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Victoria ISD earns 'Superior' Financial Integrity (FIRST) rating, CFO cites strong reserves and compliance
Summary
CFO Michelle Yates reported that Victoria ISD received a ‘Superior’ rating under Texas’s School FIRST financial accountability system, passing the four critical indicators and maintaining fund balance and cash-on-hand thresholds.
Victoria Independent School District reported a “Superior” rating under the Texas Education Agency’s School FIRST (Financial Integrity Rating System of Texas) assessment for the 2023-24 fiscal year, Chief Financial Officer Michelle Yates told the board.
Yates said the district passed all four critical FIRST indicators required for a superior rating, including timely submission of required financial reports, an unmodified external auditor's opinion, compliance with debt agreements and timely payments to government agencies. "The School FIRST stands for Financial Integrity Rating System of Texas," Yates said while summarizing the program’s…
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