The state's school financial accountability rating system, known as the School Financial Integrity Rating System of Texas (FIRST), holds Texas public schools accountable for the quality of their financial management practices and requires them to improve those practices. Out of a possible total score of 100, Magnolia ISD scored 100, earning the highest available rating of “Superior” with a letter grade of an A.

This year’s School FIRST rating is based on an analysis of staff and student data reported for the 2024-25 school year, as well as budgetary and actual financial data for the 2025 fiscal year. FIRST ratings are calculated using 21 financial indicators, such as administrative cost expenditures; the accuracy of a district or charter’s financial information submitted to the Texas Education Agency (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,” said Dr. Erich Morris, Assistant Superintendent of Operations. “The system has become more stringent in how it’s being assessed, and this recognition should serve as a reminder to our stakeholders that we are committed to fiscal excellence.”

The MISD Board of Trustees and Administration is committed to being stewards of taxpayer dollars and to the transparency of the district's financials.