Report Location: Finance > Finance Custom Reports > Financial Well Being Reports > M & O Tax Rate and Ending Fund Balance in the General Fund By Fiscal Year
Summary: Displays M&O tax rate (Maintenance & Operations) across years as compared to ending general fund balance.
Usage: Review for accuracy. Compare tax rate relative to ending fund balance.
Data Sources: Mid-Year PEIMS submission and Texas State Comptroller.
Definitions:
Ending Fund Balance-PEIMS 20032 ActualExtension
Fund Code(E0316) Total for General Fund Codes 101, 102, 199, or 420 (Code Table C145).
Object Codes(E0318) Total for codes 3400 through 3699 (Code Table C159).
Resources for definitions and calculations:
The Tax Rates are released annually and published on the Texas Comptrollers website. https://comptroller.texas.gov/taxes/property-tax/rates/
Please note- Actual expenditures for a school year are submitted to TEA the following school year. Example; all revenue and expenditures for the 20-21 school year are reported to TEA in January 2022, during the 21-22 school year. Therefore, updated data for this report can only be generated by the district during the following year.
Mid-Year PEIMS files in OnDataSuite are associated with the year the data is reported (actual 2020-2021 data) as opposed to the year PEIMS collects (2021-2022). All reports reflect the use of the Mid-Year PEIMS data accurately upon the TEA PEIMS collections schedule.