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Plainview ISD receives A+ (98/100) on state school financial integrity rating
Summary
Doris, the district finance presenter, told the board Plainview ISD scored 98 out of 100 on the state's School Financial Integrity Rating System (SFIRST) for 2023-24; one indicator tied to debt-to-assessed-value was not maxed, with administration expecting to pay down about $15 million of a $76 million bond next year.
The Plainview ISD finance director reported on Sept. 23 that the district earned a 98 out of 100 on the state's School Financial Integrity Rating System (SFIRST) for the 2023-24 cycle, a result the district characterized as an A+.
Doris, who presented the report, said the passing score is 70 and that Plainview ISD "maxed all the scores" except indicator No. 12, which measures the correlation between future debt requirements and the district's assessed property value. She explained the district currently has a bond and "we do anticipate that by this time next year, we'll have paid off $15,000,000 of the over $76,000,000 bond," which she said would improve that indicator.
The presenter described the SFIRST system as the state's tool to hold school districts accountable for financial management and to encourage practices that maximize resources for instruction. Board members publicly thanked the finance team for its work and discussed taking a photo to recognize staff.
No formal action beyond recognition and discussion was recorded; the finance report was provided to the board as part of the regular meeting materials.
