A Performance Audit
A Report on Compliance With Investment and Reporting Requirements Under the Public Funds Investment Act and Special Provision § 6(5)
June 2026
Overview
Most agencies, higher education institutions, and community colleges subject to the Public Funds Investment Act (PFIA) provided compliance audit reports that demonstrated full or substantial compliance with PFIA. However, one higher education institution provided a report that demonstrated minimal compliance.
In addition, all higher education institutions and community colleges fully complied with Special Provision § 6(5)—Special Provisions Relating Only to State Agencies of Higher Education, Section 6, Subsection 5, pages III-293 through III-294, the General Appropriations Act (89th Legislature)—and State Auditor’s Office requirements.
COMPLIANCE WITH PFIA
All entities subject to PFIA submitted the required compliance audit reports. In addition, all but one entity fully or substantially complied with PFIA.
Agency Compliance | p. 4
Higher Education Institution Compliance | p. 6
Community College Compliance | p. 8
COMPLIANCE WITH SPECIAL PROVISION § 6(5) REQUIREMENTS
All higher education institutions and community colleges complied with Special Provision § 6(5) and State Auditor’s Office requirements.
Higher Education Institution Compliance | p. 6
Community College Compliance | p. 8
