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Aransas Pass ISD reports "superior" FIRST financial rating, misses two indicators
Summary
District business officer reported a Texas FIRST score of 92 (superior) for the 2023'2024 rating based on 2022'2023 data; the district lost points on indicator 7 (cash on hand) and indicator 13 (administrative cost ratio) due to reporting/payment timing and small-district comparisons.
At the Aransas Pass ISD board meeting Miss Chapa presented the district's Texas FIRST financial integrity report, saying the district received a "superior" rating with a score of 92 out of 100 based on 2022'2023 data.
Miss Chapa told the board the district missed two indicators: indicator 7, which measures cash on hand and was affected by timing differences with the Texas Education Agency (TEA) payment schedule that year, and indicator 13, the administrative cost ratio, where smaller districts often cannot achieve the same comparative scores as larger districts. "We received a score of 92... There were 2 indicators that were missed, indicator number 7 and indicator number 13," she said.
Board members asked clarifying questions about indicator 7. Miss Chapa explained the district had recorded accounts receivable for TEA payments rather than cash on hand for the reporting date, noting that a different payment schedule and reporting approach that year produced the shortfall for that metric.
The board had no further action on the FIRST report during open session; Miss Chapa said the superior rating had been publicized to the community.
The transcript records the rating, the two missed indicators and the administration's explanation that reporting timing to TEA (and a change in payment schedule) drove the cash-on-hand shortfall for that measurement year.
