Can You Answer These Questions About Your District?

Things a trustee should know according to The Texas Association of School Boards

Is there an adequate fund balance in the General Fund, Debt Service Fund, and Child Nutrition Fund?

�􀂄 Are monthly cash flow projections prepared?

􀂄 Are budget reports provided to all stakeholders?

􀂄 Are budget amendments current?

Is there a business office procedures manual

and/or administrative guidelines?

􀂄 Are comparisons made to other districts?

􀂄 Are there a number of deficiencies in Annual

Financial and Compliance Report and

management letter?

􀂄 Have all concerns from the prior year’s

management letters been resolved?

Any significant variances between budget and actual

revenues and expenditures?

Do you believe your trustees, at present or for the past decade, would need a conservator,if they had gotten these questions under control?