Iowa Code § 298A.1
Effective date
This chapter establishes the fund structure which shall be used by school districts commencing with the school budget year which begins on July 1, 1995.
Iowa Code Chapter 298A — School District Fund Structure
Iowa · statute · Iowa Code ch. 298A · 14 active provisions
Provisions
Iowa Code § 298A.2
General fund flexibility account
1. All moneys received by a school corporation from taxes and other sources must be accounted for in the general fund, except moneys required by law to be accounted for in another fund. 2. a. A flexibility account shall be established in the general fund of each school corporation if the school corporation has authoriz…
Iowa Code § 298A.3
District management levy fund
The district management levy fund is a special revenue fund. A district management levy fund must be established in any school corporation which levies the tax authorized under section 298.4.
Iowa Code § 298A.4
Physical plant and equipment levy fund
The physical plant and equipment levy fund is a capital project fund. A physical plant and equipment levy fund must be established in any school corporation which levies the tax authorized, whether regular or voter-approved, under section 298.2.
Iowa Code § 298A.6
Public education and recreation levy fund
The public education and recreation levy fund is a special revenue fund. A public education and recreation levy fund must be established in any school corporation which levies the tax authorized under section 300.2 or which receives revenue from a chapter 28E agreement authorized under section 300.1.
Iowa Code § 298A.7
Library levy fund
The library levy fund is a special revenue fund. A library levy fund must be established in any school corporation which levies the tax authorized under section 298.7.
Iowa Code § 298A.8
Student activity fund
1. The student activity fund is a special revenue fund. A student activity fund must be established in any school corporation receiving money from student-related activities such as admissions, activity fees, student dues, student fundraising events, or other student-related cocurricular or extracurricular activities.…
Iowa Code § 298A.9
Capital project funds
A capital project fund must be established in any school corporation which issues bonds or other authorized indebtedness for capital projects or which initiates a capital project, or which receives grants or other funds for capital projects. Boards are authorized to establish more than one capital project fund as neces…
Iowa Code § 298A.10
Debt service fund
A debt service fund must be established in any school corporation which issues bonds or other authorized indebtedness. The debt service fund shall be used to pay interest as it becomes due and the amount necessary to pay the principal when due on bonds or other authorized indebtedness issued by the district, and to mak…
Iowa Code § 298A.11
School nutrition fund
A school nutrition fund is an enterprise fund. A school nutrition fund must be established in any school corporation receiving moneys from the school meal program authorized under chapter 283A.
Iowa Code § 298A.12
Child care fund
1. A child care fund is an enterprise fund. A child care fund must be established in any school corporation receiving moneys from the child care program authorized under section 279.49. 2. If the sum of the fees collected under section 279.49 for participation in a before and after school program and other moneys depos…
Iowa Code § 298A.13
Trust, permanent, or custodial funds
Trust, permanent, or custodial funds shall be established by any school corporation to account for gifts it receives to be used for a particular purpose or to account for money and property received and administered by the district as trustee or custodian or in the capacity of an agent. Boards may establish trust, perm…
Iowa Code § 298A.14
Other funds
A school corporation may establish other funds in accordance with generally accepted accounting principles and may certify other taxes to be levied for the funds as provided by state law. The status of each fund must be included in the annual report. The treasurer shall keep a separate account for each fund, and shall…
Iowa Code § 298A.15
Entrepreneurial education funds
1Funds established purposes. For the purposes of enhancing student learning by encouraging students to develop and practice entrepreneurial skills at an early age and of fostering a business-ready workforce in this state, a school corporation may establish an entrepreneurial education fund at the request of a student o…