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5 this section. 6 2. The board of directors shall submit, to the 7 department of education by June 30 of the preceding 8 school year, on a form provided by the department of 9 education, assurances that the school improvement plan 10 was developed pursuant to subsection 1 and that the 11 district will comply with subsection 3 of this 12 section. 13 3. The board of directors of each school district 14 and each school participating in a school improvement 15 plan shall report to their respective constituents on 16 student progress toward meeting the identified goals 17 for their district. The report submitted under this 18 subsection may be used to meet the reporting 19 requirements of section 280.18 if the provisions of 20 this subsection and section 280.18 are met. 21 4. Provisions of school improvement plans 22 involving compensation shall be consistent with 23 current collective bargaining agreements. 24 Sec. 4. NEW SECTION. 295.4 SCHOOL IMPROVEMENT 25 FUND. 26 A school improvement fund is established in the 27 office of treasurer of state to be administered by the 28 department of education. Moneys appropriated by the 29 general assembly for deposit in the fund shall be paid 30 to school districts pursuant to the requirements of 31 this chapter. Moneys received by school districts and 32 area education agencies may be used to compensate 33 school level instructional staff and school service 34 personnel for performance of additional instructional 35 or noninstructional duties beyond the regular 36 instructional or noninstructional duties. 37 Notwithstanding section 8.33, any balance in the fund 38 on June 30 of any fiscal year shall not revert to the 39 general fund of the state. 40 Sec. 5. NEW SECTION. 295.5 ALLOCATIONS AND 41 PAYMENTS. 42 1. The amount of moneys allocated from the school 43 improvement fund to each school district for each 44 fiscal year shall be based upon the proportion that 45 the basic enrollment of the district for a budget year 46 as defined under section 257.6 bears to the sum of the 47 basic enrollments of all districts in the state for 48 that budget year. 49 2. Commencing with the school year beginning July 50 1, 1995, and annually for each subsequent four-year Page 3 1 period, the department of education shall notify the 2 department of revenue and finance of the amount of 3 school improvement money to be paid to each school 4 district. Payments shall be made by the department of 5 revenue and finance on a monthly basis commencing on
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