The purpose of the financial accountability rating system (Texas Administrative Code (TAC), Title 19, § 109.1001) is to ensure that open-enrollment charter schools are held accountable for the quality of their financial management practices and achieve improved performance in the management of their financial resources. The system is designed to encourage Texas public schools to manage their financial resources better in order to provide the maximum allocation possible for direct instructional purposes.
The system will also disclose the quality of local management and decision-making processes that impact the allocation of financial resources in Texas public schools. An evaluation of the long-term effectiveness of the system should disclose a measurable improvement in the quality of Texas public schools' financial decision-making processes.
Additional information can be found in the TAC §97.1055, §§ 109.1001-1004 and the Texas Education Code (TEC) §§ 39.201-39.204.
For additional information, contact:
Yolanda Walker, Division of Financial Accountability
Phone: (512) 463-0947