In outlining Indiana’s 2019 Year-End Report, which highlights the state’s fiscal year ending June 30, 2019, Auditor of State Tera Klutz, CPA, announced Indiana ended FY19 with a budget surplus of $410 million allowing the state to close the books without utilizing reserves.
The Year-End Report, prepared by the Office of Management and Budget, shows Indiana maintaining reserves of approximately $2.3 billion or 13.9% of current year expenditures, representing an increase from FY2018.