House File 564 H-1202 Amend House File 564 as follows: 1 1. Page 8, after line 14 by inserting: 2 < DIVISION ___ 3 BUDGET ADJUSTMENT 4 Sec. ___. Section 257.2, subsection 2, Code 2017, 5 is amended by striking the subsection. 6 Sec. ___. NEW SECTION . 257.14A District cost per 7 pupil equity —— budget adjustment. 8 1. The board of directors of a school district 9 with a regular program district cost per pupil that is 10 less than the highest regular program district cost 11 per pupil among all school districts in the state for 12 the same budget year that wishes to receive the budget 13 adjustment under this section may adopt a resolution 14 by May 15 preceding the budget year and shall within 15 ten days of adoption of the resolution notify the 16 department of management of the amount of the budget 17 adjustment to be received. 18 2. a. For budget years beginning on or after 19 July 1, 2017, each school district that satisfies the 20 requirements of subsection 1 shall be eligible for a 21 budget adjustment for that budget year in an amount not 22 to exceed the difference between the school district’s 23 regular program district cost per pupil and the 24 highest regular program district cost per pupil among 25 all school districts in the state multiplied by the 26 district’s budget enrollment. The resolution adopted 27 under subsection 1 may specify a budget adjustment 28 amount that is less than the maximum amount authorized 29 under this paragraph a ”. 30 b. The school district shall fund the budget 31 adjustment either by using moneys from its unexpended 32 fund balance or by using cash reserve moneys. 33 3. A budget adjustment received under this section 34 shall not affect the eligibility for or amount of any 35 -1- HF564.1520 (1) 87 md/jh 1/ 3 #1.
other budget adjustment authorized by law for the same 1 budget year. In addition, a budget adjustment under 2 this section shall be limited to the budget year for 3 which the adjustment was authorized and shall not be 4 included in any computation of a school district’s cost 5 for any future budget year. 6 Sec. ___. Section 257.34, Code 2017, is amended to 7 read as follows: 8 257.34 Cash reserve information. 9 1. If a school district receives less state school 10 foundation aid under section 257.1 than is due under 11 that section for a base year and the school district 12 uses funds from its cash reserve during the base year 13 to make up for the amount of state aid not paid, the 14 board of directors of the school district shall include 15 in its general fund budget document information about 16 the amount of the cash reserve used to replace state 17 school foundation aid not paid. 18 2. If a school district uses funds from its 19 cash reserve during the base year to fund a budget 20 adjustment under section 257.14A, the board of 21 directors of the school district shall include in its 22 general fund budget document information about the 23 amount of the cash reserve used for such purpose. 24 Sec. ___. IMPLEMENTATION. Notwithstanding the 25 deadline for adopting a resolution to approve the 26 budget adjustment in section 257.14A, subsection 1, 27 for the school budget year beginning July 1, 2017, 28 the resolution of the board of directors of a school 29 district shall be approved not later than June 10, 30 2017. 31 Sec. ___. EFFECTIVE UPON ENACTMENT. This division 32 of this Act, being deemed of immediate importance, take 33 effect upon enactment. > 34 2. Title page, line 2, by striking < expenditures 35 -2- HF564.1520 (1) 87 md/jh 2/ 3
and transfers > and inserting < expenditures, transfers, 1 and budget adjustments > 2 3. By renumbering, redesignating, and correcting 3 internal references as necessary. 4 ______________________________ WINCKLER of Scott ______________________________ KURTH of Scott ______________________________ THEDE of Scott -3- HF564.1520 (1) 87 md/jh 3/ 3 #3.