Budgeting and Accounting


While each school board is ultimately responsible for funds received and spent for school purposes, to function effectively, most school district business operations are delegated to the administration.  The following are resources related to budgeting, use of public funds, auditing, and financial accountability.

Budgeting and Use of Public Funds
Auditing and Accountability

 

Budgeting and Use of Public Funds   

Relevant Policies

Your local school board policy manual contains TASB's (LEGAL) reference policies and board-adopted (LOCAL) policies.  Your district may also have relevant administrative regulations.  For more information on budgeting and use of public funds, see district policy and regulations at the following code:

 

CE Annual Operating Budget
CEA Financial Exigency

 

TASB Resources

  • TASB Legal Services' Adoption of Budget and Tax Rates–Traditional Method is a step-by-step guide to the traditional method of the budget and tax rate adoption process for school districts with a September 1 fiscal year.
  • TASB Legal Services' Adoption of Budget and Tax Rates–Early Tax Rate Adoption is a step-by-step guide to the budget and tax rate adoption process for school districts using certified estimates of property values instead of certified appraisal rolls when adopting a tax rate.
  • TASB Legal Services’ Use of Public Funds, for sale in the TASB Store, is a full-length legal outline of the statutory and constitutional restrictions on the use of public funds.
  • TASB Policy Service provides timely Policy Alerts online behind myTASB.  A Policy Alert called "Fund Balance Policies and GASB 54" alerted districts to review local fund balance policies in light of accounting guidelines.

Other Resources

 

Auditing and Accountability   

TASB Policy Resources

For more information on auditing and accountability, see district policy and regulations at the following codes:

 

CAA Financial Ethics
CFA Financial Reports and Statements
CFB Inventories
CFC Audits
CFD Activity Funds Management
CFEA Salary Deductions and Reductions

 

TASB Resources

  • TASB Legal Services' article The Role of the Internal Auditor in Texas School Districts answers frequently asked legal questions about the role of the internal auditor in school districts.
  • TASB Legal Services' article Activity Funds discusses different types of activity funds and answers questions about how activity funds can be raised, accounted for, and spent.              

Other Resources

  • The Texas Education Agency (TEA) Financial Compliance Website includes a number of financial resources, such as information on the annual financial report, submission dates, depository contracts, and the Financial Integrity Rating System of Texas (FIRST). 
  • The TEA FIRST Website includes a searchable database of school district financial accountability ratings issued annually.
  • The TEA Financial Accountability System Resource Guide (FASRG) includes rules addressing several school business issues, such as auditing.
  • The TEA Public Education Information Management System (PEIMS) Financial Standard Reports Website allows you to view and download school district and campus PEIMS Budget and Actual Financial Reports.