The board may loan monies between funds as it deems necessary. The board shall exercise this authority judiciously.
When the necessity for an account has ceased to exist, the balance may be transferred to another account or fund by resolution of the board. Only monies that were received for use without a designated purpose may be transferred in this manner. Funds received for a specific use or upon vote of the people shall only be used for the purpose designated unless that purpose no longer exists.
It shall be the responsibility of the superintendent to make recommendations to the board regarding loans and transfers and to provide supporting evidence for the transfer.
Legal Reference: Iowa Code 24.21-.22; 279.8; 291.13 (2003).
Cross Reference: 703 Budget
Approved Dec. 13, 2004
Reviewed October 9, 2023
Revised February 9, 2009