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 with an overview 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" alerts districts to the need to review local fund balance policies in light of new accounting rules.  

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

 

Other Resources

  • The Texas Education Agency (TEA) Financial Compliance Website includes a number of audit 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 integrity ratings issued annually beginning with the 2001-02 school year.
  • The TEA School Finance District Performance Summary Reports Website includes a searchable database of district performance reports addressing issues such as financial performance, prepared annually beginning with the 2005-06 school year.
  • 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 dating back to the 1996-97 school year.