State Codes and Statutes

        257.14  BUDGET ADJUSTMENT.
         1.  For the budget year commencing July 1, 2001, if the department
      of management determines that the regular program district cost of a
      school district for a budget year is less than the total of the
      regular program district cost plus any adjustment added under this
      section for the base year for that school district, the school
      district shall be eligible to receive a budget adjustment for that
      district for that budget year up to an amount equal to the
      difference.  The board of directors of a school district that wishes
      to receive a budget adjustment pursuant to this subsection shall,
      notwithstanding the public notice and hearing provisions of chapter
      24 or any other provision to the contrary, within thirty days
      following May 9, 2001, adopt a resolution to receive the budget
      adjustment and immediately notify the department of management of the
      adoption of the resolution and the amount of the budget adjustment to
      be received.
         2.  For the budget years commencing July 1, 2002, and July 1,
      2003, if the department of management determines that the regular
      program district cost of a school district for a budget year is less
      than the total of the regular program district cost plus any
      adjustment added under this section for the base year for that school
      district, the school district shall be eligible to receive a budget
      adjustment for that district for that budget year up to an amount
      equal to the difference.  The board of directors of a school district
      that wishes to receive a budget adjustment pursuant to this
      subsection shall adopt a resolution to receive the budget adjustment
      by May 15, annually, and shall notify the department of management of
      the adoption of the resolution and the amount of the budget
      adjustment to be received.
         3. a.  For the budget year commencing July 1, 2004, and
      succeeding budget years, a district shall be eligible for a budget
      adjustment corresponding to the following schedule:
         (1)  For the budget year commencing July 1, 2004, the greater of
      the difference between the regular program district cost for the
      budget year and one hundred one percent of the regular program
      district cost for the base year, or ninety percent of the amount by
      which the budget guarantee as calculated for the budget year
      beginning July 1, 2003, exceeds the adjusted guarantee amount.  For
      purposes of this subparagraph, the "adjusted guarantee amount"
      means the amount which would be applicable for the budget year
      beginning July 1, 2004, if the budget guarantee were determined for
      that budget year as calculated for the budget year beginning July 1,
      2003.
         (2)  For the budget year commencing July 1, 2005, the greater of
      the difference between the regular program district cost for the
      budget year and one hundred one percent of the regular program
      district cost for the base year, or eighty percent of the amount by
      which the budget guarantee as calculated for the budget year
      beginning July 1, 2003, exceeds the adjusted guarantee amount.  For
      purposes of this subparagraph, the "adjusted guarantee amount"
      means the amount which would be applicable for the budget year
      beginning July 1, 2005, if the budget guarantee were determined for
      that budget year as calculated for the budget year beginning July 1,
      2003.
         (3)  For the budget year commencing July 1, 2006, the greater of
      the difference between the regular program district cost for the
      budget year and one hundred one percent of the regular program
      district cost for the base year, or seventy percent of the amount by
      which the budget guarantee as calculated for the budget year
      beginning July 1, 2003, exceeds the adjusted guarantee amount.  For
      purposes of this subparagraph, the "adjusted guarantee amount"
      means the amount which would be applicable for the budget year
      beginning July 1, 2006, if the budget guarantee were determined for
      that budget year as calculated for the budget year beginning July 1,
      2003.
         (4)  For the budget year commencing July 1, 2007, the greater of
      the difference between the regular program district cost for the
      budget year and one hundred one percent of the regular program
      district cost for the base year, or sixty percent of the amount by
