TEA financial report: Southwest ISD earns Superior rating, scores 92 of 100
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Summary
District presenter reported a TEA financial-quality performance rating of 'Superior' (92/100) based on 2023–24 data, noted strong fund balance and data-quality indicators, and read required disclosures about superintendent contract and reimbursements.
Southwest ISD received a Superior rating on the Texas Education Agency’s financial‑quality performance report, district staff told the board. The rating uses 2023–24 data to assign 2024–25 ratings; the district received a 92 out of 100 score based on 21 criteria.
The presenter highlighted indicator 6, which measures percentage change in the fund balance and whether there is at least 75 days of operational capital; the district met that indicator. Indicator 13, which measures the percentage of the budget spent on district administration, scored an 8 out of 10 — the presenter said the district missed full points by 0.004. Indicator 16, which measures the quality of data reported in the annual financial report, showed a variance of less than 3 percent, and the district received full points on that item. "We received the superior rating for the second year in a row," the presenter said.
The presenter thanked the business office and district teams for accurate reporting and noted required disclosures: the superintendent’s contract is posted on the district website, reimbursements filed for the period ending Aug. 2024 were read, no outside compensation for the superintendent was reported for the period, no gifts were disclosed, and there were no business transactions reported between board members and the district.
No board action was required on the first report; the presentation concluded and the meeting moved to recognitions and other agenda items.