As the Texas Education Agency prepares to release its final financial responsibility ratings for the 2023-2024 school year, the agency says local school districts appear to be in good financial shape.
TEA will release Texas Financial Soundness Rating System (FIRST) ratings for prep schools in September and will release final rankings in November. And, at least as far as Ingleside ISD is concerned, TEA data shows the district is in good financial shape.
According to TEA, the FIRST ratings are a financial accountability system designed to hold Texas public schools accountable based on the quality of their financial management practices and provide ways to improve these practices. Ingleside ISD received an “A” rating in the preliminary rankings.
Ingleside ISD Superintendent Scott Kilgore said, “This achievement reflects the district’s commitment to responsible fiscal management and accountability, ensuring the district uses resources in ways that directly benefit students, staff, and the community. It shows that we are making the most of it.”
Each school district’s FIRST rating is an analysis of the school system’s financial data for fiscal year 2023 (the fiscal year ending June 30, 2023 or August 31, 2023, depending on the school system’s fiscal year end date). Based on. , according to TEA. According to a TEA news release, the organization uses financial metrics specified by the Texas administration to determine school system ratings.
Kilgore said the district continues to do its best to be fiscally transparent and spend taxpayer money in ways that help move the district forward while being responsible stewards of taxpayer dollars. said.
“This highest rating demonstrates the dedication of our board, management team and staff to ensuring financial transparency and excellence,” he said. “We continue to strive for the highest standards, with a focus on fiscal health to support a thriving educational environment for all.”
