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Fuel Budget Risk Management

Fuel Budgeting Program

Tool To Protect Your Fuel Budget From Rising Costs

The fiduciary responsibility for tax dollars is central to your mission as a unit of government. When it comes to predicting budget expenses, that task may feel overwhelming. We live in a world of volatile events, where even the smallest occurrence on the other side of the world can impact Indiana. Particularly with the fuel needed to run key vehicles. With risks everywhere that are out of your control, where can you turn? Thankfully, the Indiana Bond Bank (IBB) has a tool specifically designed to protect your fuel budget against volatile prices. In these times of uncertainty, protecting your fuel budget is more important than ever. Why set your budget up for a headache when you can set it and forget it?

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2026 Fuel Budgeting Program Webinar Recording

Learn more about the how the program can help protect your fuel budget, find out how to fill out the program application, and review the program timeline in this 30-minute webinar!

What makes us different

Budget Protection

Budget Protection against Volatile Fuel Prices

Assistance

Assistance from IBB’s Diverse Team of Professionals

Application

New Application Designed for Efficiency and Ease of User Experience

Computer on Desk

The Process

  1. You reach out to the Indiana Bond Bank to talk about your fuel budgeting needs.
  2. You request an application and a list of financial documents required for submission.
  3. The Indiana Bond Bank will send you all the legal documents needed for local approvals.
  4. The Indiana Bond Bank will monitor the market and select the hedge structure best for that particular year.
  5. As the closing date approaches, the Indiana Bond Bank will request your authorization to close on the hedge within certain pricing parameters.
  6. The Indiana Bond Bank closes on hedge transaction and notifies you of protection start date and final parameter numbers.

Click here if interested in the Fuel Budgeting Program!

Common Questions

We have answers! If not covered here, please reach out.

There is no change to how you purchase fuel. The Fuel Program is a financial instrument only. You may purchase and pay for fuel from any vendor.

The Fuel Program acts like insurance for your fuel budget.  It is designed to protect your budget from rising fuel prices, and provides flexibility in setting this protection.  Additionally, the IBB is transparent in the costs of its program.  Other fuel providers (i.e. jobbers) may charge hidden costs when they fix fuel prices.

No, the IBB does not need your actual receipts of the fuel your consumed.

If you fix 100% of your fuel price for the entire year, you cannot participate in the Fuel Program.  However, you can participate if you bid and set the price each month, or have a portion of your volume that is not fixed with your vendor.

Other areas we can help

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