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Iowa Code Title IX. Local Government [Chs. 331-420] § 359.50. Budget amendment

Current as of January 01, 2024 | Updated by Findlaw Staff

1. A township budget as finally adopted for the following fiscal year becomes effective July 1. A township budget for the current fiscal year may be amended for any of the following purposes:

a. To permit the expenditure of unexpended, unencumbered cash balances on hand at the end of the preceding fiscal year which had not been anticipated in the budget.

b. To permit the expenditure of amounts anticipated to be available from sources other than property taxation, and which had not been anticipated in the budget.

2. A budget amendment must be prepared and adopted by May 31 of the current fiscal year.

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Cite this article: FindLaw.com - Iowa Code Title IX. Local Government [Chs. 331-420] § 359.50. Budget amendment - last updated January 01, 2024 | https://codes.findlaw.com/ia/title-ix-local-government-chs-331-420/ia-code-sect-359-50/

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