School FIRST (Financial Integrity Rating System of Texas) Rating
The Texas legislature created the system in 2001 to communicate information and improve the management of school districts' financial resources. The system requires the Texas Education Agency to review the audited financial reports from all districts and assign financial management ratings based on how the data conform to 20 established indicators. Every school district in Texas is required to prepare an annual financial management report that includes the district's financial management performance rating from TEA, the district's previous performance on the rating indicators, and information that the Board of Trustees deems useful. In addition, state law requires that school districts hold a public discussion/hearing on the report and publish notice of the hearing at least two times prior to the meeting.
The School FIRST accountability rating system assigns one of four financial ratings, with the highest being "Superior Achievement."