It’s been a record wet year as of this writing, May 2011. These following stats come from the Indiana State Climate Office:
In February, the state average precipitation total was 4.17 inches, which is 2.28 inches above normal or about 183% of normal, the 8th wettest February on record in Indiana. Then March came along, and there were areas where flooding began to rear its ugly head. The state average precipitation total in March was 3.50 inches which is just 3% or 0.10 inch above normal.
Madison had some flooding downtown along the riverfront on Vaughn Road, which proved to be somewhat a curiosity for local shutter bugs, myself included. 
This photo, looking through the riverfront fencing, is the west of Vaughn Road, in early March flooding, which was mostly just to the sidewalks. Behind the house, I took a photo on March 10th that showed the waters rising and one on the other end (west) of Vaughn.
The next day I took a photo of the city’s 
campground gazebo which was still surrounded by water. The treeline in another photo showed the flooding had covered the campground parking lot. Another photo shows the trash beginning to collect in the woods (taken March 12th). By the 20th the river had gone down some but left behind log jams all along the riverbank.
On April 19, 2011 26 tornadoes hit statewide, not far behind the 37 tornadoes recorded on a single day on 2 June 1990. Tornadic weather continued through April. The state average precipitation total of 9.69 inches ranked April 2011 as the wettest April on record in Indiana. This total easily surpasses the 7.01 inches in 1947, the second wettest April on record.
Flooding will attest to that, and not just here. It marked the beginning of the domino effect, since all that water went south, creating record flooding all along the Mississippi River in May, 2011. April 26th I walked a little out back, on the east Vaughn area, taking a few photos, for the record. A 
house on stilts, the only one of its kind in Madison, is safe from the flooding that closed Vaughn Road. At the end of Ferry Street the road was impassable due to high water. By that time, the water covered all of Vaughn Road west of that location. The old water tower is the last to remain after the 1937 flood, though there are still a couple of the concrete bases still standing.
The photos I took of the Ferry to Fulton area in April and May are nothing in comparison to flooding that occurred in parts south. This photo, taken May 6th showed the river had gone down again here, while it kicked into high gear as it flowed further south.
I was thinking that the concrete foundations were actually from older and abandoned in the 60′s water wells and pumping stations. Don’t remember any water tower there but kind of do the pumping equipment and piping. Not sure. I had prepared myself for to move all the goods in a large garage and in the basement of a house on the opposite end of town but luckily the river was probably 3 feet short of me having to move a whole lot of stuff.
I learned to watch this hydro-graph at Clifty Creek like a hawk.
http://water.weather.gov/ahps2/hydrograph.php?wfo=lmk&gage=clfi3&view=1,1,1,1,1,1,1,1&toggles=10,7,8,2,9,15,6
Maybe I should not call the structure that remains a “water tower” but there it is, whatever it is. I have recently added an old photo taken before the city lot was wiped clean in the 1937 flood. SEE “The Alamo” post. You can easily see one of the structures.