Policy Code: DIA

Adoption Date: Tuesday, April 24th, 2007

Review Date: Tuesday, June 16th, 2015

TYPES OF FUNDS

The Iron County School District maintains the following accounting funds: General Fund, Non K-12 Fund, Debt Service Fund, Capital Facilities Fund, School Activity Fund, and Food Service Fund.

The Iron County School District may act as fiscal agent for programs or services conducted cooperatively with neighboring school districts, regional centers or other governmental agencies. Separate accounting systems will be maintained for any such agency or entity for which the district acts as fiscal agent.

Individual school accounting must conform to the guidelines established by the Governmental Accounting Standards Board (GASB).