The board treasurer shall receive revenues of the school district. Other persons receiving
revenues on behalf of the school district shall promptly turn them over to the board treasurer.
Revenue, from whatever source, shall be accounted for and classified under the official
accounting system of the school district. It shall be the responsibility of the board treasurer to
deposit the revenues received by the school district in a timely manner. School district funds
from all sources shall not be used for private gain or political purposes.
Tuition fees received by the school district shall be deposited in the general fund. The tuition
fees for kindergarten through twelfth grade during the regular academic school year shall be set
by the board based upon the superintendent's recommendation in compliance with current law.
Tuition fees for summer school, driver's education and adult education shall be set by the board
prior to the offering of the programs.
The board may charge materials fees for the use or purchase of educational materials.
Materials fees received by the school district shall be deposited in the general fund. It shall be
the responsibility of the superintendent to recommend to the board when materials fees will be
charged and the amount of the materials fees.
Rental fees received by the school district for the rental of school district equipment or facilities
shall be deposited in the general fund. It is the responsibility of the superintendent to
recommend to the board a fee schedule for renting school district property.
Proceeds from the sale of real property shall be placed in the physical plant and equipment levy
(PPEL) fund. However, following a properly noticed public hearing, the board of directors may
elect to deposit proceeds from the sale of real property or buildings into any fund under the
control of the school corporation. Notice for the public hearing must be published in a
newspaper of general circulation within the district not less than 10 and no more than 20 days
prior to the proposed public hearing. Notice of the public hearing must include the date, time,
and location of the public hearing, and a description of the proposed action. The proceeds from
the sale of other school district property shall be placed in the general fund.
The board may claim exemption from the law prohibiting competition with private enterprise for
the following activities:
Goods and services directly and reasonably related to the educational mission;
Goods and services offered only to students, employees or guests which cannot be provided by
private enterprise at the same or lower cost;
Use of vehicles for charter trips offered to the public, full- or part-time, or temporary students;
Goods and services which are not otherwise available in the quantity or quality required by the
school district;
Telecommunications other than radio or television stations;
Sponsoring or providing facilities for fitness and recreation;
Food service and sales; and,
Sale of books, records, tapes, software, educational equipment, and supplies.
It shall be the responsibility of the superintendent to bring to the board's attention additional
sources of revenue for the school district.
Legal Reference: Iowa Code §§ 12C; 23A; 257.2; 279.8; 282.2, .6, .24; 291.12, 297.9-.12,
.22; 301.1 (2013).
Cross Reference: 701.1 Depository of Funds
703 Budget
803 Selling and Leasing
905 Use of School District Facilities & Equipment
Approved 1/10/72 Reviewed 8/17/2022 Revised 4/09/01
