Today, the Texas Education Agency released news on final rule adoption for the financial accountability rating system, and acquisition of a school district depository contract. The rules were adopted without changes from what was proposed. The rule amendment for the school district financial accountability rating system also referred as School FIRST clarified indicator 5 on a school district’s unrestricted net position balance amount and 10 on debt service coverage, in addition to increasing the threshold amounts for school districts’ ratings for the rating year 2016-17. The rule amendment for acquisition of a school district depository contract amended the depository bid and proposal forms required for use by school districts.
Click on the links below to access the final rules for:
Financial accountability rating system
Uniform depository bank bid or proposal form