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Taylor ISD reports seventh consecutive "Superior" FIRST financial rating at public hearing
Summary
Taylor Independent School District presented its Financial Integrity Rating System of Texas (FIRST) results in a public hearing, reporting a 94/100 score and a "Superior" rating for the seventh straight year; the district's finance presenter reviewed the 21 indicator tests and disclosure items and took no public comments.
Taylor Independent School District presented its Financial Integrity Rating System of Texas (FIRST) results during a public hearing Monday evening, reporting a score of 94 out of 100 and a "Superior" rating for the seventh consecutive year.
The finance presenter summarized each of the FIRST program's 21 indicator tests and the district's disclosures, saying, "we have been able to maintain a superior rating," and noting the district achieved top marks on many indicators, including timely audit submission and internal controls. The presenter said Taylor ISD's fund balance was sufficient to cover obligations for 179 days after the fiscal year ended and reported multiple 10-of-10 indicator scores.
The presenter described specific indicators: tests 1 and 2 (timely annual financial report and an unmodified audit) were passed; tests measuring on-time payments including TRS and IRS payments were passed; indicators related to net position and spending versus revenue were passed. The presenter said indicator 11 earned a 6-of-10 score and that the district "did pass" indicator 21 regarding adjusting repayment schedules. The presenter also listed required disclosures related to the superintendent's contract and reimbursements, stating that no gifts or outside compensation were reported and that one business transaction with a board member (Anita Bolek) was disclosed.
Board member Jenna opened and closed the public hearing; she said, "This is a public hearing. So if there's any comments from the public on this report, please feel free to ask a question to our CFO," and later, "Seeing that there are no, comments or public comments on the report, I will close the public hearing at 06:57PM." No public comments were recorded during the hearing.
The presenter thanked finance staff and building principals for their work preparing the budget and the audited reports and offered a link to district rating comparisons for those seeking further detail.
The public hearing was followed by the regular board meeting. No formal action on the FIRST report was recorded in open session at the hearing itself; the presentation served as the statutorily required public review of the rating and disclosures.
Details and supporting documents for the FIRST rating and the superintendent disclosures were said to be available on the district website; the presenter invited questions but none were asked during the hearing.
