Perfect Score in FIRST Rating System

BISD Receives Perfect Score in State’s Financial Integrity Rating System
Posted on 11/18/2019
This is the image for the news article titled BISD Receives Perfect Score in State’s Financial Integrity Rating SystemThis year Brazosport ISD received a perfect score in the Financial Integrity Rating System of Texas (FIRST). This also marks the 17th consecutive year the district has earned the highest achievable rating for financial integrity from the Texas Education Agency (TEA), which is every year since the FIRST rating system began.
 
FIRST is based on 15 financial indicators such as administrative cost expenditures, the accuracy of a district’s financial information submitted to TEA, long term debt ratio and any financial vulnerabilities or material weaknesses in internal controls as determined by an external auditor.

“As a school district we are not only accountable for student success but also for achieving these results cost-effectively and efficiently,” said BISD Chief Financial Officer Rebecca Kelley. “This rating system was created to ensure that Texas public schools are held accountable for the quality of their financial management and reporting practices.”

Based on submitted information, a school district is assigned one of four possible letter grades - A, B, C or F - as well as a coinciding financial management rating - Superior, Above Standard, Meets Standard or Substandard Achievement.

BISD has received an “A” for superior achievement with a score of 100 points. This top rating means that the district aced all 15 indicators, earning the highest possible points.

“Fiscally responsible decisions have a direct impact on financial resources available for instruction,” Kelley added. “We understand the importance of trust and transparency as it relates to managing public funds and are proud of this rating as it demonstrates our commitment to our taxpayers.”

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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