❏ August Accruals
❏ Finance EOY Process
❏ First Payroll of the School Year Process

❏ For August 31 year-ends:

• Enter campus activity (fund 461) and student activity balances (fund 865), if needed.
• Begin audit preparations.
• Review records for retention and filing.

❏ Verify the accuracy of payroll distribution and PIC codes.

❏ Work on fall staff UID.

❏ Import/update employee benefits and verify data for the new plan year (Sep-Aug).

❏ Verify the TRS rates and state minimum salaries before processing any payrolls.

❏ Report new contracts to TRS.

❏ Review and verify prior year Near-Final Summary of Finances and TEA settle-up. Also, review Chapter 41 Cost of Recapture report and settle-up.

• Student data should match PEIMS.
• Tax revenue should match the amount reported by the LEA via the TEAL FSP System in August.
• Be sure certain staff allotment and transportation allotment have amounts. If zero, the LEA missed the deadlines to report. Take action now to complete the required reporting so that TEA can revise when the Final SOFs are generated in the spring.

❏ Fiscal agents should send estimate of Mid-Year PEIMS 033 records for LEAs to use in reviewing IDEA_B MOE compliance status.