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CASTLEBERRY ISD scores 74 on TEA School FIRST; CFO flags solvency as main concern
Summary
William Wooten, chief financial officer for CASTLEBERRY INDEPENDENT SCHOOL DISTRICT, told the board the district scored 74 on the Texas Education Agency's School FIRST financial accountability rating, a 20-point drop driven largely by solvency measures.
William Wooten, chief financial officer for CASTLEBERRY INDEPENDENT SCHOOL DISTRICT, told the board the district's School FIRST financial accountability score for 2024'5 is 74 out of 100, a decline from 94 the previous year.
Wooten said the rating is based on audited financial data for 2023'4 and that the district passed all critical compliance indicators but lost points on solvency measures. "Out of a possible 100 points, we scored 74, which results in a C," he said.
The nut graf: the decline reflects short-term cash and liquidity pressures captured by three solvency indicators (days cash on hand; current assets to current liabilities; and whether general fund revenues met or exceeded expenditures). That solvency drop, Wooten said, accounted for nearly all of the 20-point decline in the overall School FIRST score.
Wooten gave…
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