      which the budget guarantee as calculated for the budget year
      beginning July 1, 2003, exceeds the adjusted guarantee amount.  For
      purposes of this subparagraph, the "adjusted guarantee amount"
      means the amount which would be applicable for the budget year
      beginning July 1, 2007, if the budget guarantee were determined for
      that budget year as calculated for the budget year beginning July 1,
      2003.
         (5)  For the budget year commencing July 1, 2008, the greater of
      the difference between the regular program district cost for the
      budget year and one hundred one percent of the regular program
      district cost for the base year, or fifty percent of the amount by
      which the budget guarantee as calculated for the budget year
      beginning July 1, 2003, exceeds the adjusted guarantee amount.  For
      purposes of this subparagraph, the "adjusted guarantee amount"
      means the amount which would be applicable for the budget year
      beginning July 1, 2008, if the budget guarantee were determined for
      that budget year as calculated for the budget year beginning July 1,
      2003.
         (6)  For the budget year commencing July 1, 2009, the greater of
      the difference between the regular program district cost for the
      budget year and one hundred one percent of the regular program
      district cost for the base year, or forty percent of the amount by
      which the budget guarantee as calculated for the budget year
      beginning July 1, 2003, exceeds the adjusted guarantee amount.  For
      purposes of this subparagraph, the "adjusted guarantee amount"
      means the amount which would be applicable for the budget year
      beginning July 1, 2009, if the budget guarantee were determined for
      that budget year as calculated for the budget year beginning July 1,
      2003.
         (7)  For the budget year commencing July 1, 2010, the greater of
      the difference between the regular program district cost for the
      budget year and one hundred one percent of the regular program
      district cost for the base year, or thirty percent of the amount by
      which the budget guarantee as calculated for the budget year
      beginning July 1, 2003, exceeds the adjusted guarantee amount.  For
      purposes of this subparagraph, the "adjusted guarantee amount"
      means the amount which would be applicable for the budget year
      beginning July 1, 2010, if the budget guarantee were determined for
      that budget year as calculated for the budget year beginning July 1,
      2003.
         (8)  For the budget year commencing July 1, 2011, the greater of
      the difference between the regular program district cost for the
      budget year and one hundred one percent of the regular program
      district cost for the base year, or twenty percent of the amount by
      which the budget guarantee as calculated for the budget year
      beginning July 1, 2003, exceeds the adjusted guarantee amount.  For
      purposes of this subparagraph, the "adjusted guarantee amount"
      means the amount which would be applicable for the budget year
      beginning July 1, 2011, if the budget guarantee were determined for
      that budget year as calculated for the budget year beginning July 1,
      2003.
         (9)  For the budget year commencing July 1, 2012, the greater of
      the difference between the regular program district cost for the
      budget year and one hundred one percent of the regular program
      district cost for the base year, or ten percent of the amount by
      which the budget guarantee as calculated for the budget year
      beginning July 1, 2003, exceeds the adjusted guarantee amount.  For
      purposes of this subparagraph, the "adjusted guarantee amount"
      means the amount which would be applicable for the budget year
      beginning July 1, 2012, if the budget guarantee were determined for
      that budget year as calculated for the budget year beginning July 1,
      2003.
         (10)  For the budget year commencing July 1, 2013, and each budget
      year thereafter, the difference between the regular program district
      cost for the budget year and one hundred one percent of the regular
      program district cost for the base year.
         b.  The board of directors of a school district that wishes to
      receive a budget adjustment pursuant to this subsection shall adopt a
      resolution to receive the budget adjustment by May 15, annually, and
      shall notify the department of management of the adoption of the
      resolution and the amount of the budget adjustment to be received.
      

