Indiana Code Title 36. Local Government § 36-10-8-12

(1) operating expenses and maintain reasonable reserves;

(2) for services of architects, engineers, accountants, attorneys, and consultants;

(3) for all or part of the cost of a capital improvement;

(4) the principal on, or interest of, any bonds issued under this chapter that cannot be paid from money in the capital improvement bond fund;  or

(5) for any other purpose that has been budgeted and approved under section 8 of this chapter.