279.63 - FINANCIAL REPORT.
279.63 FINANCIAL REPORT.
1. The board of directors of each public school district shall
develop, maintain, and distribute a financial report on an annual
basis. The objective of the financial report shall be to facilitate
public access to a variety of information and statistics relating to
the education funding received by the school district, enrollment and
employment figures, and additional information.
2. The financial report shall contain, at a minimum, information
relating to the following:
a. All property tax levies, income surtaxes, and local option
sales taxes in place in the school district, listed by type of levy,
rate, amount, duration, and notification of the maximum rate and
amount limitations permitted by statute.
b. The amount of funding received on a per pupil basis
through the operation of the school finance formula, and from any
other state appropriation or state funding source.
c. Federal funding received per student or teacher population
targeted to receive the funds, and any other federal grants or
funding received by the district.
d. Teacher and administrator minimum, maximum, and average
salary paid by the district, and the percentage and dollar increase
under teacher and administrator salary and benefits settlement
agreements.
e. Teacher and administrator health insurance and other
alternative health benefit information, including the monthly
premium, the percentage of the premium paid by the district, and the
percentage of the premium paid by a teacher or administrator for
single and family insurance.
f. Teacher and administrator employment statistics, including
the annual number of licensed full-time and part-time teachers and
administrators employed by the school district during the preceding
five years, and including the number of teachers and administrators
no longer employed by the district, and new hires.
g. Student enrollment levels during the preceding five years,
including regular enrollment, special education enrollment, and
enrollment adjustments made pursuant to supplementary weighting.
h. Such additional information as the school district may
determine.
3. Copies of a school district's financial report for the
previous school year shall be posted on an internet website
maintained by the school district by January 1 of each school year.
If the school district does not maintain or develop an internet
website, the school district shall either distribute or post written
copies of the financial report at specified locations throughout the
school district. Section History: Recent Form
2006 Acts, ch 1152, §14; 2009 Acts, ch 54, §9