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Prosper ISD reports School FIRST rating of 96; only deduction tied to growth‑related taxable value
Summary
In a Nov. 17 public hearing, Prosper ISD officials said the district met all but one School FIRST indicator and received an overall rating of 96, with the only reduction linked to Indicator 12 (taxable value/debt) because of borrowing for construction.
Prosper ISD officials told trustees and members of the public on Nov. 17 that the district earned a 96 on the School FIRST (Financial Integrity Rating System of Texas) review for the 2024–25 rating year, based on 2023–24 financials.
Missus Croix, who presented the district's School FIRST packet, said the district met 21 required indicators used by the Texas Education Agency and related review processes. "We passed all of our indicators, scored an overall rating of a 96," she said, adding that the district had no concerns in audit timing or opinion and scored top marks on short‑term liquidity and debt service questions.
Officials said the only reduced score came on Indicator 12, which measures the relationship between taxable value and the district’s debt (a ceiling indicator). Missus Croix attributed the partial deduction to ongoing borrowing for recent construction and growth support. She noted the ceiling and pass/fail structure of certain items in the FIRST framework and said the district remains compliant with transparency and reporting requirements.
The presentation covered a range of individual measures: audit filing timeliness and unmodified audit opinion; on‑time debt service; fund balance sufficiency; revenue forecasting accuracy; and compliance with state posting and grant requirements. For many measures Prosper ISD reported perfect or near‑perfect scores, and administration said teams responsible for PEIMS and finance had been instrumental in the results.
The public hearing closed with no public speakers on the FIRST rating. Board members did not propose further action after the presentation.
What happens next: the district’s FIRST report and the underlying audit remain posted in the business services area of the district website, and trustees said they will continue routine oversight of financial planning and debt strategies.
