Mid-Year PEIMS Submission The Mid-Year PEIMS submission is due to TEA January 28, 2021. This collection consists solely of financial data from your charter’s prior fiscal year, FY ending June 30 or August 31. Reviewed in comparison with the Annual Financial Report, (AFR), the data collected is used by TEA for compliance monitoring. In fact, … Read More
Financial Compliance and Accountability
Because Texans trust charter officials to spend money wisely and efficiently, the state’s financial accountability systems for public charters provides a report that annually examines school funding and compliance issues to confirm that spending has been appropriate. This report is referred to as Charter FIRST. Districts and charters must also have an outside auditor examine their financial records each … Read More
Audit Firm Selection and Qualifications
In today’s Tip, we are discussing Audit Firm Selection and Qualifications. Auditing is a process of reviewing a Charter’s financial records to decide if they are accurate and align with regulations, state laws and accounting standard. Audits are conducted by third-party external auditors that are CPA (Certified Public Accountants) or by an auditing firm. External … Read More
Why is PEIMS Accuracy Important?
The Public Education Information Management System (PEIMS) consists of four mandatory yearly data submissions. These submissions encompass all data requested and received by TEA about public education for all school districts in the state of Texas. Confirming the accuracy of your district’s PEIMS data is critical to ensuring that you are submitting a true account … Read More
Student Attendance Accounting Handbook (SAAH) Changes
The Student Attendance Accounting Handbook (SAAH) is published yearly by TEA and contains the official attendance accounting guidelines that must be followed by all school districts and open-enrollment charters in the state of Texas. The 2019-20 SAAH has recently been published and has many significant changes from the prior year’s handbook. With all of the … Read More
Census Block- New Fall PEIMS Data Element
Under HB3, Section 1.028, the Compensatory Education Allotment was modified to establish weighted funding based on the census block in which an economically disadvantaged student resides. Previously, the Compensatory Education Allotment was a single multiplier for each student that was considered Economically Disadvantaged. With these changes the Compensatory Education Allotment will now be a tiered … Read More
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