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Brock ISD CFO: district's F.I.R.S.T. score rises to 76, rates as —Meets Standards—
Summary
CFO Lance Rainey said the district's Financial Integrity Rating System of Texas (F.I.R.S.T.) score rose from 74 to 76, resulting in a "Meets Standards" rating; he noted the report reflects a two-year data lag and emphasized maintaining a strong fund balance.
Lance Rainey, chief financial officer, presented the district's Financial Integrity Rating System of Texas (F.I.R.S.T.) report and explained the measures used in the evaluation, noting the report reflects a two-year data lag. He said the overall score increased "from 74 to 76, resulting in a rating of Meets Standards."
Rainey emphasized the importance of maintaining a strong fund balance because it affects multiple F.I.R.S.T. indicators; he told trustees the district continues to work diligently on that front. No formal action was taken on the report; it was presented as part of the public hearing/business discussion on district finances.
