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Ind. Code § 36-10-16-13

"Net income"

Indiana · Indiana Code Title 36 — Local Government · Status: effective

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Ind. Code § 36-10-16-13, "Net income", Indiana, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1689019
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Sec. 13. As used in this chapter, "net income" means the gross income after deducting: (1) the necessary operational expenses of the board in performing its duties (the expenses not to exceed the amount budgeted or approved); and (2) any reserve provided for in the budget.