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Officials discuss adopting FASRAG, revising depository-contract and comp‑ed reporting rules
Summary
Meeting participants reviewed proposed rule language to adopt the Financial Accountability Systems Resource Guide by reference, update state compensatory-education reporting, and revise the uniform depository-contract procedures, with staff saying rule reopenings will be possible if the legislature changes statute.
Meeting participants discussed proposed rule changes to adopt the Financial Accountability Systems Resource Guide (FASRAG) by reference, update reporting requirements for the state compensatory education program and revise the uniform bank bid/RFP and depository-contract rules.
A staff member described three elements of the package: requirements for certified public accountants and reporting procedures for the state compensatory education program; adoption by reference of the Financial Accountability Systems Resource Guide; and Subchapter D, the uniform depository-contract and request-for-proposal documents districts must use when contracting with banks. "Requirements for the CPAs,…
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