         89 Acts, ch 135, § 14; 90 Acts, ch 1190, § 8; 92 Acts, ch 1230,
      §6; 93 Acts, ch 179, § 17; 95 Acts, ch 130, §2; 97 Acts, ch 18, §1,
      2; 99 Acts, ch 2, §3, 4; 2000 Acts, ch 1055, §2, 3; 2001 Acts, ch
      126, §9--12; 2002 Acts, ch 1050, §59, 65; 2002 Acts, ch 1140, §9, 10,
      47; 2004 Acts, ch 1175, §235, 287; 2005 Acts, ch 179, §58; 2008 Acts,
      ch 1142, §2, 3, 6
         Referred to in § 257.1, 257.8, 257.19

State Codes and Statutes

        257.14  BUDGET ADJUSTMENT.
         1.  For the budget year commencing July 1, 2001, if the department
      of management determines that the regular program district cost of a
      school district for a budget year is less than the total of the
      regular program district cost plus any adjustment added under this
      section for the base year for that school district, the school
      district shall be eligible to receive a budget adjustment for that
      district for that budget year up to an amount equal to the
      difference.  The board of directors of a school district that wishes
      to receive a budget adjustment pursuant to this subsection shall,
      notwithstanding the public notice and hearing provisions of chapter
      24 or any other provision to the contrary, within thirty days
      following May 9, 2001, adopt a resolution to receive the budget
      adjustment and immediately notify the department of management of the
      adoption of the resolution and the amount of the budget adjustment to
      be received.
         2.  For the budget years commencing July 1, 2002, and July 1,
      2003, if the department of management determines that the regular
      program district cost of a school district for a budget year is less
      than the total of the regular program district cost plus any
      adjustment added under this section for the base year for that school
      district, the school district shall be eligible to receive a budget
      adjustment for that district for that budget year up to an amount
      equal to the difference.  The board of directors of a school district
      that wishes to receive a budget adjustment pursuant to this
      subsection shall adopt a resolution to receive the budget adjustment
      by May 15, annually, and shall notify the department of management of
      the adoption of the resolution and the amount of the budget
      adjustment to be received.
         3. a.  For the budget year commencing July 1, 2004, and
      succeeding budget years, a district shall be eligible for a budget
      adjustment corresponding to the following schedule:
         (1)  For the budget year commencing July 1, 2004, the greater of
      the difference between the regular program district cost for the
      budget year and one hundred one percent of the regular program
      district cost for the base year, or ninety percent of the amount by
      which the budget guarantee as calculated for the budget year
      beginning July 1, 2003, exceeds the adjusted guarantee amount.  For
      purposes of this subparagraph, the "adjusted guarantee amount"
      means the amount which would be applicable for the budget year
      beginning July 1, 2004, if the budget guarantee were determined for
      that budget year as calculated for the budget year beginning July 1,
      2003.
         (2)  For the budget year commencing July 1, 2005, the greater of
      the difference between the regular program district cost for the
      budget year and one hundred one percent of the regular program
      district cost for the base year, or eighty percent of the amount by
      which the budget guarantee as calculated for the budget year
      beginning July 1, 2003, exceeds the adjusted guarantee amount.  For
      purposes of this subparagraph, the "adjusted guarantee amount"
      means the amount which would be applicable for the budget year
      beginning July 1, 2005, if the budget guarantee were determined for
      that budget year as calculated for the budget year beginning July 1,
      2003.
         (3)  For the budget year commencing July 1, 2006, the greater of
      the difference between the regular program district cost for the
      budget year and one hundred one percent of the regular program
      district cost for the base year, or seventy percent of the amount by
      which the budget guarantee as calculated for the budget year
      beginning July 1, 2003, exceeds the adjusted guarantee amount.  For
      purposes of this subparagraph, the "adjusted guarantee amount"
      means the amount which would be applicable for the budget year
      beginning July 1, 2006, if the budget guarantee were determined for
      that budget year as calculated for the budget year beginning July 1,
      2003.
         (4)  For the budget year commencing July 1, 2007, the greater of
