In the final 2022-23 ratings from the Texas Education Agency (TEA), Dripping Springs ISD received the highest rating of “A: Superior Achievement” and a numerical score of 90 on the Texas FIRST (Financial Integrity Rating System of Texas) report.
The FIRST rating, which TEA has issued to public school districts since 1999, 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.
The rating is based on 20 indicators that include results of the annual external audit, debt management, fund balance, and administrative cost ratio, among other financial indicators. This recent designation is based on financial information from the 2021-22 fiscal year. DSISD has received the highest rating all but one year since 1999.
To see the presentation made to the Board of Trustees during the October 23 regular board meeting, please click here.