Texas Administrative Code › Title 19 - EDUCATION › Part 2 - TEXAS EDUCATION AGENCY › Chapter 109 - BUDGETING, ACCOUNTING, AND AUDITING › Subchapter AA - COMMISSIONER'S RULES CONCERNING FINANCIAL ACCOUNTABILITY › Section 109.1001 - Financial Accountability Ratings

Current through Reg. 49, No. 28; July 12, 2024
(a) The following
				  words and terms, when used in this section, have the following meanings, unless
				  the context clearly indicates otherwise.
(1)
				  Annual Financial Report (AFR)--The audited annual report required by the Texas
				  Education Code (TEC), §44.008, that is due to the Texas Education Agency
				  (TEA) by no later than 150 days after the close of a school district's or an
				  open-enrollment charter school's fiscal year.
(2) Ceiling indicator--An upper limit (the
				  maximum score) at which a score from a standard limit of a specific indicator
				  will result regardless of overall points.
(3) Debt--An amount of money owed to a
				  person, bank, company, or other organization.
(4) Electronic submission--The TEA electronic
				  data feed format required for use by school districts, open-enrollment charter
				  schools, and regional education service centers (ESCs).
(5) Financial Integrity Rating System of
				  Texas (FIRST)--The financial accountability rating system administered by the
				  TEA in accordance with the TEC, §
											39.082 and §
											39.085. The system
				  provides additional transparency to public education finance and meaningful
				  financial oversight and improvement for school districts (School FIRST) and
				  open-enrollment charter schools and charter schools operated by a public
				  institution of higher education under TEC, Chapter 12, Subchapters D and E
				  (Charter FIRST).
(6) Fiscal
				  year--The fiscal year of a school district or an open-enrollment charter
				  school, which begins on July 1 or September 1 of each year, as determined by
				  the board of trustees of the district or the governing body of the charter
				  holder in accordance with the TEC, §
											44.0011.
(7) Foundation School Program (FSP)--The
				  program established under the TEC, Chapters 41, 42, and 46, or any successor
				  program of state-appropriated funding for school districts in this
				  state.
(8) Open-enrollment charter
				  school--A charter school authorized by the commissioner of education under TEC,
				  Chapter 12, Subchapter D.
(9)
				  Public institution of higher education (IHE)--A public college or university
				  eligible to operate a school district; an open-enrollment charter school; or a
				  TEC, Chapter 12, Subchapter E, charter school authorized by the
				  commissioner.
(10) Summary of
				  Finances (SOF) report--The document of record for FSP allocations. An SOF
				  report is produced for each school district and open-enrollment charter school
				  by the TEA division responsible for state funding that describes the school
				  district's or open-enrollment charter school's funding elements and FSP state
				  aid.
(11) Texas Student Data System
				  Public Education Information Management System (TSDS PEIMS)--The system that
				  school districts and open-enrollment charter schools use to load, validate, and
				  submit their data to the TEA.
(12)
				  Warrant hold--The process by which state payments issued to payees indebted to
				  the state, or payees with a tax delinquency, are held by the Texas Comptroller
				  of Public Accounts until the debt is satisfied in accordance with the Texas
				  Government Code, §
											403.055.