House
File
2102
-
Introduced
HOUSE
FILE
2102
BY
SHEETS
,
HEARTSILL
,
SALMON
,
and
MAXWELL
A
BILL
FOR
An
Act
relating
to
school
district
spending
authority
by
1
establishing
a
district
cash
reserve
budget
adjustment.
2
BE
IT
ENACTED
BY
THE
GENERAL
ASSEMBLY
OF
THE
STATE
OF
IOWA:
3
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2102
Section
1.
Section
257.2,
subsection
2,
Code
2016,
is
1
amended
by
striking
the
subsection.
2
Sec.
2.
NEW
SECTION
.
257.14A
District
cash
reserve
budget
3
adjustment.
4
1.
The
board
of
directors
of
a
school
district
that
wishes
5
to
receive
the
budget
adjustment
under
this
section
may
adopt
a
6
resolution
by
May
15
preceding
the
budget
year
and
shall
notify
7
the
department
of
management
of
the
adoption
of
the
resolution
8
and
the
amount
of
the
budget
adjustment
to
be
received.
9
2.
a.
For
budget
years
beginning
on
or
after
July
1,
10
2017,
each
school
district
that
satisfies
the
requirements
of
11
subsection
1
shall
be
eligible
for
a
budget
adjustment
for
12
that
budget
year
in
an
amount
not
to
exceed
an
amount
equal
to
13
the
district’s
budget
enrollment
multiplied
by
the
quotient
14
obtained
by
dividing
the
sum
of
the
maximum
amount
of
the
cash
15
reserve
levy
available
to
each
school
district
in
the
state
as
16
determined
under
section
298.10,
subsection
3,
for
the
budget
17
year
by
the
statewide
budget
enrollment
for
the
base
year.
18
b.
The
resolution
adopted
under
subsection
1
may
specify
19
a
budget
adjustment
amount
that
is
less
than
the
amount
20
authorized
under
paragraph
“a”
.
21
c.
The
school
district
shall
fund
the
budget
adjustment
22
increase
either
by
using
moneys
from
its
unexpended
fund
23
balance
or
by
using
cash
reserve
moneys
subject
to
the
24
limitation
in
section
298.10.
25
3.
A
budget
adjustment
received
under
this
section
shall
26
not
affect
the
eligibility
for
or
amount
of
any
other
budget
27
adjustment
authorized
by
law
for
the
same
budget
year.
In
28
addition,
a
budget
adjustment
under
this
section
shall
be
29
limited
to
the
budget
year
for
which
the
adjustment
was
30
authorized
and
shall
not
be
included
in
any
computation
of
a
31
school
district’s
cost
for
any
future
budget
year.
32
EXPLANATION
33
The
inclusion
of
this
explanation
does
not
constitute
agreement
with
34
the
explanation’s
substance
by
the
members
of
the
general
assembly.
35
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2102
This
bill
establishes
a
district
cash
reserve
budget
1
adjustment.
The
board
of
directors
of
a
school
district
that
2
wishes
to
receive
the
budget
adjustment
under
the
bill
may
3
adopt
a
resolution
by
May
15
preceding
the
budget
year
and
4
shall
notify
the
department
of
management
of
the
adoption
of
5
the
resolution
and
the
amount
of
the
budget
adjustment
to
be
6
received.
7
For
budget
years
beginning
on
or
after
July
1,
2017,
each
8
school
district
that
adopts
the
required
resolution
shall
be
9
eligible
for
a
budget
adjustment
for
that
budget
year
in
an
10
amount
not
to
exceed
an
amount
equal
to
the
district’s
budget
11
enrollment
multiplied
by
the
quotient
obtained
by
dividing
the
12
sum
of
the
maximum
amount
of
the
cash
reserve
levy
available
13
to
each
school
district
in
the
state
as
determined
under
Code
14
section
298.10(3)
for
the
budget
year
by
the
statewide
budget
15
enrollment
for
the
base
year.
16
The
bill
provides
that
the
budget
adjustment
resolution
may
17
specify
a
budget
adjustment
amount
that
is
less
than
the
amount
18
authorized
in
the
bill.
The
school
district
is
required
to
19
fund
the
budget
adjustment
increase
either
by
using
moneys
from
20
its
unexpended
fund
balance
or
by
using
cash
reserve
moneys
21
subject
to
the
cash
reserve
levy
limitation
in
Code
section
22
298.10.
23
The
bill
specifies
that
the
budget
adjustment
received
does
24
not
affect
the
eligibility
for
or
amount
of
any
other
budget
25
adjustment
authorized
by
law
for
the
same
budget
year
and
that
26
the
budget
adjustment
under
the
bill
is
limited
to
the
budget
27
year
for
which
the
adjustment
was
authorized
and
shall
not
be
28
included
in
any
computation
of
a
school
district’s
cost
for
any
29
future
budget
year.
30
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