Discussion of Proposed Amendment to 19 Texas Administrative Code §109.41, Financial Accountability System Resource Guide

The FASRG is adopted by reference in 19 Texas Administrative Code (TAC) §109.41 and describes the rules of financial accounting for school districts, charter schools, and education service centers. The proposed amendment to §109.41 removes language relating to the commissioner’s role in amending the FASRG to eliminate unnecessary administrative procedures. In addition, revisions to the FASRG would align the content with current governmental accounting and auditing standards, remove obsolete requirements, and delete descriptions and discussions of best practices and other non-mandatory elements.

The following are the attachment titles for the State Board of Education discussion item: Discussion of Proposed Amendment to 19 TAC Chapter 109, Budgeting, Accounting, and Auditing, Subchapter C, Adoptions By Reference, §109.41, Financial Accountability System Resource Guide:

Attachment III: Proposed New FASRG Module 1, Financial Accounting and Reporting (FAR) and FAR Appendices

Attachment IV: Proposed New FASRG Module 4, Auditing

Attachment V: Proposed Repeal of FASRG Module 1, Financial Accounting and Reporting (FAR) and FARAppendices

Attachment VI: Proposed Repeal of FASRG Module 2, Budgeting

Attachment VII: Proposed Repeal of FASRG Module 4, Auditing

Attachment VIII: Proposed Repeal of FASRG Module 5, Site Based Decision-Making

Attachment IX: Proposed Repeal of FASRG Module 6, Accountability

Attachment X: Proposed Repeal of FASRG Module 7, Data Collection and Reporting

Attachment XI: Proposed Repeal of FASRG Module 8, Management