Audited Annual Financial Reports

Every year the State of Texas requires a school district to  prepare its annual financial statement by  fund  which is subject to the authority of the Board of Education.  Sec. 140.005 of the Texas legislature statues states;  the  audit statement must provide the total receipts of the fund, itemized by source of revenue, including taxes, assessments, service charges, grants of state money, gifts, or other general sources from which funds are derived; the total disbursements of the fund, itemized by the nature of the expenditure and the balance in the fund at the close of the fiscal year.