The school district recognizes the importance and value of fulfilling timely reporting requirements. Regularly providing updated financial information assists the Board of Directors in making informed decisions for the future financial health of the school district.
Annually, after August 31 of each year and before the organizational meeting,, the Treasurer will give the annual report stating the beginning balance, disbursements, revenues received, and ending balances in each school district fund. This report is in written form and sent to the Board with the agenda for the board meeting. The Treasurer will also furnish the board with a statement from each depository showing the balance then on deposit. It is the responsibility of the treasurer to submit this report to the board annually.
The Board Secretary, in coordination with the Treasurer, will provide a written report to the Board of Directors each month. The report will be included in the agenda for the Board of Directors meeting, showing the beginning balance, receipts, disbursements and ending balances of each school district fund.
Following board approval, the Board Secretary will timely publish each month the schedule of bills allowed by the Board and will annually publish the total salaries paid to the employees regularly employed by the school district in a newspaper published within the school district or, if none, in a newspaper of general circulation within the school district.
Legal Reference: Iowa Code 279; 291.7; 618
Cross Reference: 206.3 Secretary
210.1 Annual Meeting
707 Fiscal Reports
Approved: 7/18/95
Reviewed: 12/13/01; 12/12/07; 12/14/11; 6/12/19
Revised: 12/13/01; 4/17/24