A&M System Becomes First University System in State to Post Expenditures Online
COLLEGE STATION-The Texas A&M University System has become the first university system in Texas to post comprehensive expenditure reports on the internet. Making the reports readily available is part of the System's ongoing effort to increase transparency of its financial
information and accountability in spending and a high priority of Texas Governor Rick Perry. The reports are located on the System website at http://tamus.edu/financial/transparency.
"Our institutions of higher education offer the best bang for taxpayer buck in the nation and now Texans can see for themselves where their hard-earned dollars are going at the Texas A&M System," Gov. Perry said. "Add this accomplishment to the list of many things I am very proud of the A&M System for taking the lead on."
"I applaud the Texas A&M University System for taking the lead among higher education institutions in showing detailed expenditures online," said Texas Comptroller Susan Combs. "Starting in January, the Comptroller's office began posting expenditures for state agencies on our website because Texans deserve transparency. As we continue this initiative, we are also working on implementing new legislation that creates a comprehensive, searchable state expenditure database."
"The citizens of Texas deserve to know exactly how their tax dollars are being spent on education, research and service programs," said Texas A&M University System Chancellor Michael D. McKinney. "We are fulfilling the expectations set by the Governor, Comptroller and Legislature by making this information accessible to the public in great detail."
The Texas A&M System reports include expenditure information for fiscal year 2007 to date, as well as information from fiscal years 2006 and 2005. Information is posted for the System Offices and for each of the System's nine universities, seven agencies and health science center. The reports, which will be updated quarterly, include information on salaries, employee benefits, operations and maintenance, utilities, debt service, and a multitude of purchases made through procurement and bid processes.
"Spending resources responsibly is our top priority," said B.J. Crain, the A&M System's associate vice chancellor for budgets and accounting. "We have worked to prepare online reports that are well-organized and easy to understand. The procurement process can be complicated, but we are dedicated to promoting opportunity for vendors, including historically underutilized businesses."
The effort to increase financial transparency across the A&M System aligns with the Window on State Government project launched earlier this year by Combs. The project includes a website at http://www.window.state.tx.us/ with links to recent expenditure reports of several state agencies, with plans to add more.
About the A&M System
The A&M System is one of the largest systems of higher education in the nation, with a budget of $2.6 billion. Through a statewide network of nine universities, seven state agencies and a comprehensive health science center, the A&M System educates more than 103,000 students and makes more than 15 million additional educational contacts through service and outreach programs each year. Externally funded research brings in almost $620 million every year and helps drive the state's economy.
This page was last updated on: January 06, 2012