Include Fund 266 in Fund 199 for PEIMS Budget Submission

10/29/09

TEA has posted this letter directing districts to include the SFSF funds in the general fund before submitting the budget to PEIMS and to move them out for the audit.

To maintain comparable data among fiscal years, it will be necessary to combine State Fiscal Stabilization Fund (SFSF) funds that have been assigned fund code 266 with your district’s general fund (fund 199 for school districts or fund 420 for charter schools) funds for PEIMS budget submission purposes only. This is necessary since amounts for Foundation School Fund (FSF) and Available School Fund (ASF) were paid using SFSF dollars.

If your district prepared its general fund budget with the SFSF funds included, your district would just report the general fund budget as prepared assuming the SFSF funds were still included on the Snapshot date of October 30, 2009. For audit purposes, the SFSF funds will need to be moved to fund 266 after the PEIMS Submission 1.