Many of us have emergency savings accounts–monies set aside to use in unforeseen emergencies or hard times, such as an illness or financial setback. Municipalities have these too, and they are officially referred to as rainy day funds. The dollars that go in and out of these funds are controlled by the fiscal body. In good fiscal years, cities set aside surplus dollars to store away for years with budget shortfalls. When budget shortfalls do hit, cities can look to decrease spending or pull monies from unrestricted fund balances. A healthy rainy day fund provides a city with more options to manage uncertainty.

Carmel has a very healthy rainy day fund as compared to other municipalities. Here are the top 10 Indiana City rainy day fund balances, as of September 27, 2018.

Updated June of 2022