Iowa Administrative Code › Agency 281 - Education Department › Title XVI - School Facilities › Chapter 98 - Supplementary Weighting › Rule 281-98.61 - General Fund

Current through Register Vol. 47, No. 3, July 24, 2024
All moneys received by a school corporation from taxes and
				  other sources will be accounted for in the general fund, except moneys required
				  by law to be accounted for in another fund. If another fund specifically lists
				  an expenditure to that other fund, it is assumed not to be appropriate to the
				  general fund unless statute expressly states that it is an appropriate general
				  fund expenditure. Each school district and each area education agency will have
				  only one general fund.
(1)
Sources of revenue in the general fund.
Sources of revenue in
				the general fund include all moneys not required by law to be accounted for in
				another fund and interest on the investment of those moneys. Proceeds from the
				sale or disposition of property other than real property, proceeds from the
				lease of real or other property, compensation or rent received for the use of
				school property, sales of school supplies, and sales or rentals of textbooks
				will be accounted for in the general fund. Proceeds for loans for equipment
				pursuant to Iowa Code section
				279.48, federal loans for
				asbestos projects pursuant to Iowa Code section
				279.52, or loans for energy
				conservation projects pursuant to Iowa Code section
				473.20 may be accounted for in
				the general fund. Any revenue or receipt described in law as "miscellaneous
				income" or related to the modified supplemental amount is restricted to the
				general fund.
(2)
Appropriate uses of the general fund.
Appropriate expenditures
				in the general fund include the following:
a.
				Providing day-to-day operations to the district or area education agency, such
				as salaries, employee benefits, purchased services, supplies, and expenditures
				for instructional equipment.
b.
				Purchasing school buses from unobligated funds on hand.
c. Establishing and maintaining dental
				clinics for children and offering courses of instruction on oral
				hygiene.
d. Employing public health
				nurses.
e. Funding insurance
				agreements if the district has not certified a district management
				levy.
f. Purchasing books and other
				supplies to be loaned, rented, or sold at cost to students.
g. Purchasing safety eye-protective devices
				and safety ear-protective devices.
h. Purchasing bonds and premiums for bonds
				for employees who have custody of funds belonging to the school district or
				area education agency or funds derived from extracurricular activities and
				other sources in the conduct of their duties.
i. Paying assessed costs related to changes
				in boundaries, reorganization, or dissolution.
j. Publishing the notices and estimates and
				the actual and necessary expenses of preparing the budget.
k. Engraving and printing school bonds, in
				the case of a school district.
l.
				Transferring interest and principal to the debt service fund when due for loans
				to purchase equipment authorized under Iowa Code section
				279.48 and loans to be used for
				energy conservation measures under Iowa Code section
				473.20, in the case of a school
				district, where the original proceeds were accounted for in the general
				fund.
m. Transferring interest and
				principal to the debt service fund when due for lease purchase agreements
				related to capital projects authorized under Iowa Code section 273.3(7), in the
				case of an area education agency.
n. Funding asbestos projects including the
				costs of inspection and reinspection, sampling, analysis, assessment, response
				actions, operations and maintenance, training, periodic surveillance, and
				developing of management plans and record-keeping requirements relating to the
				presence of asbestos in school buildings and its removal or encapsulation as
				authorized by the school budget review committee in the case of a school
				district.
o. Funding energy
				conservation projects entered into with the department of natural resources or
				its duly authorized agents or representatives pursuant to Iowa Code section
				473.20, in the case of a school district.
p. Transferring to a capital projects fund as
				authorized by the school budget review committee, in the case of a school
				district.
q. Transferring to a
				capital projects fund as funds are due to be expended on a capital project
				authorized under Iowa Code section
				273.3(7), in
				the case of an area education agency.
r. Start-up costs, other than land purchase,
				for the first year of a new student construction program.
s. Beginning with the budget year beginning
				July 1, 2016, transferring, by board resolution, to the student activity fund
				an amount necessary to purchase or, beginning with the budget year beginning
				July 1, 2018, recondition protective and safety equipment required for any
				extracurricular interscholastic athletic contest or competition that is
				sponsored or administered by an organization as defined in Iowa Code section
				280.13, as allowed under Iowa
				Code section 298A.2 pursuant to Iowa Code
				section 298A.8(2).
t. Paying any other costs not required to be
				accounted for in another fund.
u.
				Paying for costs of activity programming required pursuant to rule
				281-12.6 (256) from funds other
				than those required to be accounted for in the student activity fund pursuant
				to Iowa Code section 298A.8.