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Home / Finance and Grants / Financial Compliance
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.
A school district or charter holder must have a depository contract with any bank into which the TEA deposits state funds. For requirements and procedures related to depository contracts, select one of the following:
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.
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