      the difference between the regular program district cost for the
      budget year and one hundred one percent of the regular program
      district cost for the base year, or sixty percent of the amount by
      which the budget guarantee as calculated for the budget year
      beginning July 1, 2003, exceeds the adjusted guarantee amount.  For
      purposes of this subparagraph, the "adjusted guarantee amount"
      means the amount which would be applicable for the budget year
      beginning July 1, 2007, if the budget guarantee were determined for
      that budget year as calculated for the budget year beginning July 1,
      2003.
         (5)  For the budget year commencing July 1, 2008, the greater of
      the difference between the regular program district cost for the
      budget year and one hundred one percent of the regular program
      district cost for the base year, or fifty percent of the amount by
      which the budget guarantee as calculated for the budget year
      beginning July 1, 2003, exceeds the adjusted guarantee amount.  For
      purposes of this subparagraph, the "adjusted guarantee amount"
      means the amount which would be applicable for the budget year
      beginning July 1, 2008, if the budget guarantee were determined for
      that budget year as calculated for the budget year beginning July 1,
      2003.
         (6)  For the budget year commencing July 1, 2009, the greater of
      the difference between the regular program district cost for the
      budget year and one hundred one percent of the regular program
      district cost for the base year, or forty percent of the amount by
      which the budget guarantee as calculated for the budget year
      beginning July 1, 2003, exceeds the adjusted guarantee amount.  For
      purposes of this subparagraph, the "adjusted guarantee amount"
      means the amount which would be applicable for the budget year
      beginning July 1, 2009, if the budget guarantee were determined for
      that budget year as calculated for the budget year beginning July 1,
      2003.
         (7)  For the budget year commencing July 1, 2010, the greater of
      the difference between the regular program district cost for the
      budget year and one hundred one percent of the regular program
      district cost for the base year, or thirty percent of the amount by
      which the budget guarantee as calculated for the budget year
      beginning July 1, 2003, exceeds the adjusted guarantee amount.  For
      purposes of this subparagraph, the "adjusted guarantee amount"
      means the amount which would be applicable for the budget year
      beginning July 1, 2010, if the budget guarantee were determined for
      that budget year as calculated for the budget year beginning July 1,
      2003.
         (8)  For the budget year commencing July 1, 2011, the greater of
      the difference between the regular program district cost for the
      budget year and one hundred one percent of the regular program
      district cost for the base year, or twenty percent of the amount by
      which the budget guarantee as calculated for the budget year
      beginning July 1, 2003, exceeds the adjusted guarantee amount.  For
      purposes of this subparagraph, the "adjusted guarantee amount"
      means the amount which would be applicable for the budget year
      beginning July 1, 2011, if the budget guarantee were determined for
      that budget year as calculated for the budget year beginning July 1,
      2003.
         (9)  For the budget year commencing July 1, 2012, the greater of
      the difference between the regular program district cost for the
      budget year and one hundred one percent of the regular program
      district cost for the base year, or ten percent of the amount by
      which the budget guarantee as calculated for the budget year
      beginning July 1, 2003, exceeds the adjusted guarantee amount.  For
      purposes of this subparagraph, the "adjusted guarantee amount"
      means the amount which would be applicable for the budget year
      beginning July 1, 2012, if the budget guarantee were determined for
      that budget year as calculated for the budget year beginning July 1,
      2003.
         (10)  For the budget year commencing July 1, 2013, and each budget
      year thereafter, the difference between the regular program district
      cost for the budget year and one hundred one percent of the regular
      program district cost for the base year.
         b.  The board of directors of a school district that wishes to
      receive a budget adjustment pursuant to this subsection shall adopt a
      resolution to receive the budget adjustment by May 15, annually, and
      shall notify the department of management of the adoption of the
      resolution and the amount of the budget adjustment to be received.
      

