding years trends. The Auditor is allowed to reduce the assessed value up to a 2% to cover any exemptions or deduction filed between June and the end of the year and these aforementioned assessment changes. This will then become the Certified Net Assessed Valuation (NAV) used for calculating budgets. Once the taxing unit has established their budget, the Certified NAV is used to calculate the rate. This is handled by the unit preparing what is called the form 4B which is required to be submitted to the Department of Local Government Finance (DLGF). In the form 4B, the current year remaining budget, estimated revenues for 18 months, anticipated expenditure increase/reduction for the remaining six months of the budget year, property tax replacement credit, and maximum taxable levy are used to figure the tax rate. At this point of the budget process, the unit will then use this figure to set the tax rate for that particular fund (which is called line 16). The Tax Levy (line 16) is then divided by the Net Assessed Value divided by 100 to calculate the tax rate for that fund. In order to calculate the entire tax for your taxing district (example: City of Angola, Pleasant Township, Steuben Township, etc.) one must add all taxable fund for each taxing district. Each layer in the City of Angola, for example, must be accounted for. These are the funds with allowable taxes: County- General, Health, Cumulative Bridge, Cumulative Capital, Debt Service, Reassessment, Airport, Mental Health; Pleasant Township portion: Township General and Poor Relief; MSD Steuben County- School Debt Service, Capital Projects, Transportation, Bus Replacement and Pension Debt; Carnegie Library- Library Operating and Debt Service; City of Angola General, Motor Vehicle Highway, Parks/Rec and Cumulative Capital Development. Each of these rates are added together to total your tax rate of the taxing district where you work and live. This was a relatively simple process before changes in property tax caps and exemption deadline changes were enacted several years ago.We can discuss this at a later date. I hope this helps you understand the property tax process used in the State of Indiana. I would be happy to answer any questions you may have. Please feel free to contact me to unlock the mystery of the budget and taxing process.