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Richardson ISD earns A on state financial integrity rating; board holds public hearing
Summary
Allison Davenport presented the district's 2024 FIRST (Financial Integrity Rating System of Texas) results — an A rating with 98 points — at a public hearing. Trustees had no action to take; required disclosures were noted and the hearing closed.
The Richardson ISD Board of Trustees heard a public presentation on the district's 2024 Financial Integrity Rating System of Texas (FIRST) report and closed the required public hearing without action.
Allison Davenport, identified in the meeting as executive director of finance, reviewed the rating framework and the district's performance. "We do have an A rating, 98 points for the 2024 year," she told the board, and she walked trustees through the critical, ceiling and scored indicators that form the FIRST calculation. The presentation also noted the district's net position as reported during the briefing and several required public disclosures, including the superintendent's employment contract and executive reimbursements.
Davenport said external auditors reported no material weaknesses or material noncompliance in the annual financial report. The presentation covered measures such as debt-payment compliance, TRS and payroll remittance, and the district's administrative-cost ratio. The board acknowledged the report and took no further action following the hearing.
Board members praised finance and central office staff for the work that led to the rating. "It takes the entire district, from the folks in the school to the central office, to achieve these results," one trustee said. The public hearing required by statute was then formally closed.
