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Joshua ISD gets B on state financial accountability rating; board holds public hearing
Summary
Joshua ISD reported an 82-point First Rating and a 'B' (above standard) in a public hearing; district staff detailed indicator-level results and required disclosures, and the board closed the hearing and moved to routine business.
Joshua ISD officials told the school board during a public hearing that the district scored 82 points on the state First Rating for 2024–25 and received a rating of B, an "above standard" result. The hearing reviewed indicator-level results and additional reporting obligations required by state rules.
The presentation, opened to the public at 07:07, explained the First Rating is based on 2023–24 financial data and includes four critical indicators plus multiple solvency and financial-competence measures. The district passed all critical indicators, including timely submission of the annual financial report (AFR) and receiving an unmodified audit opinion. The presenter reported the district had 42 days of cash on hand, a three-year average fund-balance decline of 20.9% (better than the 25% threshold), and a current assigned/unassigned fund balance equal to about 37 days of expenditures. "So our rating is a B, which is above standard," the presenter said.
The presenter walked the board through other scored elements: asset/liability ratios, administrative-cost thresholds, the district's ratio of long-term liabilities to assets, ADA projection ranges, and controls over financial reporting; several indicators received full points. The presentation noted one indicator was not evaluated this year and that the district received a partial/zero score on the revenue-versus-expenditures indicator because revenues did not exceed expenditures and cash on hand was below the 60‑day benchmark.
District staff also described additional reporting requirements tied to the First Rating. Those requirements include posting a copy of a specified plumbing contract on the district website and preparing summary schedules of expenditures paid on behalf of the superintendent or reimbursements received, including any gifts valued at $250 or more during the fiscal period reported (ending Aug. 31, 2024). The public hearing closed at 07:15.
Board action following the hearing moved to routine agenda items and did not change the rating or the reporting items presented. The district did not announce additional corrective actions during the hearing; staff noted the district will comply with the disclosure and posting obligations explained in the presentation.
