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Beaumont ISD scores 'Superior' on state financial rating; board asks how to recover two points
Summary
Chief Financial Officer Cheryl Hernandez reported Beaumont ISD earned a 'Superior Achievement' Financial Integrity Rating (98/100) for 2023–24, noting full compliance on many indicators but two points lost on administrative cost ratio (10.85%); trustees asked how to recover those points.
Beaumont ISD received a 'Superior Achievement' rating under the Financial Integrity Rating System of Texas (FIRST), scoring 98 out of 100 possible points, the district’s chief financial officer reported at the Oct. 16 board meeting.
Chief Financial Officer Cheryl Hernandez told trustees the rating is based on 21 indicators and tied to the 2023–24 financial and audit data. The district met the four critical indicators (audit submission, unmodified auditor opinion, paying debt obligations, timely…
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