May a district change previous entries in its accounting records based on the broader definition of technology in the Declaratory Order?
If districts make adjustments for previous transactions on or after July 1, 2010, and within the fiscal year, be sure that the entries are correcting general journal entries (reverse previous entries and enter again correctly) rather than recording them as transfers. Recording the adjustments as transfers improperly results in inflated revenues and inflated expenditures. Please check with Janice Evans (janice.evans@iowa.gov; 515/281-4740) on how to record the adjustments if you are not sure.