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Alvin ISD earns 98 of 100 on state financial integrity rating, board hears details
Summary
At a public hearing the district's presenter said Alvin ISD scored 98 out of 100 on the Financial Integrity Rating System of Texas for 2023-24 data, with 19 of 21 indicators perfect; trustees had no public questions and later approved routine consent items.
Dr. Combs, presenting the Financial Integrity Rating System of Texas report, told trustees the rating uses 2023-24 PEIMS and audit data and is designed to measure districts'financial management and the share of resources directed to classrooms.
"In Alvin ISD, we have received a 98 out of a 100 from the state of Texas regarding our financial integrity," Dr. Combs said, crediting board leadership, Superintendent Nelson and district finance staff for the result. He noted the rating is a lagging indicator based on the prior school year's data.
The presenter explained the system evaluates 21 metrics. Nineteen indicators earned perfect scores, he said; indicator 10 (variance between projections and actual budgets) was not scored this year and indicator 12—which measures bond sales relative to property values—presents challenges for fast-growth districts that issue bonds to fund new schools. Dr. Combs cautioned that changes in legislative funding mechanisms can make some measures difficult to score.
The public hearing portion concluded with no members of the public asking questions. Trustees later moved on to routine business and approved consent items and other agenda items by unanimous votes.
The board has been invited to review the district's 400-page budget book, which the presenter said was posted this week, for greater detail on spending and projections. No formal action on the rating itself was required at the meeting.
