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Willis ISD posts 'superior' financial rating, CFO cites strong reserves and cash position
Summary
Willis Independent School District earned 98 of 100 points on the Texas School Financial Integrity Rating (first rating) for fiscal 2023–24, driven by high days of cash on hand, positive fund balance measures and no material audit findings; one solvency indicator showed slightly reduced points.
Willis Independent School District scored 98 out of 100 points — a “superior” rating — on the state'mandated School Financial Integrity Rating for the 2023'24 audit year, Chief Financial Officer Garrett Monde told the board on Oct. 8.
The rating covers the district'level Annual Financial Report (AFR) for the period Sept. 1, 2023, through Aug. 31, 2024, and uses 21 indicators that assess audit timeliness, solvency and other financial controls. "We received 98 out of 100 points, with a superior rating," Monde said.
Why it matters: the first rating is intended to give the public a summarized view of a school district's fiscal health and is used by the state to hold districts accountable for…
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