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District receives a C on TEA financial accountability rating; administration outlines corrective steps
Summary
Under the Texas Education Agency's Financial Integrity Rating System of Texas (FIRST), the district earned a C (score 72) for fiscal year 2024; staff said the district failed indicators related to fund balance decline and days of cash on hand and has begun implementing strategies to improve.
The district received a C rating (overall score 72) under the Texas Education Agency's Financial Integrity Rating System of Texas (FIRST) for the report covering fiscal year 2023–24, district staff told the board at the Sept. 9 meeting. "For this year, our district did receive a C rating based on these indicators," the finance presenter said.
The FIRST rating comprises 21 indicators that measure financial management and solvency. Administration reported the…
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