Intermediate
School Districts and Educational Service Agencies: Revenue Options and
Accounting Practices
After the passage of Proposal A, local districts are extremely limited
in how they can raise funds for educational needs.
By acting on a regional basis, through Intermediate School Districts,
local districts can ask the public for increased funding for special
education, vocational education or enhancement millage. These tax dollars
go directly to local school districts or are utilized toprovide services
used by local school districts, their students and families.
ISD tax levies are subject to the same public scrutiny of every governmental
unit (i.e., township, city, state) and formal structures to challenge
exist.
Through ISDs and the corresponding economies of scale available, public
monies are used to optimum advantage. This allows local schools to better
leverage their own resources.
ISDs follow standard accounting practices and, like all other school
districts, will adopt Governmental Accounting Standards Board (GASB)
Statement 34 requirements according to law.
All ISDs have an independent board auditor and their books are audited
each year. These audits are open and readily available
to the public.