Annual Financial Reports

Each year, charter schools, education service centers, and school districts must have their annual financial and compliance report audited by an independent auditor. The resulting annual financial and compliance report must then be submitted to TEA for review.

Depository Contracts

Texas Education Code (TEC) requires a depository contract between a school district or charter holder and any bank into which state funds are deposited.  School district depository contracts are to be renewed or extended every two years.  Charter schools are required to file depository contract information annually by November 1st. 

Electronic Submissions

Charter schools, education service centers, and school districts are required to submit their annual financial and compliance report in electronic format.  The electronic format submission consists of two files:  an Adobe Acrobat© Portable Document Format (PDF) file and a GASB data text file (the text file is not required from charter schools).  In addition, most charter schools and school districts are required to submit their state compensatory education district and campus improvement plans in PDF.

Fiscal Year Start Date Change

The fiscal year of a school district begins on July 1 or September 1, as determined by the board of trustees of the district.  In order to change the fiscal year start date, districts must file with TEA a Notification of Intent to Change the Fiscal Year Start Date form.


Presentations given by Financial Compliance staff at various conferences.

Samples & Examples

Examples of various financial related documents and forms.

State Compensatory Education

State Compensatory Education is programs and/or services designed to supplement the regular education program for students identified as at risk of dropping out of school. The purpose is to increase the academic achievement and reduce the drop out rate of these students.

Superintendent Payment Disclosure Form

The Superintendent Payment Disclosure Form must be filed with the TEA not later than 60 days following execution of an agreement to make payments of any kind to a departing superintendent or any payment under such an agreement, whichever is sooner.


Contact Information for Financial Compliance Staff  

The area code for all numbers is 512.    
 Baker, Patrick936-4628Bids & Contracts / Investigations / Transportation Reviews / CPA Reviews
 Dominguez, Elsa 463-7652Annual Financial Reports Desk Reviews / Depository Contracts / Fiscal Year Change
 Escobedo, Gayle    475-2372Annual Financial Reports Desk Reviews / Depository Contracts
 Flores, Dana    475-1284Annual Financial Reports Desk Reviews / Depository Contracts
 Hudspeth, John    463-9532Annual Financial Reports Desk Reviews
 Hurd, Shalonda 463-7059Administrative Support
 Jons, Justin 475-1778FSP Reviews
 Loseke, David475-2155FSP Reviews
 Marx, David    463-2945Division Director
 Matheny, Christina463-9530FSP Reviews / State Compensatory Education
 Martin, Tiffany936-1776Annual Financial Reports Desk Reviews
 Moreno, Paul475-2228Manager, Financial Desk Reviews / Fiscal Year Change / Superintendent Buyouts 
 Munoz, John475-2032FSP Reviews
 Obregon, Alma    475-1993Annual Financial Reports Desk Reviews /  Superintendent Buyouts 
 Richmond, Michael475-3403Manager, Investigations and FSP Reviews
 Sadler, Sunny936-1777Bids & Contracts / Investigations / Transportation Reviews / CPA Reviews
 Simank, Larry936-6981Annual Financial Reports Desk Reviews
 Suarez, Marcia475-1779FSP Reviews
 Williams, Karen936-6982FSP Reviews
 Yang, Yang475-3476FSP Reviews

      A Division of Financial Compliance mailing list has been established to provide e-mail notifications of important deadlines and website updates.  To subscribe, go to the TEA Mailing List Webpage and select Financial Compliance from the dropdown menu.

Division of Financial Compliance

Phone:  (512) 463-9095



April 23, 2014

Almost 80 percent of 5th and 8th graders pass on first attempt at STAAR

Almost 80 percent of 5thand 8th graders successfully passed the State of Texas Assessments of Academic Readiness (STAAR®) mathematics test on their first attempt in April, according to numbers released today by the Texas Education Agency. 

April 22, 2014

Survey on new financial accountability indicators now available

A brief survey asking for input on the indicators that will form the new financial accountability system required by House Bill 5 is now available on the TEA website’s home page. The survey will be open until May 18. If you have any questions, please contact the Financial Accountability Division at (512) 463-9238.

April 17, 2014

Two Texas students selected for National Youth Science Camp

The Texas Education Agency today announced that two students have been selected to represent Texas as delegates to the 2014 National Youth Science Camp. The National Youth Science Camp, one of the nation’s premier programs in secondary science education, is an annual summer forum where two delegates representing each state exchange ideas with leading scientists and other professionals from academic and corporate worlds.

April 14, 2014

Commissioner Williams to appoint Beaumont ISD Board of Managers

  Texas Commissioner of Education Michael Williams today announced his decision to appoint a board of managers to oversee the management of the Beaumont Independent School District (BISD). The Commissioner also announced his intent to name a new superintendent for the district.