Jim Treat

Jim Treat of O.W. Krohn & Associates in Westfield said no studies have yet been conducted beyond that.

"Probably how the process will go is we'll see what kind of revenues we generate, then we'll have better track of what our actual costs will be," he said.

James W. Treat, CPA
...
James W. Treat, CPA

Jim Treat is an honors graduate of the University of Notre Dame's School of Business Administration with a major in accounting. Treat spent six years as an auditor with a Big Five accounting firm, serving clients ranging from international publicly held companies to local not-for-profit entities in a wide variety of industries. He has also worked as Regional Manager of Internal Audit and Director of Audit Services for a national health care provider. Treat joined O. W. Krohn & Associates in 1994 and became a partner in 1998. He is responsible for engagement administration and provides accounting, financial advisory and consulting services. Jim has obtained a wealth of experience handling complex financings for tax supported bond issues, tax increment financing bonds, revenue bonds and various types of lease financings. He has assisted municipalities with the preparation of comprehensive annual financial reports (CAFR's), as well as non-routine budget and finance issues before the Department of Local Government Finance (DLGF). Treat is a member of the American Institute of Certified Public Accountants and the Indiana CPA Society. He is also active in many of the professional and trade associations noted above.

The impact of the redevelopment commission's decision will have on individual taxpayers is unknown at this point, said Jim Treat, a partner with O. W. Krohn & Associates.

Jim Treat, a partner with O.W. Krohn & Associates, presented the council Thursday with two options to phase in an increase to the tax rate, both of which would take four years.

The two plans, one that would start in 2009 and the other in 2010, increase the tax rate in certain increments to cover the cost of providing services to the area annexed in 2006.

For example, for the tax levy increase plan starting in 2009, for a property with an assessed value of $200,000, the owner would pay about $14 more that year.

Treat said the city will face several obstacles when trying to find revenue to fund that area including growth in the area that could provide more property tax money.

"(This) provides you enough to acquire the building, pay for the cost of proceedings for financing and a few other things," accountant Jim Treat of O.W. Krohn and Associates told the town council.

Jim Treat, jtreat@owkcpa.com

James W. Treat

Partner

jtreat@owkcpa.com

Jim Treat is an honors graduate of the University of Notre Dame's School of Business Administration with a major in accounting. Treat spent six years as an auditor with a Big Five accounting firm, serving clients ranging from international publicly held companies to local not-for-profit entities in a wide variety of industries. He has also worked as Regional Manager of Internal Audit and Director of Audit Services for a national health care provider. Treat joined O. W. Krohn & Associates in 1994 and became a partner in 1998. He is responsible for engagement administration and provides accounting, financial advisory and consulting services. Jim has obtained a wealth of experience handling complex financings for tax supported bond issues, tax increment financing bonds, revenue bonds and various types of lease financings. He has assisted municipalities with the preparation of comprehensive annual financial reports (CAFR's), as well as non-routine budget and finance issues before the Department of Local Government Finance (DLGF). Treat is a member of the American Institute of Certified Public Accountants and the Indiana CPA Society.

Jim Treat
...
James W. Treat

Treat is an honors graduate of the University of Notre Dame's School of Business Administration with a major in accounting.Treat spent six years as an auditor with a Big Six accounting firm, serving clients ranging from international publicly held companies to local not-for-profit entities in a wide variety of industries.He has also worked as Regional Manager of Internal Audit and Director of Audit Services for a national health care provider.Treat joined O.W. Krohn & Associates in 1994 and is a Partner in the firm overseeing engagement management for accounting, financial advisory and consulting services.He also assists communities with State Tax Board matters and preparation of Comprehensive Annual Financial Reports (CAFR) consistent with guidelines promulgated by the Government Finance Officers Association (GFOA).Treat is a member of the American Institute of Certified Public Accountants and the Indiana CPA Society.