TRANSFER OF FUNDS
When the necessity for a fund has ceased to exist, the balance may be transferred to another fund or account by board resolution. School district monies received without a designated purpose may be transferred in this manner. School district monies received for a specific purpose or upon vote of the people may only be transferred, by board resolution when the purpose for which the monies were received has been completed. Voter approval is required to transfer monies to the general fund from the capital projects fund and debt service fund.
It shall be the responsibility of the board secretary to make recommendation to the board regarding transfers and to provide the documentation justifying the transfer.
Legal Reference: Iowa Code §§ 24.21-.22; 279.8; 298A (1997)
Cross Reference: 701.3 Financial Records
Adopted: February 10,1986
Reviewed: March 8, 1999
July 19, 2004
February , 2009
February 17, 2014
Revised: December 8, 1997