ACT106 Financial Coding

What does the acronym FASRG stand for in Texas School Finance?

• Finance Accounting System Real Good

• Financial Accountability System Resource Guide

• Financial Account Sure Reality Guide

• None of the above.

A school district is required by state law to:

• Use the uniform account codes set forth in FASRG

• Have a standard school fiscal accounting system

• Have an annual independent audit

• Report data to TSDS PEIMS

• All responses are correct

What is the purpose of the TSDS PEIMS?

• To collect data about public education

• To create performance reports

• To evaluate legislation

• To calculate compliance with required spending

• All responses are correct

How many total digits are there available in the TEA account code?

• 15

• 25

• 30

• 20

In the FASRG, what does the R indicate when shown to the left of the account code elements?

• A real code

• A rare code

• A required code for reporting purposes

• None of the above

School districts should establish and maintain only the ____ number of funds as required by law and sound financial administration, as opposed to a set required number or many unnecessary funds.

• Minimum

• Maximum

How many digits of the account code are required for PEIMS reporting?

• 15

• 25

• 30

• 20

For public school districts, what is the fund number of the general fund?

• 313

• 410

• 199

• 210

The function code is a two-digit code that determines the ____.

• Intent of the program

• Purpose of the transaction

What function is used for staff development for instructional related personnel?

• 11

• 12

• 13

• 36