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New Caney ISD earns A under FIRST; board reviews required financial disclosures
Summary
District finance staff presented the Financial Integrity Rating System of Texas (FIRST) results, announcing an A rating based on 2023–24 data and reporting required disclosures about the superintendent's contract and reimbursements; the board accepted the report.
New Caney Independent School District reported an A rating under the Financial Integrity Rating System of Texas (FIRST) for the 2024–25 cycle, based on 2023–24 data, and presented required disclosures for the superintendent and board at the public hearing.
Ms. Shalette presented the FIRST rating and walked the board through 21 indicators that comprise the score. She announced, “I'm pleased to announce that New Caney ISD received an A once again, for superior achievement.” The district met all four critical indicators that would otherwise trigger a substandard rating if failed: timely annual financial report submission, an unmodified (clean) audit opinion, compliance with payment terms for debt agreements, and timely payments to TRS, TWC and IRS.
The district received full points on most indicators, including cash on hand, current ratio, general fund revenue relative to expenditures, audit transparency and posting of required financial information. The district lost points on indicator 12 (future debt requirements relative to assessed property values), receiving 4 of 10 points there; presenters said the district is a fast-growth district with a high debt burden and limited property tax base, which affected that indicator.
As part of the FIRST public hearing, staff disclosed executive-level financial items the board must report. The superintendent's employment contract is posted on the district website, district staff said, and reimbursements paid on behalf of the superintendent were reported. The presenter identified a reimbursement figure of $5,036 for Superintendent Matt Calvert and said no outside consulting compensation or gifts over $250 were reported for the superintendent. The presenter also stated there were no business transactions between the district and board members during the reporting period.
The presentation was informational and the statutory public hearing requirement was satisfied; the board moved on to other business with no separate action required on the FIRST results.
