What’s New on FMX?

The following Financial Reporting reference topics have been updated with fiscal 2025 information:

• Summary of Federal Expenditures by State Agency — includes Notes to the Schedule of Expenditures of Federal Awards (SEFA).
• Single Audit Report Package for Texas — completed in conjunction with the State Auditor’s office.

Email sefa@cpa.texas.govwith questions.

May is Direct Deposit Month, a yearly reminder that direct deposit payments save the state money and offer a safe, convenient method of payment to the state’s payees. Each agency should review its direct deposit practices to protect itself and its customers.

See Promoting Direct Deposit for more information.

Security coordinators are required to certify that their records are up to date through a semiannual security verification process that is concurrent for all Fiscal Management applications.

• Review the instructions for the Semiannual Verification of Users’ Security Access Levels (FPP K.009) (login required).
• Download and review the Agency Security Coordinator Reports (login required).
• Complete and return the Attestation form (73-326) to the Comptroller’s office by May 14.

If you have questions, email ssa.security@cpa.texas.gov.

An accounting policy meeting will be held May 27, 10 a.m.–noon. Topics include:

• Preparation for USAS automated profile rollovers.
• Texas bond issuance and associated working capital cash flow.
• AFR Note 6, bond indebtedness.
• GASB Statement No.104, Capital Assets Held for Sale.

Attend the presentation in person or online (via webinar). See the Accounting Policy Meetings page for more information.

Expenditure audit reports for the first quarter of fiscal 2026 are available. See the Audit page for all reports, forms, fiscal policies and procedures, and audit contact information.

U.S. Bank will no longer override account suspensions for the charge card contract 946-M4 after June 30.

Agencies will have a 60-day grace period from May 1 through June 30. Starting July 1, any account with a past-due balance will be suspended. After July 1, any account that reaches a 60-day status (carrying a 30-day past-due balance) will be suspended. Agencies must pay balances due in a timely manner to avoid account suspension.

See State of Texas Payment and Travel Card Program for more information.

Deadlines for agencies listed in Fiscal 2025 Statewide Cost Allocation Summary of Fixed Costs by Agency are:

• April 30 – Statewide Cost Allocation Worksheet due.
• May 14 – Fiscal 2025 Agency Statewide Cost Allocation Plan by Method of Finance data available.
• June 4 – General Revenue Reimbursement of Statewide Allocated Costs form and Federal Funds Reimbursement Calculation form (only for listed agencies with federal funds) due.
• July 31 – First- and second-quarter payments due.
• Aug. 26 – Third- and fourth-quarter payments due.

See General Revenue Reimbursement for Statewide Allocated Costs (FPP A.022) for instructions, contacts and forms.