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Frankston ISD receives 'superior' FIRST financial rating, board holds public hearing
Summary
At a public hearing Nov. 18, district finance director Randi Westbrook said Frankston ISD earned a "superior" FIRST rating for 2023–24, scoring 98 of 100 and showing compliance with debt and payroll-related obligations; no board action was required.
Randi Westbrook presented Frankston ISD’s annual Financial Integrity Rating System of Texas (FIRST) report during a public hearing at the Nov. 18 board meeting. "FISD received a superior rating for 2023-2024 (based on the 2022-2023 fiscal year data), scoring 98 out of 100 possible points," Westbrook told trustees, and the district remained in compliance with payment terms of all debt agreements and timely payments to TRS, TWC and the IRS.
The report Westbrook summarized included five required financial-disclosure items: the superintendent’s current contract; reimbursements received by the superintendent and board members; outside compensation or fees for the superintendent; gifts to executive officers or board members exceeding $250; and business transactions between board members and the district. The hearing drew no public comments and the board took no action, formally closing the public-hearing portion at 6:18 p.m.
