The district recognizes the importance and value of fulfilling timely reporting requirements. Regularly providing updated financial information assists the school board in making informed decisions for the future financial health of the district.
Annually, after August 31st 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 district fund. This report is in written form and sent to the board with the agenda for the board meeting. The board treasurer will also furnish the board with a statement from each depository showing the balance then on deposit. It is the responsibility of the board 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 each month. The report will be included in the agenda for the board meeting, showing the beginning balance, receipts, disbursements, and ending balances of each 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 district in a newspaper published within the district or, if none, in a newspaper of general circulation within the district.
Adopted: 6/70
Reviewed: 10/12; 12/13; 5/15; 12/18; 1/22
Revised: 7/10; 3/25; 11/26
Legal Reference (Code of Iowa): §§ 279; .33, .36; 291.7; 618
IASB Reference: 707.01