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Board votes to transfer $50,000 into general-fund flexibility account; hearing set for March 24
Summary
The board unanimously approved a resolution to transfer $50,000 from the Home School Assistance Program into the general-fund flexibility account created by 2017 House File 565 and set a public hearing for March 24, 2025 at 5:30 p.m.
The board approved a resolution to move $50,000 from the Home School Assistance Program into the district's new flexibility account within the general fund.
Chief financial staff explained the flexibility account (created by the 2017 Iowa Legislature in House File 565) allows the district to use unexpended categorical balances for general-fund purposes if the board adopts a resolution specifying the intended use. The superintendent and CFO said the Home School Assistance Program no longer pays outside rent after moving into the AIM Center, and operating costs (custodial, HVAC, internet) now rest with the district; the transfer is intended to cover those operating costs.
"My recommendation is there's a resolution attached to transfer $50,000 from the Home School Assistance Program into this flexibility account," staff said, noting the program's fund balance has grown in prior years. The board voted 5'0'00 on a roll-call motion to approve the resolution and set a hearing for March 24 at 5:30 p.m.
Outcome and next steps: The board set an expenditure hearing for the March 24 meeting; staff said the transferred funds will be used for AIM Center operations and other general-fund purposes as specified in the resolution.
Ending: The motion passed by roll call (DeWerde, Rodriguez, Smith, Becker, Winfrey: all "aye").
