FISD Earns State’s Highest Fiscal Accountability Rating
Friendswood Independent School District officials announced that the district received a rating of “Superior Achievement” under Texas’ Schools FIRST financial accountability rating system. The Superior Achievement rating is the state’s highest, demonstrating the quality of FISD’s financial management and reporting system.
This is the eleventh year of Schools FIRST (Financial Accountability Rating Systemof Texas), a financial accountability system for Texas school districts developed by the Texas Education Agency in response to Senate Bill 875 of the 76th Texas Legislature in 1999. The primary goal of Schools FIRST is to achieve quality performance in the management of school districts’ financial resources, a goal made more significant due to the complexity of accounting associated with Texas’ school finance system.
“Being cost-effective as well as efficient means FISD is being accountable for taxpayers’ money,” FISD Superintendent Trish Hanks said. “Scoring the top scores in financial accountability year after year is something in which we are very proud.”
The Schools FIRST accountability rating system assigns one of four financial accountability ratings to Texas school districts, with the highest being “Superior Achievement,” followed by “Above-Standard Achievement,” “Standard Achievement” and “Substandard Achievement.”
Districts with serious data quality problems may receive the additional rating of “Suspended-Data Quality.” Districts that receive the “Substandard Achievement” or “Suspended-Data Quality ratings under Schools FIRST must file a corrective action plan with the Texas Education Agency.
A public hearing on FIRST was held October 14, 2013 at the regular October meeting of the Friendswood ISD Board of Trustees.