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Sherman ISD earns 'Meets Standard' under Texas finance rating; board opens required public hearing
Summary
Sherman ISD reported a Texas Education Agency Financial Integrity rating of 76 (Meets Standard) for FY 23‑24; staff cited a drop in cash-on-hand and a revenue/expenditure shortfall and said the finance committee will present plans to rebuild reserves.
Sherman ISD trustees on Monday received a staff presentation on the Texas Education Agency’s school financial integrity rating system and learned the district’s first‑rating score for the 2024–25 cycle was 76, classified as “Meets Standard Achievement.” Mandy Lewis, who presented the results, said the rating is based on financial data for the year ending June 30, 2024.
Lewis told trustees the district met four mandatory yes/no indicators — timely AFR submission, an unmodified audit opinion, timely debt‑service payments and…
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