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Laredo ISD earns A on state finance rating; public commenter warns of district deficit
Summary
Laredo ISD trustees heard a finance presentation showing an "A" (superior) rating from the Texas accountability system while a public commenter accused district leadership of overstaffing and said the district faces a multimillion-dollar shortfall; trustees approved modest budget transfers and other routine items.
Laredo Independent School District officials told trustees Dec. 12 that the district earned an A ("superior") rating on the state's financial accountability system, and board members approved a pair of budget transfers after hearing a public comment alleging larger fiscal problems.
Miss Ayala, presenting the district's annual financial management report, said the rating reflects results across 21 indicators the Texas Education Agency uses to assess critical controls, solvency and financial competence. "We are happy to announce that our district earned a rating of an A for superior," she said during the presentation.
The finance presentation cited several specific measures: the district reported 199 days cash on hand (scored 10/10), a current-assets-to-liabilities ratio of 2.83 (scored 8/10), a positive revenues-to-expenditures result and a…
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