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Tyler ISD earns perfect 100 on Texas FIRST fiscal rating, CFO says district is solvent
Summary
Tyler ISD’s chief financial officer told the board the district scored 100 out of 100 on the Texas School Financial Integrity Rating System (FIRST) for the 2023–24 reporting year; the presentation covered indicators including audit opinion, debt ratios, ADA projections and internal controls.
Casey Russell, Tyler ISD’s chief financial officer, told the Board of Trustees that the district scored 100 out of a possible 100 points on the Texas School Financial Integrity Rating System (FIRST) for the Sept. 1, 2023–Aug. 31, 2024 rating period. "I am happy to tell you that we scored a 100 out of a total 100 points this year," Russell said.
Russell walked trustees through the FIRST indicators, saying the district received an unmodified (clean) audit opinion, made bond payments on schedule and made timely payroll- and benefits-related payments to TRS, TWC and the IRS. She said the district’s combined net position was positive and that revenue exceeded expenditures for…
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