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Tomball ISD reports "superior" FIRST rating (98/100) and outlines investment outlook
Summary
CFO Zach Bowles told the Tomball ISD board the district earned a "superior achievement" FIRST rating with a 98/100 score and reviewed the annual investment report, citing a 5.23% average return in FY23-24 and lower returns in FY24-25 as federal rates fell.
CFO Zach Bowles told the Tomball Independent School District board at its Oct. 13 workshop that the district received a "superior achievement" rating under the Texas Education Agency—s Financial Integrity Rating System of Texas (FIRST), posting a score of 98 out of 100 for FY23-24.
Bowles said the FIRST rating is based on 21 indicators that assess districts—financial condition and that Tomball ISD passed all critical and ceiling indicators. He identified indicator 12—which measures future debt requirements against assessed property values—as the only indicator where the district lost points; for FY23-24 the district—s…
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