Annual Financial Reports

    Each year, charter schools, education service centers, and school districts must have their annual financial and compliance report audited by an independent auditor. The resulting annual financial and compliance report must then be submitted to TEA for review.

    Depository Contracts

    A school district or charter holder must have a depository contract with any bank into which the TEA deposits state funds. For requirements and procedures related to depository contracts, select one of the following:

    Electronic Submissions

    Charter schools, education service centers, and school districts are required to submit their annual financial and compliance report in electronic format.  The electronic format submission consists of two files:  an Adobe Acrobat© Portable Document Format (PDF) file and a GASB data text file (the text file is not required from charter schools).  In addition, most charter schools and school districts are required to submit their state compensatory education district and campus improvement plans in PDF.

    Fiscal Year Start Date Change

    The fiscal year of a school district begins on July 1 or September 1, as determined by the board of trustees of the district.  In order to change the fiscal year start date, districts must file with TEA a Notification of Intent to Change the Fiscal Year Start Date form.


    Presentations given by Financial Compliance staff at various conferences.

    State Compensatory Education

    State Compensatory Education is programs and/or services designed to supplement the regular education program for students identified as at risk of dropping out of school. The purpose is to increase the academic achievement and reduce the drop out rate of these students.

    Superintendent Payment Disclosure Form

    The Superintendent Payment Disclosure Form must be filed with the TEA not later than 60 days following execution of an agreement to make payments of any kind to a departing superintendent or any payment under such an agreement, whichever is sooner.  

    Contact Information for Financial Compliance Staff  

    The area code for all numbers is 512.    
     Baker, Patrick936-4628Bids & Contracts / Investigations / Transportation Reviews / CPA Reviews
     Dominguez, Elsa 463-7652Annual Financial Reports Desk Reviews / Depository Contracts / Fiscal Year Change
     Escobedo, Gayle    475-2372Annual Financial Reports Desk Reviews / Depository Contracts
     Hudspeth, John    463-9532Annual Financial Reports Desk Reviews
     Hurd, Shalonda 463-7059Administrative Support
     Jons, Justin 475-1778FSP Reviews
     Loseke, David475-2155FSP Reviews
     Marx, David    463-2945Division Director
     Matheny, Christina463-9530FSP Reviews
     Martin, Tiffany936-1776Annual Financial Reports Desk Reviews
     Moreno, Paul475-2228Manager, Financial Desk Reviews / Fiscal Year Change / Superintendent Buyouts 
     Munoz, John475-2032FSP Reviews
     Obregon, Alma    475-1993Annual Financial Reports Desk Reviews /  Superintendent Buyouts 
     Richmond, Michael475-3403Manager, Investigations and FSP Reviews
     Sadler, Sunny936-1777Bids & Contracts / Investigations / Transportation Reviews / CPA Reviews
     Simank, Larry936-6981Annual Financial Reports Desk Reviews
     Suarez, Marcia475-1779FSP Reviews
     Williams, Karen936-6982FSP Reviews
     Yang, Yang475-3476FSP Reviews

          A Division of Financial Compliance mailing list has been established to provide e-mail notifications of important deadlines and website updates.  To subscribe, go to the TEA email updates page, enter your e-mail address, and select Financial Audits from the list on the next page.

    Division of Financial Compliance

    Phone:  (512) 463-9095







    November 09, 2014

    New Look and New Address for TEA Website

    The Texas Education Agency has a new website, a new web address and a new logo. Learn more from a new feature - the commissioner's blog and don't forget to redirect your TEA-related links to

    November 06, 2014

    Generation 20 Charter Application Available

    The Generation Twenty Open-Enrollment Charter Guidelines and Request for Application (RFA) is now available. Charter applications must be received on or before Friday, Jan. 9, 2015.

    November 04, 2014

    2015 Independent Hearing Examiners Needed

    The Texas Education Agency is seeking qualified attorneys to act as independent hearing examiners in local school district employment hearings.

    October 29, 2014

    Statement of Commissioner Michael Williams Regarding the ECS Blueprint For College Readiness Report

    The Education Commission of the States (ECS) today released its Blueprint for College Readiness report, which features an analysis of the top 10 critical K-12 and higher education policies promoting college readiness and success. The State of Texas met seven of the 10 policies emphasized in the blueprint. The report also spotlights Texas’ campus and school district accountability system as an example of policy for other states to follow.