The Texas Education Agency (TEA) has released final financial accountability ratings for schools districts across the state of Texas. For the 2017-2018 reporting year, Flour Bluff ISD received a superior rating, the highest possible rating achieved through the School Financial Integrity Rating System of Texas (FIRST).
Ratings for 2017-2018 are based on annual financial reports provided to TEA by districts for the 2017 fiscal year. The financial accountability system requires TEA to review the audited financial reports from all districts in Texas. FIRST is designed to encourage public schools to better manage their financial resources to provide the maximum allocation possible for direct instructional purposes. The FIRST ratings are calculated using 15 financial indicators, such as administrative cost expenditures; the accuracy of a district’s financial information submitted to TEA; and any financial vulnerabilities or material weaknesses in internal controls as determined by an external auditor.
All school districts are required to report information and financial accountability ratings to parents and tax payers as well as hold a public discussion or hearing regarding its financial report. Flour Bluff ISD will hold a public meeting on Thursday, December 6, at 6 p.m. to discuss the District’s 2017-2018 rating on the state’s financial accountability system.
Flour Bluff ISD 2017-2018 State Accountability Rating Public Meeting
Thursday, December 6
6 p.m.
Flour Bluff ISD Administration Building, Board Room