❏ Complete the template estimate using first semester data.

❏ In odd years, begin bank depository contract renewal or prepare for RFP or RFQ.

❏ Complete indirect cost rate application if needed. (Note: LEAs claiming SHARS/Medicaid reimbursement will usually need to do this.)

❏ File the Annual Financial Report (audit) with TEA. (Due January 28th.)

• Review the audit draft, and pay attention to the items that impact FIRST rating: unmodified audit opinion, no material weaknesses in internal controls, no instances of noncompliance material to financial statements, and positive net assets on the Statement of Net Assets.
• Ensure that the board will accept the audit prior to TEA's due date.
• Verify if the auditor or LEA will electronically submit the audit to TEA.
• Verify if the auditor will send to MAC if the LEA has outstanding bonds. Verify if any other entities should receive a copy of the audit (grant agencies, etc.).
• Publish the audit Statement of Revenues, Expenditures, and Changes in Fund Balances in the local newspaper.
• Post audit opening balances, if needed. Review the opening balances and correct them as needed.

❏ Complete the PEIMS Mid-Year submission.

❏ Fiscal agents should send member districts 033 records to use in reviewing final prior year compliance with IDEA-B MOE.