Brazosport ISD Again Receives Highest Ranking in State Financial Rating

Brazosport ISD Again Receives Highest Ranking in State Financial Rating
Posted on 10/17/2017
This is the image for the news article titled Brazosport ISD Again Receives Highest Ranking in State Financial RatingBrazosport Independent School District has once again earned the highest achievable rating of the Financial Integrity Rating System of Texas (FIRST). This marks the 15th consecutive year that Brazosport ISD has received the top score in this accountability measure used by the Texas Education Agency (TEA).

Created by the 77th Texas Legislature in 2001, FIRST was designed to encourage public schools to better manage their financial resources to provide the maximum allocation possible for direct instructional purposes.

The FIRST ratings are based on 15 financial indicators, such as administrative cost expenditures; the accuracy of a district’s financial information submitted to the TEA; long term debt ratio; and any financial vulnerabilities or material weaknesses in internal controls as determined by an external auditor.

BISD received an A for superior achievement, passing all 15 indicators and scoring 98 out of 100 points. The 2016-2017 ratings are based on annual financial reports provided to TEA from the 2015-2016 school year.

BISD Chief Financial and Governmental Affairs Officer Rebecca Kelley said that one of the district’s strategic planning goals is to exercise fiscal responsibility to ensure financial strength and provide the resources to equip and maintain quality facilities and educational programming. “Fiscally responsible decisions have a direct impact on financial resources available for instruction,” Kelley said.  “We are proud of this rating as it demonstrates our commitment to taxpayers to use funds efficiently and in a manner that maximizes dollars spent on quality educational experiences.”

Schools First Financial Rating Logo

To view FIRST ratings for all school districts, visit TEA’s School FIRST website.

Click here to view BISD’s FIRST Rating
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