Notice of Intent to Amend the Financial Accountability System Resource Guide
November 20, 2009
STATE BOARD OF EDUCATION: INFORMATION
SUMMARY: This item provides notice of intent to amend the Financial Accountability System Resource Guide. In accordance with 19 Texas Administrative Code (TAC) §109.41, the commissioner of education shall amend the Financial Accountability System Resource Guide, as needed, adopting it by reference per 19 TAC Chapter 109, Budgeting, Accounting, and Auditing, Subchapter C, Adoptions by Reference. The amendment being proposed includes updates as a result of recent legislative changes. The effective date of the proposed amendment will be 20 days after filing as adopted with the Texas Register.
STATUTORY AUTHORITY: Texas Education Code (TEC), §§7.055, 7.102(c)(32), 44.001, 44.007, and 44.008.
BOARD RESPONSE: This item informs the board of the intent to amend the Financial Accountability System Resource Guide and of the effect of the proposed amendment prior to filing with the Texas Register, as required by 19 TAC §109.41.
PREVIOUS BOARD ACTION: The Financial Accountability System Resource Guide was last amended to be effective July 31, 2008. The last amendment to the Resource Guide was necessary to incorporate updates to the state compensatory education module, the accounting and auditing modules, and the charter school supplement.
FUTURE ACTION EXPECTED: None.
BACKGROUND INFORMATION AND SIGNIFICANT ISSUES: In accordance with 19 TAC §109.41, the commissioner of education shall amend the Financial Accountability System Resource Guide, as needed, adopting it by reference. The amendment being proposed includes updates as a result of recent legislative changes, as well as updates to accounting and auditing standards. The charter school supplement will also be updated to reflect legislative changes, as well as updates to accounting and auditing standards.
FISCAL IMPACT: None.
PUBLIC AND STUDENT BENEFIT: The amendment would improve financial accountability for educational programs in the Texas school system and keep financial management practices current with changes in state law and federal rules and regulations.
PROCEDURAL AND REPORTING IMPLICATIONS: None.
LOCALLY MAINTAINED PAPERWORK REQUIREMENTS: None.
PUBLIC COMMENTS: None.
OTHER COMMENTS AND RELATED ISSUES: None.
Commissioner of Education
Staff Members Responsible: Laura Taylor, Associate Commissioner
Rita Chase, Director