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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 See Reports attached ©2012 Region One Education Service Center
Update on Sequestration March 6, Cory Green TEA Chief Administrator Budget reductions will be implemented across most federal education programs with the next state education allocation on July 1, USDE estimate 5% Actual amounts pending Congress to complete work on budget fiscal year 2013 due by March 27, 2013 ©2012 Region One Education Service Center
Update on Sequestration 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) ©2012 Region One Education Service Center
Update on Sequestration 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% ©2012 Region One Education Service Center
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 ©2012 Region One Education Service Center
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 ©2012 Region One Education Service Center
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. ©2012 Region One Education Service Center
New Program Intent Codes 33 – Prekindergarten – Special Education 34 – Prekindergarten – Compensatory Ed 35 – Prekindergarten – Bilingual Ed Effective Done to enable TEA to determine compliance with maximum allowable indirect cost rates for indirect expenditures supporting specific programs and compliance with MOE ©2012 Region One Education Service Center
Annual Fingerprinting Certification and Statement of Compliance Superintendent of district is required to certify annually that the district has complied with TEC Section (fingerprinting & criminal history background reviews). Form is due by April 19, 2013 Sanctions for Noncompliance ©2012 Region One Education Service Center
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 ©2012 Region One Education Service Center
Region One Finance Advisory Council - Resources All handouts for FAC meetings for several years Links to helpful websites Other Region One resources. ©2012 Region One Education Service Center
Contact Information Frances Guzman Deputy Director for Business, Operations and Finance Support Region One ESC (956)
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