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Van Alstyne ISD receives 'Superior Achievement' FIRST rating; fund balance up $1.5M
Summary
The district received a 'Superior Achievement' FIRST rating (score 96/100) based on 2023–24 audited data; all 21 indicators met, fund balance increased by $1.5 million, and days cash on hand reported at 129.
During a public hearing on the district's Financial Integrity Rating System of Texas (FIRST) report for 2024–25 (based on 2023–24 audited data), trustees adopted the financial accountability report. Van Alstyne ISD received a 'Superior Achievement' rating with a score of 96 out of 100, meeting all 21 indicators.
The presentation noted the district has a balanced budget with no deficit, an increased fund balance of $1.5 million, and 129 days cash on hand (state recommendation is 75 days). Trustee Beau Williams moved to approve the report; Trustee Debbie Nance seconded and the motion passed 7–0. Questions from the public about the independent auditor and financial standards were addressed during the hearing.
