Revenues of the school district are received by the board treasurer
Revenue, from whatever source, is accounted for and classified under the official accounting system of the school district. It is the responsibility of the board treasurer to deposit the revenues received by the school district in a timely manner. School district funds from all sources will not be used for private gain or political purposes.
Tuition fees received by the school district are deposited in the general fund. The tuition fees for kindergarten through twelfth grade during the regular academic school year are set by the board based upon the superintendent's recommendation in compliance with current law. Tuition fees for summer school, driver's education and adult education are set by the board prior to the offering of the programs.
The board may charge materials fees for the use or purchase of educational materials.
Rental fees received by the school district for the rental of school district equipment or facilities are deposited in the general fund. It is the responsibility of the superintendent to recommend to the board a fee schedule for renting school district property.
Proceeds from the sale of real property are placed in the physical plant and equipment levy (PPEL) fund. However, following a properly noticed public hearing, the board of directors may elect to deposit proceeds from the sale of real property or buildings into any fund under the control of the school corporation. Notice for the public hearing must be published in a newspaper of general circulation within the district not less than ten and no more than twenty days prior to the proposed public hearing. Notice of the public hearing must include the date, time and location of the public hearing, and a description of the proposed action. The proceeds from the sale of other school district property are placed in the general fund.
The board may claim exemption from the law prohibiting competition with private enterprise for the following activities:
∙Goods and services directly and reasonably related to the educational mission;
∙Goods and services offered only to students, employees or guests which cannot be provided by private enterprise at the same or lower cost;
∙Use of vehicles for charter trips offered to the public, full- or part-time, or temporary students;
∙Goods and services which are not otherwise available in the quantity or quality required by the school district;
∙Telecommunications other than radio or television stations;
∙Sponsoring or providing facilities for fitness and recreation;
∙Food service and sales;
∙Sale of books, records, tapes, software, educational equipment, and supplies
Items displaying the emblem, mascot, or logo of the district or that otherwise promote the identity of the District and its programs if sold on district property;
Souvenirs and programs relating to events sponsored by or at the district if sold on district property; and
Goods, products or professional services which are produced, created or sold incidental to the district’s teaching, research, and extension missions.
It is the responsibility of the superintendent to bring to the board's attention additional sources of revenue for the school district.
Legal Reference: Iowa Code §§ 12C; 23A; 24.9; 257.2; 279.8; 41; 282.2, .6, .24; 291.12, 297.9-.12, .22; 301.1.
Cross Reference: 701.1 Depository of Funds
703 Budget
803 Selling and Leasing
905 Use of School District Facilities & Equipment
Approved August 15, 2022 Reviewed Revised May 20, 2024
