Mission Consolidated Independent School District has received preliminary ratings information under the Texas’ Schools Financial Integrity Rating System of Texas (FIRST) financial accountability rating system.
The Texas Education Agency (TEA) will announce official ratings in early August.
According to the preliminary release, MCISD has earned a rating of “Superior Achievement”. The rating is the highest, demonstrating the quality of MCISD’s financial management and reporting system. The district has received the Superior Achievement rating every year since the rating system was introduced ten years agoThe Schools FIRST was developed by the TEA in response to Senate Bill 875 of the 76th Texas Legislature in 1999. The primary goal of Schools FIRST is to achieve quality performance in the management of school districts’ financial resources, a goal made more significant due to the complexity of accounting associated with Texas’ school finance system.
To arrive at the Schools FIRST ratings, the TEA looks at 20 different indicators, including cost ratios, student to teacher ratios, fund balance information, operating expenditures, tax collections, and annual financial reports. This year’s rating is based upon an analysis of staff and student data reported for the 2011-2012 school year and the budgetary and actual financial data for the 2011 fiscal year.
District officials indicated MCISD missed the mark on only one indicator relating to the disclosure of material noncompliance in the annual audit report. This resulted in a final rating score of 65 out of a possible 70 points.
“We are very pleased to receive the highest rating yet again,” said MCISD Assistant Superintendent for Finance and Operations, Lucio Mendoza. “It is important that our taxpayers know that the district is continuing to make the most of our taxpayer dollars. We have also already taken steps to resolve the one issue noted in the one missed ratings indicator.”blog comments powered by Disqus