Fiscal Policy and Procedures

FY2024 Fiscal Policy and Procedures FINAL.docx -  posted 12-18-2023; 

This is the Fiscal Policy and Procedures followed by County Agricultural Extension Districts. At times, the term “template” is used. This does not allow extension councils to change the policies and procedures beyond those outlined on the Authorization pages. The information in this document is used as part of the audit process and was previously reviewed by the Iowa Office of Auditor of State, Whitfield & Eddy Law, and the County Services Finance Committee.

Extension councils are responsible for administering a sound and efficient financial management system that best utilizes available resources and provides an acceptable service level to the citizens of the extension district. Furthermore, they are responsible for minimizing financial and legal risks related to public funds. One risk prevention method is to develop, implement, and maintain sound fiscal policies and procedures for operating county extension programs. These policies and procedures must include all money held or passing through the county extension office to be effective.