1. School Finance Notes Region One Finance Advisory Council Friday, March 22, 2013 ©2012 Region One Education Service Center

2. Five Year Comparison Property Tax Values/M & O Tax Rates Region One School Districts 2008-2012 See Reports attached ©2012 Region One Education Service Center

3. Update on Sequestration March 6, 2013 - Cory Green TEA Chief Administrator Budget reductions will be implemented across most federal education programs with the next state education allocation on July 1, 2013. USDE estimate 5% Actual amounts pending Congress to complete work on budget fiscal year 2013 due by March 27, 2013 ©2012 Region One Education Service Center

4. Update on Sequestration LEA’s would be required to reduce their services to students served by each program TEA recommendation - direct services to students be last option. Hold Harmless provision (Title 1 Part A) ©2012 Region One Education Service Center

5. Update on Sequestration Hold Harmless Provisions –95% of prior-year entitlement if formula children are 30% or greater; –90% of prior-year entitlement if formula children are 15% and less than 30%; –85% of prior-year entitlement if formula children are less than 15%. TEA pending for detail from USDE. LEA’s reductions can be more or less than 5% ©2012 Region One Education Service Center

6. TEA Office of School Finance Re-Organization Lisa Dawn Fisher – Associate Commissioner School Finance/CSFO Three Divisions Division of State Funding – Amanda Brownson Director –Foundation School Program, Instructional Facility Allotment, Existing Debt Allotment, Permanent School Fund Division of Financial Compliance – Vacancy –Annual Financial Reports review,s, desk reviews, Special Investigations, Depository Contracts ©2012 Region One Education Service Center

7. TEA Office of School Finance Re-Organization Division of Financial Accountability – Belinda Dyer Director –FIRST –Financial Solvency –PEIMS Financial Reports –Financial Accountability System Resource Guide ©2012 Region One Education Service Center

8. New FASRG - DRAFT Tier 1 – Rules & Regulations Only Tier 2 - Special Supplements and Guidance Manuals Tier 3- Best Practices Timeline – 2 years Need input from District staff to make modifications. ©2012 Region One Education Service Center

9. New Program Intent Codes 33 – Prekindergarten – Special Education 34 – Prekindergarten – Compensatory Ed 35 – Prekindergarten – Bilingual Ed Effective 2013-2014 Done to enable TEA to determine compliance with maximum allowable indirect cost rates for indirect expenditures supporting specific programs and compliance with MOE ©2012 Region One Education Service Center

10. 2012-2013 Annual Fingerprinting Certification and Statement of Compliance Superintendent of district is required to certify annually that the district has complied with TEC Section 22.085 (fingerprinting & criminal history background reviews). Form is due by April 19, 2013 Sanctions for Noncompliance ©2012 Region One Education Service Center

11. Update on Child Nutrition Program Certification for Extra.06 Meal/Day 100% of districts are certified 17 districts validated 4 pending validation See List of Districts attached ©2012 Region One Education Service Center

12. Region One Finance Advisory Council - Resources All handouts for FAC meetings for several years Links to helpful websites Other Region One resources. http://www.esc1.net/page/480 ©2012 Region One Education Service Center

13. Contact Information Frances Guzman Deputy Director for Business, Operations and Finance Support Region One ESC (956) 984-6290 fguzman@esc1.net