MISD earns state’s highest fiscal rating
District extends streak of superior ‘A’ grades; public hearing set for Monday’s board meeting
Midlothian Independent School District officials announced that the district received a rating of “A” for “Superior Achievement” under Texas’ School FIRST financial accountability rating system. The “Superior Achievement” rating is the state’s highest, demonstrating the quality of Midlothian ISD’s financial management and reporting system.
This is the 18th year of School FIRST (Financial Accountability Rating System of Texas), a financial accountability system for Texas school districts developed by the Texas Education Agency in response to Senate Bill 875 of the 76th Texas Legislature in 1999 and amendments under House Bill 5, 83rd Texas Legislature, Regular Session, 2013.
The primary goal of School 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.
“We are very pleased with MISD’s School FIRST rating,” Superintendent of Schools, Jo Ann Fey, said. ”This rating shows our district is making the most of our taxpayers’ dollars. It also shows that MISD’s schools are accountable not only for student learning but also for achieving these results cost-effectively and efficiently.”
The Texas Education Agency assigned one of four financial accountability ratings to Texas school districts, with the highest being “A” for “Superior Achievement,” followed by “B” for “Above-Standard Achievement,” “C” for “Standard Achievement” and “F” for “Substandard Achievement.” MISD has received the top rating since the inception of the rating system.
The MISD Board of Trustees will hold a public hearing on Monday, Nov. 15 to discuss the district’s FIRST rating during its regular monthly meeting. The meeting will begin at 5:30 p.m. in the boardroom located at the MISD Administration Building, 100 Walter Stephenson Road.