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:
June 2019 State Board of Education Meeting Second Reading and Final Adoption
Attachment II: Proposed New FASRG Module 1, Financial Accounting and Reporting (FAR) and FAR Appendices
Attachment III: Proposed New FASRG Module 2, Charter Schools
Attachment IV: Proposed New FASRG Module 3, Non-profit Charter Schools Chart of Accounts
Attachment V: Proposed New FASRG Module 4, Auditing
Attachment VI: Proposed New FASRG Module 5, Purchasing
Attachment VII: Proposed New FASRG Module 6, State Compensatory Education
Attachment VIII: Proposed Repeal of FASRG Module 1, Financial Accounting and Reporting (FAR) and FAR Appendices
Attachment IX: Proposed Repeal of FASRG Module 2, Budgeting
Attachment X: Proposed Repeal of FASRG Module 3, Purchasing
Attachment XI: Proposed Repeal of FASRG Module 4, Auditing
Attachment XII: Proposed Repeal of FASRG Module 5, Site Based Decision-Making
Attachment XIII: Proposed Repeal of FASRG Module 6, Accountability
Attachment XIV: Proposed Repeal of FASRG Module 7, Data Collection and Reporting
Attachment XV: Proposed Repeal of FASRG Module 8, Management
Attachment XVI: Proposed Repeal of FASRG Module 9, Compensatory Education, Guidelines, Financial Treatment, and an Auditing and Reporting System
Attachment XVII: Proposed Repeal of FASRG Module 10, Special Supplement - Charter Schools
Attachment XIII: Proposed Repeal of FASRG Module 11, Special Supplement - Non-profit Charter School Chart of Accounts