Changes to the Office of School Finance

Word Version

March 13, 2013

SUBJECT:  Changes to the Office of School Finance


The Office of School Finance recently reorganized because of changes in the organizational structure of the Texas Education Agency (TEA) that became effective November 1, 2012. As a result of these changes, the Office of School Finance now includes two divisions, the Division of State Funding and the Division of Financial Compliance, as well as a subdivision, the Division of Financial Accountability. The primary functions of each division are described below. 

Division of State Funding

This division is responsible for the following areas:

  • Foundation School Program (FSP), including the Summary of Finances and all related reports
  • Chapter 41 wealth recapture provisions
  • charter school funding
  • Instructional Facilities Allotment (IFA) and Existing Debt Allotment (EDA) programs
  • transportation allotment
  • staff salary allotment
  • Permanent School Fund (PSF) Bond Guarantee Program (BGP)
  • Optional Flexible School Day Program (OFSDP) and Optional Flexible Year Program (OFYP)
  • alternative reporting for state compensatory education allotment
  • Chapter 313 tax credits, tax increment reinvestment zones (TIRZs), and Tax Information Survey
  • Qualified School Construction Bond (QSCB) and Qualified Zone Academy Bond (QZAB) programs


Division of Financial Compliance

This division is responsible for the duties that were previously assigned to the Division of Financial Audits related to compliance with state requirements for financial reporting. The division's responsibilities include the following:

  • reviews of annual financial reports (AFRs)
  • desk reviews of attendance accounting
  • special investigations
  • depository contracts
  • fiscal year start date changes
  • superintendent buyout evaluations


Division of Financial Accountability

This division is responsible for the following areas:

  • standard reports of budgeted and actual expenditures as reported to the Public Education Information Management System (PEIMS)
  • School Financial Integrity Rating System of Texas (FIRST) for school districts and charter schools
  • Financial Accountability System Resource Guide (FASRG)
  • Student Attendance Accounting Handbook (SAAH)
  • financial solvency reviews
  • financial exigency tracking
  • fiscal notes for legislation and fiscal impact statements for rules

If you have questions about any of these changes or need more information about the Office of School Finance, please use the following contact information:

For State Funding or Financial Accountability matters, contact us by telephone at (512) 463-9238 or by email at For additional assistance, see our webpage at

For Financial Compliance matters, contact us by telephone at (512) 463-9095 or by email at For additional assistance, see our web page.



Lisa Dawn-Fisher, Ph.D.
Associate Commissioner
School Finance/
Chief School Finance Officer