         89 Acts, ch 135, § 14; 90 Acts, ch 1190, § 8; 92 Acts, ch 1230,
      §6; 93 Acts, ch 179, § 17; 95 Acts, ch 130, §2; 97 Acts, ch 18, §1,
      2; 99 Acts, ch 2, §3, 4; 2000 Acts, ch 1055, §2, 3; 2001 Acts, ch
      126, §9--12; 2002 Acts, ch 1050, §59, 65; 2002 Acts, ch 1140, §9, 10,
      47; 2004 Acts, ch 1175, §235, 287; 2005 Acts, ch 179, §58; 2008 Acts,
      ch 1142, §2, 3, 6
         Referred to in § 257.1, 257.8, 257.19

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State Codes and Statutes

Statutes > Iowa > Title-7 > Subtitle-1 > Chapter-257 > 257-14

        257.14  BUDGET ADJUSTMENT.
         1.  For the budget year commencing July 1, 2001, if the department
      of management determines that the regular program district cost of a
      school district for a budget year is less than the total of the
      regular program district cost plus any adjustment added under this
      section for the base year for that school district, the school
      district shall be eligible to receive a budget adjustment for that
      district for that budget year up to an amount equal to the
      difference.  The board of directors of a school district that wishes
      to receive a budget adjustment pursuant to this subsection shall,
      notwithstanding the public notice and hearing provisions of chapter
      24 or any other provision to the contrary, within thirty days
      following May 9, 2001, adopt a resolution to receive the budget
      adjustment and immediately notify the department of management of the
      adoption of the resolution and the amount of the budget adjustment to
      be received.
         2.  For the budget years commencing July 1, 2002, and July 1,
      2003, if the department of management determines that the regular
      program district cost of a school district for a budget year is less
      than the total of the regular program district cost plus any
      adjustment added under this section for the base year for that school
      district, the school district shall be eligible to receive a budget
      adjustment for that district for that budget year up to an amount
      equal to the difference.  The board of directors of a school district
      that wishes to receive a budget adjustment pursuant to this
      subsection shall adopt a resolution to receive the budget adjustment
      by May 15, annually, and shall notify the department of management of
      the adoption of the resolution and the amount of the budget
      adjustment to be received.
         3. a.  For the budget year commencing July 1, 2004, and
      succeeding budget years, a district shall be eligible for a budget
      adjustment corresponding to the following schedule:
         (1)  For the budget year commencing July 1, 2004, the greater of
      the difference between the regular program district cost for the
      budget year and one hundred one percent of the regular program
      district cost for the base year, or ninety percent of the amount by
      which the budget guarantee as calculated for the budget year
      beginning July 1, 2003, exceeds the adjusted guarantee amount.  For
      purposes of this subparagraph, the "adjusted guarantee amount"
      means the amount which would be applicable for the budget year
      beginning July 1, 2004, if the budget guarantee were determined for
      that budget year as calculated for the budget year beginning July 1,
      2003.
         (2)  For the budget year commencing July 1, 2005, the greater of
      the difference between the regular program district cost for the
      budget year and one hundred one percent of the regular program
      district cost for the base year, or eighty percent of the amount by
      which the budget guarantee as calculated for the budget year
      beginning July 1, 2003, exceeds the adjusted guarantee amount.  For
      purposes of this subparagraph, the "adjusted guarantee amount"
      means the amount which would be applicable for the budget year
      beginning July 1, 2005, if the budget guarantee were determined for
      that budget year as calculated for the budget year beginning July 1,
      2003.
         (3)  For the budget year commencing July 1, 2006, the greater of
      the difference between the regular program district cost for the
      budget year and one hundred one percent of the regular program
      district cost for the base year, or seventy percent of the amount by
      which the budget guarantee as calculated for the budget year
      beginning July 1, 2003, exceeds the adjusted guarantee amount.  For
      purposes of this subparagraph, the "adjusted guarantee amount"
      means the amount which would be applicable for the budget year
      beginning July 1, 2006, if the budget guarantee were determined for
      that budget year as calculated for the budget year beginning July 1,
      2003.
         (4)  For the budget year commencing July 1, 2007, the greater of
      the difference between the regular program district cost for the
      budget year and one hundred one percent of the regular program
      district cost for the base year, or sixty percent of the amount by
