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West Oso ISD receives 84 on Texas FIRST; auditors flag low cash reserves
Summary
At a first public hearing on the Financial Integrity Rating System of Texas, district staff reported an overall score of 84 — an “above standard” result — while noting weak cash-on-hand and liquidity ratios that kept the district from a higher rating.
West Oso Independent School District reported an 84 rating Friday in the Financial Integrity Rating System of Texas hearing, a score classified as “above standard.” Ms. Mendez, a district staff member presenting the report, told trustees the district met most FIRST indicators but scored poorly on cash-on-hand and current-asset liquidity measures.
The FIRST rating, established by Senate Bill 875 (1999), uses about 20 fiscal indicators to evaluate school financial health. "The district received an unmodified opinion," Ms. Mendez said, referring to the external audit, and noted the district submitted its annual financial report on time. "However," she added, "the TA expects you to have 90 days of current cash or investments and we…
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