Fuel Budgeting Program

Protecting Fuel Budgets

About the Program

Fuel prices are volatile and make the budgeting process difficult.  The Fuel Budgeting Program provides a tool for local government to protect against market volatility by acting as insurance against rising and unpredictable fuel prices. 

The Indiana Bond Bank is pleased to announce it Cap-Only Structure, which gives you the benefits of protection against rising fuel prices with no penalty for sinking fuel prices.  To learn more about the new Cap-Only structure, please click here to view our June 2019 Webinar (password: 0E?t2H.E).

Please contact us at fuel@inbondbank.com to learn more about how to apply!

 

The Benefits of Protecting Your Budget

A Resource for Local Government

To insure budgets from volatility in fuel prices

Shared Program Costs

Costs are spread across entities to ensure efficiency

The Fuel Budgeting Process

  • Fuel Purchase

    You continue to purchase fuel from your local provider.

  • Application

    Short application available every September.

  • Level of Participation

    Maximum participation is 80% of annual consumption.

  • Legal Documents

    Participation in the program requires legal paperwork which is provided by the Bond Bank.

Want to learn more about the Fuel Budgeting Program?