DSISD Receives Top Rating, Perfect Score in Financial Report
October 14, 2020
In final ratings from the Texas Education Agency, Dripping Springs ISD received the highest rating of “Superior,” a letter grade “A”, and a perfect numerical score of 100 on the 2019-20 Texas FIRST (Financial Integrity Rating System of Texas) report. The rating is based on 15 indicators that include results of the annual external audit, debt management, fund balance, and administrative cost ratio, among other financial indicators. The Schools FIRST accountability rating system uses ratings of “A-Superior,” "B-Above Standard", “C-Meets Standard,” or “F-Substandard Achievement.” This recent designation is based on financial information from the 2018-19 fiscal year.
The FIRST rating, which has been issued for the past 18 years, measures the quality of school districts’ financial management and reporting. The report ensures that Texas public schools are held accountable for the quality of their financial management practices and that they improve those practices. The system is designed to encourage Texas public schools to better manage their financial resources to provide the maximum allocation possible for direct instructional purposes. Dripping Springs ISD has received a Superior Rating every year since the FIRST system’s inception.
The report and opportunity for public comment will be presented by DSISD Chief Financial Officer Cedric Menchion at the Oct. 26 Board of Trustees meeting.