Uniform Financial Accounting

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Accounting & Reporting

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Charter Schools
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Documents are updated as new sources of funding become available or as new terminology is added to school finance vocabulary.

Iowa school districts and AEAs are required to follow the Uniform Financial Accounting Manual for Iowa LEAs and AEAs. The manual is based on a federal handbook for accounting and discusses accounting theory for school districts, following generally accepted accounting principles (GAAP) for governmental entities. The Iowa Chart of Account Coding and Iowa Chart of Account Descriptions documents include the detail school districts and AEAs use in their accounting systems.

Uniform Financial Accounting Manual for Iowa LEAs and AEAs (1.56 MB) .pdf

Iowa Chart of Account Coding (568.42 KB) .pdf

Iowa Chart of Account Descriptions (567.49 KB) .pdf - This document has not been updated.

Accounting for Restricted Funds (222.64 KB) .pdf

Flexibility Account Guidance

Indirect Cost Rate

Property Taxes - Types and Coding (109.26 KB) .pdf

School Finance Terminology (168.72 KB) .pdf

School Level Reporting

UFA Journal Entries (110.08 KB) .xlsx

Charter Schools

Finance

This section includes information on handling financial transactions of the charter schools within the public school district's financial records.

For financial purposes, the charter school is part of the public school district in the same way as a school building site is a part of the public school district. The charter school follows the same Iowa finance law and accounting procedures as the district as a whole, and its financial transactions are incorporated into the public school district records using Uniform Financial Accounting for Iowa School Districts and AEAs. The district will identify the financial transactions related to the charter school by creating a facility code in its account code structure to be used specifically with those transactions.

Charter School Finance Contact: Kassandra Cline