District gets top financial rating

By Richard Zowie —

 

For the 11th year in a row, the Fredericksburg Independent School District has received a rating of “superior achievement” from the Schools FIRST (Financial Integrity Rating System of Texas) program.

The announcement was made at the school board’s regular meeting on Monday, Oct. 14, at the FISD’s Central Administration Building.

The “superior achievement” rating is the state’s highest mark for budgetary and financial data as examined by the Texas Education Agency.

The school board’s next meeting will be a public forum today, Wednesday, Oct. 16, regarding proposed special district building projects.

 

Schools FIRST success

FISD’s total weighted score was a 70, and to receive “superior achievement” status, a school district was required to score 64-70 points.

Other ratings on the system included “Above Standard Achievement”, “Standard Achievement” and “Substandard Achievement.”

Among the items analyzed by the Financial Integrity Rating System of Texas were positive fund balances, positive net assets, total tax collections, the ratio of cash and investments to deferred revenues, ratio of students to teachers and ratio of students to total staff.

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