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Lake Travis ISD earns top A 'Superior' FIRST rating, citing strong cash position and clean audit
Summary
The district reported an A (Superior) FIRST rating with a score of 94, citing 103 days cash on hand, full credit on internal controls and transparency, and a debt ratio affected by ongoing bond-funded capital projects that have not yet become assets.
Lake Travis Independent School District received an "A — Superior Achievement" rating under the state’s Financial Integrity Rating System of Texas (FIRST), the board heard at its meeting.
A district presenter told trustees the district earned a score of 94 out of 100 and passed the critical indicators that would otherwise trigger an F rating. The presenter highlighted a clean annual audit and full points for…
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