School Finance Notes Region One Finance Advisory Council Friday, March 22, 2013 ©2012 Region One Education Service Center

School Finance Notes

Region One

Finance Advisory Council

Friday, March 22, 2013

©2012 Region One Education Service Center

Five Year Comparison Property Tax Values/M & O Tax Rates

• Region One School Districts• 2008-2012• See Reports attached


Update on Sequestration

• March 6, 2013 - Cory Green TEA Chief Administrator

• Budget reductions will be implemented across most federal education programs with the next state education allocation on July 1, 2013.

• USDE estimate 5%• Actual amounts pending Congress to complete

work on budget fiscal year 2013 due by March 27, 2013



• LEA’s would be required to reduce their services to students served by each program

• TEA recommendation - direct services to students be last option.

• Hold Harmless provision (Title 1 Part A)



• Hold Harmless Provisions– 95% of prior-year entitlement if formula children are

30% or greater; – 90% of prior-year entitlement if formula children are

15% and less than 30%; – 85% of prior-year entitlement if formula children are

less than 15%.

• TEA pending for detail from USDE. • LEA’s reductions can be more or less than 5%


TEA Office of School Finance Re-Organization

• Lisa Dawn Fisher – Associate Commissioner School Finance/CSFO

• Three Divisions• Division of State Funding – Amanda Brownson

Director– Foundation School Program, Instructional Facility

Allotment, Existing Debt Allotment, Permanent School Fund

• Division of Financial Compliance – Vacancy– Annual Financial Reports review,s, desk reviews,

Special Investigations, Depository Contracts


TEA Office of School Finance Re-Organization

• Division of Financial Accountability – Belinda Dyer Director– FIRST– Financial Solvency– PEIMS Financial Reports– Financial Accountability System Resource Guide


New FASRG - DRAFT

• Tier 1 – Rules & Regulations Only• Tier 2 - Special Supplements and Guidance

Manuals• Tier 3- Best Practices• Timeline – 2 years• Need input from District staff to make

modifications.


New Program Intent Codes

• 33 – Prekindergarten – Special Education• 34 – Prekindergarten – Compensatory Ed• 35 – Prekindergarten – Bilingual Ed• Effective 2013-2014• Done to enable TEA to determine compliance

with maximum allowable indirect cost rates for indirect expenditures supporting specific programs and compliance with MOE


2012-2013 Annual Fingerprinting Certification and Statement of Compliance

• Superintendent of district is required to certify annually that the district has complied with TEC Section 22.085 (fingerprinting & criminal history background reviews).

• Form is due by April 19, 2013• Sanctions for Noncompliance


Update on Child Nutrition Program Certification for Extra .06 Meal/Day

• 100% of districts are certified• 17 districts validated• 4 pending validation• See List of Districts attached


Region One Finance Advisory Council - Resources

• All handouts for FAC meetings for several years

• Links to helpful websites• Other Region One resources.• http://www.esc1.net/page/480


http://www.esc1.net/page/480


Contact InformationFrances GuzmanDeputy Director for Business, Operations and Finance SupportRegion One ESC(956) [email protected]

Documents

School Finance Notes Region One Finance Advisory Council Friday, March 22, 2013 ©2012 Region One Education Service Center