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Temple ISD retains high FIRST rating; finance director reports stable fund balance and cash-on-hand
Summary
Temple ISD trustees approved the district's rating under the Financial Integrity Rating System of Texas (FIRST), with staff reporting a 96 out of 100 score, a $41.6 million unassigned and unrestricted fund balance for FY 2023-24 and 109 days cash on hand for the rated year.
Temple ISD trustees on Sept. 8 approved the district’s rating under the Financial Integrity Rating System of Texas (FIRST) after a staff presentation that highlighted the district’s fiscal stability, strong fund balance and multi-year financial indicators.
Assistant Superintendent of Finance Brandy Stanford told the board the district maintained an “A” rating and scored 96 out of 100 for the rated year. “We ended with a fund balance in the 23–24 of unassigned and unrestricted fund balance of $41,600,000.0,” Stanford said, adding that the…
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