As part of the Financial Operations division, Financial Reporting & Operations is responsible for the accounting and financial reporting, receivables management and payroll services for the System.

Texas Transparency

Texas Education Code 51.9741 requires institutions of higher education to post on its website a copy of the institution's financial transactions to the extent necessary to provide, for each payment drawn from money appropriated from the state general revenue fund or received as student tuition or fee payments: (1) the amount of the payment; (2) the date of the payment; (3) a brief description of the purpose of the payment; and (4) the name of the payee. 

LSC does not distinguish payments by their funding source; state appropriations, tax revenues, student tuition and fees, or other revenues (grants, etc.).  The chart below indicated LSC's priorities in spending these revenues, per the board-approved budget. The prior year data source is the Annual Comprehensive Financial Report and the current year source is the board-approved budget.

Financial Transactions

Texas Comptroller of Public Accounts Online State Expenditure Database

Texas Government Code, Section 659.0201(b), requires that a state agency that accepts a gift, grant, donation, or other consideration from a person that the person designates to be used as a salary supplement for an employee of the agency shall post on the agency's Internet website the amount of each gift, grant, donation, or other consideration provided by the person that is designated to be used as a salary supplement for an employee of the agency.

The below chart provides the total grant amount provided for Fiscal Year 2024 to pay towards salary supplements.

Grant Per Year University of Houston-Downtown $767.28 Department of Education $13,491.18 University of Texas $4,437.50 Dallas College Foundation $10,725.44 Communities Foundation of Texas $4,958.96 Texas Workforce Commission $1,659.84 Sam Houston State University $2,313.38 Texas Workforce Commission $463.80 Houston Endowment $4,967.04

Contact Information

Accounting & Financial Reporting

Student Financials & Accounts Receivable