Update to Fund Codes
| Date: | September 17, 2020 |
|---|---|
| Subject: | Update to Fund Codes |
| Category: | Federal Funds |
| Next Steps: | Share with business and program staff |
The purpose of this letter is to inform local educational agencies (LEAs) that new fund codes will be added to the Texas Education Data Standards (TEDS) PEIMS Fund Codes, code table (C145), as stated below. Also, the Financial Accountability System Resource Guide (FASRG) will be updated in the guide’s next adoption to include the new fund codes.
- Fund code 266 was added to the 2020-2021 TEDS PEIMS Fund Codes, code table (C145), effective with the 2020-2021 actual financial data submission and the 2020-2021 staff payroll data submission.
- Fund code 277 will be added to the 2020-2021 TEDS PEIMS Fund Codes, code table (C145), effective with the 2020-2021 budget financial data submission and the 2021-2022 actual financial data submission.
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NEW Fund Codes |
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|
PIC |
Description |
Use of Funds |
|
266 |
Elementary and Secondary School Emergency Relief Fund (ESSER) of the Coronavirus Aid, Relief, and Economic Security (CARES) Act |
This code is used to account for federal stimulus Elementary and ESSER funds granted to LEAs through the CARES Act to support LEAs’ ability to operate and instruct their students during the COVID-19 pandemic. (CFDA 84.425D) (Education Stabilization Fund) |
|
277 |
Coronavirus Relief Fund (CRF) of the CARES Act |
This code is used to account for federal stimulus CRF granted to LEAs through the CARES Act for necessary expenditures incurred due to the public health emergency with respect to COVID-19 and to reimburse LEAs for expenses related to COVID-19 that were incurred dating back to March 1, 2020. (CFDA 21.019) |
The addition of these new codes will be used to account for all financial transactions to identify the fund group, specific fund, and permissible use of the funds.
The affected data is in the 30060 PayrollExtension, which is included in the PEIMS Fall Submission, and the 20032 Actual Extension, which is included in the PEIMS Midyear Submission.
Questions
If you have any questions, please contact the Division of Financial Compliance by phone at (512) 463-9095 or email financialaccountability@tea.texas.gov.
Sincerely,
David Marx, CPA
Director, Financial Compliance