The School Budget Review Committee (SBRC) is a nonpartisan body established by the legislature with authority and responsibilities in school budgeting and accounting.

The committee is established to review budgets and to hold hearings on requests to modify budgetary limitations from school districts, area education agencies and community colleges.

The committee may call school board members or employees as necessary for the hearings and may withhold state aid to the district until the committee's inquiries are satisfied completely.

In making its decisions, the committee is required by Code to take into account the intent of the Code to equalize educational opportunity, to provide a good education for all the children of Iowa, to provide property tax relief, to decrease the percentage of school costs paid from property taxes and to provide reasonable control of school costs. The committee is also required to take into account the amount of funds available.

• Recommend revisions to rules, regulations, directives or forms relating to school district budgeting and accounting.
• Confer with local school boards or their representatives and make recommendations relating to any budgeting or accounting matters.
• Make recommendations to school districts to share facilities, equipment, service or personnel.
• Direct the Department of Education or the Department of Management to make studies and investigations of school costs.
• Recommend to the general assembly changes in the laws relating to school districts.
• Review the certified budget of each school district and make recommendations.
• Establish modified allowable growth, or grant supplemental aid when appropriated, for districts with unusual circumstances creating an unusual need for additional funds. The committee has similar authority related to area education agencies, however the modified allowable growth is added to the districts located within that AEA. The committee has authority to grant supplemental aid to community colleges only when funding is appropriated by the legislature for that purpose.
• Establish modified allowable growth for school districts for removal, management or abatement of environmental hazards due to a state or federal requirement.
• Authorize districts to spend a reasonable and specified amount from its unexpended general fund balance for purposes specified by Code.
• Establish annually a speccial education weighting plan.
• Determine and certify annual special education balances.
• Review the amount of property tax levied by each district for cash reserve and reduce this amount if it is unusually high as determined by the committee.