1. Adopted Amendment to 19 TAC Chapter 109, Budgeting, Accounting, and Auditing, Subchapter AA, Commissioner's Rules Concerning Financial Accountability, Division 1, Financial Accountability Rating System, §109.1002, Financial Accountability Ratings
Effective Date: October 18, 2011.
Amended 19 TAC Chapter 109, Budgeting, Accounting, and Auditing, Subchapter AA, Commissioner's Rules Concerning Financial Accountability, Division 1, Financial Accountability Rating System, §109.1002, Financial Accountability Ratings, was filed as adopted with the Texas Register under the commissioner's rulemaking authority on September 28, 2011.
The adopted amendment updates the School Financial Integrity Rating System of Texas (School FIRST) by specifying new provisions for implementation beginning with data from fiscal year 2010-2011, including the revision of the indicator related to investment earnings for both school districts and charter schools, the deletion of one non-critical school district indicator, and the deletion of two non-critical open-enrollment charter school indicators, along with new rating worksheets and calculations that reflect these changes. The adopted amendment to the rating system provides relief from the recommended financial reserves due to current economic conditions and changes in state funding. The amendment was adopted with changes from what was published as proposed.
Staff Contact: Questions about this item should be directed to Financial Audits at (512) 463-9095.
For additional information, email rules@tea.state.tx.us.