ACCESS the Texas Education Agency Website at www.tea.state.tx.us. At the TEA home page, SELECT “F” from the A-Z index, then SELECTS the TEA’s Financial Accountability System Resource Guide link and OPEN Module 1, FAR. USE the index to LOCATE their Account Codes. Is their code structure adequate to meet GASB classification requirements? Do the function and program categories agree with the classifications in your book?

Using the CAFR you obtained in the beginning of the learning plan, answer the following questions. Referring to the government-wide financial statement of activities explain how the program revenues and expenses are classified. Are expenses and program revenues reported using a function or program classification? Do any function or program categories show net revenues or do they all show net expenses? Is the fact that most, if not all, functions or programs show a net expense a problem? Why or why not?