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Stafford MSD officials report a C rating for 2024–25, cite cash-on-hand and coding fixes as paths to improve
Summary
Stafford Municipal School District presented its 2024–25 Financial Integrity Rating (based on 2023–24 data), showing a score drop from 78 to 74 (C). District officials highlighted improvements in net position and coding work but said low days cash on hand and long-term liabilities remain constraints to a higher grade.
Stafford Municipal School District officials told the board Dec. 15 that the district received a 74—still a C—on its 2024–25 Financial Integrity Rating, based on fiscal 2023–24 data, and laid out steps to shore up cash and correct accounting codes that affect future ratings.
CFO Mister Abkhazov, presenting the required public hearing under the Texas Administrative Code (chapter 109, subchapter AA), said TA released the ratings Nov. 6 and the district must present them within 60 days. "Last year our score was 78; this year it was 74," Abkhazov said, adding that the district passed the four critical initial indicators (timely AFR filing, unmodified audit opinion, debt payment compliance and timely payments to state and federal agencies).
The presenter noted some measurable improvements: the governmental activities net position…
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