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Laredo ISD reports A (superior) financial rating; board reviews indicators and discloses reimbursements
Summary
Laredo Independent School District officials presented an annual financial management report on Dec. 11 and announced the district earned an A (superior) rating under the School Financial Integrity Rating System of Texas; trustees reviewed 21 indicators and the superintendent and board members’ reimbursement totals were disclosed.
Laredo Independent School District officials announced at a Dec. 11 public hearing that the district earned an A (superior) rating on the School Financial Integrity Rating System of Texas, district presenter (Speaker 5) said.
The report, required annually and used by the Texas Education Agency when considering accreditation, summarizes the district’s performance across 21 financial indicators. "We are happy to announce that our district earned a rating of an A for superior," the presenter said, adding this was the 23rd time Laredo ISD received the rating.
The presenter explained indicators fall into three groups: indicators 1–5 are critical pass/fail items (including timely filing of the annual…
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