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College Station ISD earns a "superior" School FIRST financial rating, scoring 98 of 100
Summary
District finance staff reported a School FIRST rating of 98/100 for the 2023–24 fiscal year; trustees heard a detailed explanation of indicators and the district's financial position.
College Station Independent School District reported a "superior" School FIRST financial rating of 98 out of 100 for the 2023–24 fiscal year during the Sept. 16 board meeting.
District finance staff presented the School FIRST results and walked trustees through key indicators that measure filing timeliness, auditor opinion, debt payments, cash-on-hand and other fiscal health metrics. Presenters said the district filed its annual financial report on time, received an unmodified auditor opinion, paid debt and lease obligations on schedule and did not have warrant holds. The district exceeded thresholds on several cash and fund-balance measures that factor into the score.
Administration noted the district lost two points on an indicator tied to long-term bonded debt ratios (a long-term-debt metric above 0.6 reduced available points). Presenters recommended continued monitoring of long-term debt-to-assessed valuation metrics as remaining bonds are sold and retired.
Board members and staff described the rating as confirmation of sound fiscal practices and controls. "College Station ISD received a superior rating scoring 98 out of a possible 100 points on our School FIRST rating," presenters told the board. Trustees had no votes tied to the rating; the item was presented as an informational report.
