Historical Rule for the Texas Administrative Code
|PART 2||TEXAS EDUCATION AGENCY|
|CHAPTER 109||BUDGETING, ACCOUNTING, AND AUDITING|
|SUBCHAPTER AA||COMMISSIONER'S RULES CONCERNING FINANCIAL ACCOUNTABILITY RATING SYSTEM|
|RULE §109.1001||Purpose of Financial Accountability Rating System|
The purpose of the financial accountability rating system is to ensure that school districts will be held accountable for the quality of their financial management practices and achieve improved performance in the management of their financial resources. The system is designed to encourage Texas public schools to manage their financial resources better in order to provide the maximum allocation possible for direct instructional purposes. The system will also disclose the quality of local management and decision-making processes that impact the allocation of financial resources in Texas public schools. An evaluation of the long-term effectiveness of the system should disclose a measurable improvement in the quality of Texas public schools' financial decision-making processes.
|Source Note: The provisions of this §109.1001 adopted to be effective October 20, 2002, 27 TexReg 9572|