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Reporting Requirements for Annual Financial Reports of State Agencies and Universities

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Reporting Requirements for Annual Financial Reports of State Agencies and Universities

Universities

Organization of AFRs for University Systems, Component Universities & Independent Universities
Accounting and Reporting on Various Tuition Set-Aside Funds

Various state statutes require the governing boards of institutions of higher education to set aside certain percentages of tuition collected from students enrolled in various programs. The accounting and reporting requirements for these tuition set-aside funds can be found in Processing Requirements for Various Tuition Set-Aside Funds (FPP A.040).

The tuition set-aside funds include:

  • Dental schools (appropriated fund 02XX)
  • Dental hygienist degree or certificate programs (appropriated fund 02XX)

As established by Texas Education Code (TEC), section 56.011 and 56.012, institutions of higher education that charge designated tuition are required to set aside funds for financial assistance. Each institution must set aside not less than 15% of any amount of designated tuition charged to a resident undergraduate or graduate student in excess of $46 per semester credit hour. For more information regarding tuition set-asides and an example on how to calculate the tuition set-aside amount, see the Texas Higher Education Coordinating Board’s Tuition Set-Asides page.