Top Five List

Top Five List

1.    The district budget must be prepared by a date set by the state board of education, currently August 20 (June 19 if the district uses a June 30 fiscal year end.

2.6.1 Statement of Texas Law

 

2.    The budget must be legally adopted before the adoption of the tax rate. 

2.6.1 Statement of Texas Law

 

3.    The budget must be adopted by the board of trustees, inclusive of amendments, inclusive of amendments, no later than August 31 (June 30 if the district uses a June 30 fiscal year end).

3.6.2     TEA Legal Requirements

 

4.    Two critical dates for budget preparation have been mandated by TEA. These dates (as noted in the previous section, Legal Requirements for Budgets) are:

August 20th – for August 31 fiscal year end

June 19th -- for June 30 fiscal year end

The budget must be prepared by these dates in order to meet the publication requirement of 10 days public notice in a newspaper for the public notice of budget adoption.

2.7.2.2 Preparation of the Budget Calendar

 

5.    As budgeted funds are expended, periodic monitoring of the budget should be conducted in accordance with responsibility accounting.

2.10.4 Monitoring the Budget

 

These are all crucial elements to completing the budget according to Texas law.