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Governor Eric J. Holcomb
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Financial Management Circulars

IC 4-12-1-13 allows the State Budget Agency (SBA) to adopt and enforce financial guidelines for state agencies to follow. The Office of Management and Budget (OMB) has similar authority under IC 4-3-22-4. We refer to this guidance as Financial Management Circulars (FMCs).

Overview of the Financial Management Circular System

  • FMC 1.1 - Fiscal Prudence Measures - January 1, 2024
  • FMC 1.2 - Fiscal Spending Plans - January 1, 2022
  • FMC 1.3 - SWCAP Financial Management - January 1, 2022
  • FMC 1.4 - Information Technology - January 1, 2022
  • FMC 2.1 - State Personnel Department - January 1, 2022
  • FMC 2.2 – Compensation & Classification Review Process – February 1, 2024
  • FMC 2.3 - Compensatory Time Off for Overtime Exempt Employees - January 1, 2022
  • FMC 2.4 - Job Classifications Eligible for Premium Overtime Compensation - July 1, 2024
  • FMC 2.5 - Part-time and Intermittent Employment - January 1, 2022
  • FMC 2.6 - Compensatory Time Off for Premium Overtime Eligible Employees - October 1, 2024
  • FMC 3.1 - Contract Management - January 1, 2022
  • FMC 3.2 - Delegation for Procurement Contract Approval - January 1, 2022
  • FMC 3.3 - Language for Cancellation of Contracts for Lack of Funds - January 1, 2022
  • FMC 3.4 - MOUs and MOAs - March 1, 2024
  • FMC 3.5 - Agency Management of the Procurement Card - January 1, 2022
  • FMC 4.1 - Federal Grants Management Guidelines - July 1, 2024
  • FMC 4.2 - Offsets by the U.S. Treasury - January 1, 2022
  • FMC 4.3 - Private Grants and Donations - April 1, 2024
  • FMC 5.1 - OMB and SBA Review of Agency Rulemaking - July 14, 2023
  • FMC 5.2 - Requirements for Regulatory Analysis - July 1, 2024
  • FMC 5.3 - Review of Provisional Rulemaking - July 1, 2024
  • FMC 5.4 - Review of Interim Rulemaking - July 1, 2024
  • FMC 5.5 - Resubmission Approvals - October 1, 2024
  • FMC 6.1 - Internal Control Standards - January 1, 2022
  • FMC 6.2 - Agency Risk Assessment - January 1, 2022
  • FMC 6.3 - Internal Audit - February 8, 2023

    • Archived Financial Management Circulars