Revenue Purpose Statement
In the Glenwood Community School District (GCSD), the following Revenue Purpose Statement which specifies the use of revenues the GCSD will receive from the State of Iowa Secure an Advanced Vision for Education (SAVE) Fund shall be adopted.
- To provide funds for Property Tax Relief
- To provide funds to build and furnish a new school building or buildings; to build and furnish addition(s) to school buildings in the District; to remodel, reconstruct, repair, expand, and improve the school buildings in the District; to purchase and improve grounds; for demolition work; to furnish and equip district facilities.
- To provide funds for the purchase, lease or lease-purchase of buildings, equipment (including transportation and recreation equipment), or technology as authorized by law, to implement energy conservation measures, sharing or rental of facilities procuring or acquisition of libraries, or opening roads to schoolhouses or buildings.
- To provide funds for emergency repairs to respond to natural disasters, such as fire, wind damage; flood; unanticipated mechanical, plumbing, structural, roof, electrical system failures: environmental; remediation or to respond to changes in demographics that require construction of additions or improvements to school buildings or new school buildings.
- To provide funds to establish and maintain public recreation places and playgrounds; provide for supervision and instruction for recreational activities; or for community education purposes; and other authorized expenditures and purposes as now or hereafter permitted by law and designates by the Glenwood Community School District.
- To provide funds for the payment of principal and interest or retirement of general obligation bonds issued for school infrastructure purposes, energy improvement loans, loan agreements authorized by Iowa Code Section 297.36, sales, service and use tax revenue bonds issued under Iowa Code Section 423E.5
This Revenue Purpose Statement remains in effect until replaced or amended by the Glenwood Community School District.