Courtney Reeves, chief financial officer, presented Plano ISD’s 2024–25 Financial Integrity Rating System of Texas (School FIRST) results during the Oct. 21 public hearing. Reeves told trustees the district received an A (superior achievement) with a perfect score of 100 out of 100.

Reeves said Plano ISD met all four critical indicators required to pass School FIRST. She noted the district filed its annual financial report on Nov. 25, 2024 (within the November 27 filing window), and the external auditors Weaver & Tidwell issued an unmodified (clean) opinion. The district met debt‑payment and payroll obligations, had no warrant holds, and made timely payments to TRS, the Texas Workforce Commission and the IRS, Reeves said.

Reeves highlighted several solvency and competence measures: a three‑year change in fund balance of –0.38% (well above the negative 25% threshold); an assigned and unassigned fund balance of approximately $271 million (roughly 151 days of operating expenditures, compared with a 75‑day contingency threshold); a current-assets-to-current-liabilities ratio of 3.536 (above the 3.0 target for full points); and general‑fund days‑cash of about 250.94 days. The district’s administrative‑cost ratio was 0.05335 (full points for districts with ADA over 10,000), Reeves said.

Indicator 16 — which measures variance between PEIMS-submitted student and staff data and the annual financial report — produced a variance of 0.007% (well under the 3% ceiling). Reeves said these combined results yielded a perfect 100/100 rating, which she described as a testament to district financial stewardship.

Trustees praised the finance and accounting teams, and several board members noted statewide pressures: Reeves and trustees discussed an increase in the number of districts that have failed FIRST in recent years and possible reasons, including paused TEA indicator flexibility being lifted and heightened compliance burdens.

No board action was required; the presentation served as the required public hearing to discuss the district’s annual financial management report and the School FIRST rating.