Iowa § 423F.5 - 423F.5 Contents of financial audit.
Full text of Iowa Iowa Code § 423F.5 — 423F.5 Contents of financial audit., with citation guidance and answers to common questions.
§ 423F.5. 423F.5 Contents of financial audit.
1. A school district shall include as part of its financial audit for the budget year beginning July 1, 2007, and for each subsequent budget year the amount received during the year pursuant to chapter 423E* or this chapter, as applicable. In addition, the financial audit shall include the amount of bond levies, physical plant and equipment levy, and public educational and recreational levy reduced as a result of the moneys received under chapter 423E* or this chapter, as applicable. The amount of the reductions shall be stated in terms of dollars and cents per one thousand dollars of valuation and in total amount of property tax dollars. Also included shall be an accounting of the amount of moneys received which were spent for infrastructure purposes pursuant to chapter 423E* or this chapter, as applicable. 2. The auditor of state may prescribe necessary forms and procedures for the consistent collection of the information required by this section. 2008 Acts, ch 1134, §31; 2011 Acts, ch 25, §43 Referred to in §291.10, 423F.3 *Chapter 423E repealed effective June 30, 2023, pursuant to terms of former §423E.7; corrective legislation is pending Fri Dec 12 20:21:09 2025 Iowa Code 2026, Section 423F.5 (27, 3)
Source: official Iowa text · Last verified 2026-08-27
Frequently Asked Questions About Iowa § 423F.5
What does Iowa Code § 423F.5 cover?
Section 423F.5 ("423F.5 Contents of financial audit.") is part of the Iowa Code, the codified statutory law of Iowa. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Iowa § 423F.5?
A common citation format is "Iowa Code § 423F.5" (Iowa). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Iowa law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Iowa official source linked on this page or consult a licensed Iowa attorney.
How does Iowa § 423F.5 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Iowa can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Iowa.