Friendswood Independent School District officials announced that the district received a rating of “A” for “Superior Achievement” under Texas’ School FIRST financial accountability rating system. This rating is the state’s highest, demonstrating the quality of Friendswood ISD’s financial management and reporting system.
This is the 17th year of School FIRST (Financial Accountability Rating System of 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 1999and amendments under House Bill 5, 83rd Texas Legislature, Regular Session, 2013.
The primary goal of School 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 the Texas school finance system.
“Friendswood ISD continues to be one of the highest performing districts in the state while remaining one of the most cost-efficient districts as well,” said FISD Superintendent, Thad Roher. “The District continues to spend taxpayer dollars wisely and provide financial transparency. FIRST provides a measure showing the high performance of FISD on a financial accountability measure applied to Districts across the state.”
The Texas Education Agency assigned one of four financial accountability ratings to Texas school districts, with the highest being “A” for “Superior Achievement,” followed by “B” for “Above-Standard Achievement,” “C” for “Standard Achievement” and “F” for“Substandard Achievement.”