Facts and insights about Texas public schools
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FIRST Ratings: Texas Districts Manage Financial Resources Well

On December 1, the Texas Education Agency (TEA) released 2016–17 Financial Integrity Rating System of Texas (FIRST) ratings for school districts and charters, and the news is good.

Based on annual financial reports provided to TEA, 99 percent of Texas school districts and charters earned a successful final rating, meaning that they do a good job of managing their financial resources to provide the maximum funds for for direct instructional purposes. More than 84 percent of districts earned a superior rating, 11.25 percent earned ‘above standard achievement’ rating, and 3.42 percent earned a ‘met standard’ rating.

The ratings are based on 15 financial indicators, including administrative cost expenditures, the accuracy of the information submitted to TEA, and any financial vulnerabilities or material weaknesses in internal controls as determined by an external auditor.

More details on financial accountability ratings are available on TEA’s website.

December 8, 2017