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Fort Sam Houston ISD reports top FIRST score and $52 million net position

Fort Sam Houston ISD Board of Trustees · November 22, 2024

Summary

At a required public hearing on the Financial Integrity Rating System of Texas (FIRST), staff reported Fort Sam Houston ISD earned a superior rating (A) with a score of 100 and a positive net position of $52,000,000 based on 2022–23 fiscal data.

District finance staff presented the district's 2023–24 Financial Integrity Rating System of Texas (FIRST) report, explaining the rating is based on 2022–23 audited data and 21 indicators. Staff said Fort Sam Houston ISD maintained a superior rating, reporting a score of 100 and a net position of $52,000,000.

"We are proud to say that we have continued our tradition of scoring a 100 on this," a district staff member reported during the public hearing. The presentation summarized key indicators used by the Texas Education Agency, including timely filing of the annual financial report, an unmodified audit opinion, compliance with debt agreements, and liquidity measures. Staff also walked trustees through other metrics — fund balance changes, general fund revenues versus expenditures and PEIMS variance checks — and said the district had no material weaknesses in internal control or compliance with grant requirements for the audited year.

The board opened the hearing as required by statute; no public comments specific to the FIRST report were offered during the session. The district said the full report and slides would be posted to the district website for public review.

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