The Business Services Department is responsible for budgeting, accounting, payroll, financial reporting and statistical data.
|J.T. Anderson, CPA
Chief Financial Officer
| Michelle Diestler
The Comprehensive Annual Financial Report, or CAFR, is a complete audited financial statement of the district. It shows the overall financial picture and health of the school district, including financial statements, net assets, balance sheets and profit/loss statements. It includes a report by an independent auditor. Since 2005, Linn-Mar Community School District has been presented the annual Certificate of Excellence in Financial Reporting from the Association of School Business Officials International.
Iowa Department of Education Financial Report Card Online.
In accordance with the Code of Iowa, the Board of Education annually adopts a budget following the required public notice and hearing for all funds, except blended component units, internal service funds and trust and agency funds. The budget may be amended during the year utilizing similar statutorily prescribed procedures. Iowa school districts prepare their budgets on the GAAP (Generally Accepted Accounting Principles) basis.
Formal and legal budgetary control for the Certified Budget are based on four major classes of expenditures known as functional areas, not by fund or fund type. These four functional areas are instruction, support services, non-instructional programs and other expenditures. Although the budget document presents functional area expenditures or expenses by fund, the legal level of control is at the aggregated functional area level, not at the fund or fund type level. The Code of Iowa also provides that district expenditures in the General Fund may not exceed the amount authorized by the Iowa School Finance Formula.