This year’s School FIRST rating is based upon an analysis of staff and student data reported for the 2017-18 school year, and budgetary and actual financial data for the 2018 fiscal year. Out of a possible total score of 100, the District scored a 96, resulting in the highest available rating of “Superior” with a letter grade of an A.
The FIRST ratings are calculated using 15 financial indicators, such as administrative cost expenditures; the accuracy of a district or charter’s financial information submitted to TEA; and any financial vulnerabilities or material weaknesses in internal controls as determined by an external auditor.
“The success of the FIRST score is a direct result of prudent financial management by the administration and board. This recognition should serve as a reminder to our stakeholders that we are committed to fiscal excellence.”
Senate Bill 218 of the 77th Legislature (2001) mandated the implementation of a Financial accountability rating system for Texas public schools which led to the Texas Education Agency’s School FIRST model.
The MISD Board of Trustees and Administration is committed to being stewards of taxpayer dollars and to the transparency of the financials of the district.