THECB.TACCBO Update - October 25, 2023 - Funding Policy and Team Overview

The THECB.TACCBO update on October 25, 2023, focuses on the FY24 Formula Timeline, Funding Policy Directions for FY25, and an overview of the CCFP team. Discusses performance tier forecasting, settle-up funding adjustments, and base tier continuity. The CCFP team comprises key roles such as Director of Forecasting and Director of Data Management. Questions and comments are welcome on formula funding and FAST process.

• THECB
• TACCBO
• Funding Policy
• FY24
• FY25

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1. THECB TACCBO Update October 25, 2023 THECB TACCBO Update Chris Fernandez, Sr. Director, Community College Finance Program Emily Schmidt, Director of Fiscal Managements, CCFP Leah Smalley, Sr. Policy Director, Student Financial Aid Programs

2. Agenda Agenda 1. FY24 Formula Timeline 2. Major directions for funding policy 3. CCFP team 4. Q&A- formula and FAST 2

3. FY24 Formula Timeline FY24 Formula Timeline FY24 regular rules- open comment through mid-Nov Access via TX Register; comments to funding@highered.Texas.gov Jan 25 Board consideration; ~Feb 15 effective date ~Jan 26: open comment for April FY25 rules Feb 15: 3-Pay #2 (25% of formula total) April 24: Board consideration of April FY25 rules ~April 26: open comment for July FY25 rules May: near-final FY25 runs June 15: 3-Pay #3 (25% of formula total) July 24: Board consideration of July FY 25 rules August: final-final FY25 runs 3

4. Directions for Funding Policy Directions for Funding Policy FY25 Performance Tier Forecasting Projecting outcomes with a transparent, accessible methodology that includes guardrails FY25 Settle-Up Funding adjustments to future years to account for differences between FY25 forecasts and actuals Refining Definitions Working with CCSAC on policies like high-demand fields, workforce credentials, and adult learner Base Tier Continuity Exploring automatic mechanisms to ensure reliable Base Tier funding 4

5. The CCFP Team The CCFP Team Alison Gilliam, Director of Forecasting Noor Abdulaziz, Director of Data Management Emily Schmidt, Director of Fiscal Management Liaison to SAC and TACCBO Emily.Schmidt@highered.Texas.gov 5

6. Q&A Q&A We welcome questions or comments on formula funding or FAST

7. Thanks! Thanks!