State Codes and Statutes
Statutes >
Iowa >
Title-7 >
Subtitle-1 >
Chapter-257 >
257-13
257.13 ON-TIME FUNDING BUDGET ADJUSTMENT.
1. For the school budget year beginning July 1, 2001, and
succeeding budget years, if a district's actual enrollment for the
budget year, determined under section 257.6, is greater than its
budget enrollment for the budget year, the district shall be eligible
to receive an on-time funding budget adjustment. The adjustment
shall be in an amount equal to the difference between the actual
enrollment for the budget year and the budget enrollment for the
budget year, multiplied by the district cost per pupil.
2. The board of directors of a school district that wishes to
receive an on-time funding budget adjustment shall adopt a resolution
to receive the adjustment and notify the school budget review
committee annually, but not earlier than November 1, as determined by
the department of education. The school budget review committee
shall establish a modified allowable growth in an amount determined
pursuant to subsection 1.
3. If the board of directors of a school district determines that
a need exists for additional funds exceeding the authorized budget
adjustment for on-time funding pursuant to this section, a request
for modified allowable growth based upon increased enrollment may be
submitted to the school budget review committee as provided in
section 257.31. Section History: Recent Form
99 Acts, ch 2, §2, 4; 2000 Acts, ch 1055, §1, 3; 2001 Acts, ch
126, §8; 2008 Acts, ch 1142, §1, 6
