279.45 - ADMINISTRATIVE EXPENDITURES.
279.45 ADMINISTRATIVE EXPENDITURES.
For the budget year beginning July 1, 1989, and each of the
following three budget years, the board of directors of a school
district in which the administrative expenditures as a percent of the
school district's operating fund for a base year exceed five percent,
shall reduce its administrative expenditures so that they are
one-half percent less as a percent of the school district's operating
fund than they were for the base year. However, a school district is
not required to reduce its administrative expenditures below five
percent of its operating fund. Thereafter, a school district shall
not increase the percent of its administrative expenditures compared
to its operating fund. Annually, the board of directors shall
certify to the department of education the amounts of the school
district's administrative expenditures and its operating fund. For
the purposes of this section, "base year" and "budget year"
mean the same as defined in section 442.6, Code 1989, and section
257.2, and "administrative expenditures" means expenditures for
executive administration. Section History: Recent Form
86 Acts, ch 1226, § 5; 88 Acts, ch 1158, § 56; 89 Acts, ch 135,
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