The SY 2023-2024 final summary of finances (SOF) reports now includes the following:
- M&O and I&S tax collections from the district’s J-1 schedule of their Annual Financial Report (AFR)
- Tax refunds under Tax Code, Section 26.1115(c) reported from the J-1 schedule of the AFR
- Transportation data from the Route Services Report submitted after near-final settle up or zero if not submitted
- Extended School Year services data for students with disabilities from PEIMS submission #4
- Optional Flexible School Day Program (credit recovery) data for certain districts from PEIMS submission #4
- College Preparation Assessment and Certification Examination Reimbursements
- Action Required: If your district receives an email from TEA requesting verification of taxes refunded under 26.1115(c), Tax Code, please respond to the request as soon as possible. Otherwise, incorporation of your district’s updated values may be delayed.
Forthcoming updates to the 2023-2024 SOF reports are expected in the coming week and will include the following:
- New Instructional Facility Allotment data from Days of Instruction Surveys in the FSP system
- Final settle up for facilities funding (IFA/EDA)
- Resulting balances on the 2023-2024 payment ledgers will either be paid or transferred to reduce payments in 2024-2025, as applicable.
Questions can be directed through email to sfinance@tea.texas.gov, or by calling (512) 463-9238.
