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Fabens ISD earns a 98 FIRST score, auditor notes $1.2M general-fund decrease
Summary
District staff reported a FIRST score of 98 (superior) for 2023-24 and the auditor explained a $1.2 million reduction in the general fund to $13,593,192 while noting the balance still covers roughly 6.5 months of operating expenditures.
District staff reviewed the Financial Integrity Rating System of Texas (FIRST) indicators and reported that Fabens ISD's 2023-24 score was 98, which falls in the "superior achievement" range. The presenter explained the FIRST indicators and noted the district met major thresholds including days-cash and debt-payment compliance.
The auditor summarized financial statements and reported the general fund decreased by about $1.2 million to $13,593,192, which the auditor said still represents approximately 6.5 months of annual operating expenditures. "At the top here, we have summary of section 1, the summary of auditor's results. The type of auditor's report issued is unmodified," the auditor said, adding the district's fund balance remains operationally healthy.
Presenters walked the board through indicator definitions and the district's compliance with payment terms for debt, reporting requirements and internal-control items. Staff noted some indicators are not currently evaluated and explained uploading deadlines to TEA and the effect of federal timing on the audit upload process.
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