      which the budget guarantee as calculated for the budget year
      beginning July 1, 2003, exceeds the adjusted guarantee amount.  For
      purposes of this subparagraph, the "adjusted guarantee amount"
      means the amount which would be applicable for the budget year
      beginning July 1, 2007, if the budget guarantee were determined for
      that budget year as calculated for the budget year beginning July 1,
      2003.
         (5)  For the budget year commencing July 1, 2008, the greater of
      the difference between the regular program district cost for the
      budget year and one hundred one percent of the regular program
      district cost for the base year, or fifty percent of the amount by
      which the budget guarantee as calculated for the budget year
      beginning July 1, 2003, exceeds the adjusted guarantee amount.  For
      purposes of this subparagraph, the "adjusted guarantee amount"
      means the amount which would be applicable for the budget year
      beginning July 1, 2008, if the budget guarantee were determined for
      that budget year as calculated for the budget year beginning July 1,
      2003.
         (6)  For the budget year commencing July 1, 2009, the greater of
      the difference between the regular program district cost for the
      budget year and one hundred one percent of the regular program
      district cost for the base year, or forty percent of the amount by
      which the budget guarantee as calculated for the budget year
      beginning July 1, 2003, exceeds the adjusted guarantee amount.  For
      purposes of this subparagraph, the "adjusted guarantee amount"
      means the amount which would be applicable for the budget year
      beginning July 1, 2009, if the budget guarantee were determined for
      that budget year as calculated for the budget year beginning July 1,
      2003.
         (7)  For the budget year commencing July 1, 2010, the greater of
      the difference between the regular program district cost for the
      budget year and one hundred one percent of the regular program
      district cost for the base year, or thirty percent of the amount by
      which the budget guarantee as calculated for the budget year
      beginning July 1, 2003, exceeds the adjusted guarantee amount.  For
      purposes of this subparagraph, the "adjusted guarantee amount"
      means the amount which would be applicable for the budget year
      beginning July 1, 2010, if the budget guarantee were determined for
      that budget year as calculated for the budget year beginning July 1,
      2003.
         (8)  For the budget year commencing July 1, 2011, the greater of
      the difference between the regular program district cost for the
      budget year and one hundred one percent of the regular program
      district cost for the base year, or twenty percent of the amount by
      which the budget guarantee as calculated for the budget year
      beginning July 1, 2003, exceeds the adjusted guarantee amount.  For
      purposes of this subparagraph, the "adjusted guarantee amount"
      means the amount which would be applicable for the budget year
      beginning July 1, 2011, if the budget guarantee were determined for
      that budget year as calculated for the budget year beginning July 1,
      2003.
         (9)  For the budget year commencing July 1, 2012, the greater of
      the difference between the regular program district cost for the
      budget year and one hundred one percent of the regular program
      district cost for the base year, or ten percent of the amount by
      which the budget guarantee as calculated for the budget year
      beginning July 1, 2003, exceeds the adjusted guarantee amount.  For
      purposes of this subparagraph, the "adjusted guarantee amount"
      means the amount which would be applicable for the budget year
      beginning July 1, 2012, if the budget guarantee were determined for
      that budget year as calculated for the budget year beginning July 1,
      2003.
         (10)  For the budget year commencing July 1, 2013, and each budget
      year thereafter, the difference between the regular program district
      cost for the budget year and one hundred one percent of the regular
      program district cost for the base year.
         b.  The board of directors of a school district that wishes to
      receive a budget adjustment pursuant to this subsection shall adopt a
      resolution to receive the budget adjustment by May 15, annually, and
      shall notify the department of management of the adoption of the
      resolution and the amount of the budget adjustment to be received.
      

         Section History: Recent Form

         89 Acts, ch 135, § 14; 90 Acts, ch 1190, § 8; 92 Acts, ch 1230,
      §6; 93 Acts, ch 179, § 17; 95 Acts, ch 130, §2; 97 Acts, ch 18, §1,
      2; 99 Acts, ch 2, §3, 4; 2000 Acts, ch 1055, §2, 3; 2001 Acts, ch
      126, §9--12; 2002 Acts, ch 1050, §59, 65; 2002 Acts, ch 1140, §9, 10,
      47; 2004 Acts, ch 1175, §235, 287; 2005 Acts, ch 179, §58; 2008 Acts,
      ch 1142, §2, 3, 6
         Referred to in § 257.1, 257.8, 257.19

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