Comal ISD Receives Perfect Financial Integrity Mark

Comal ISD Receives Perfect Financial Integrity Mark

Submitted By Jason Gordon

 

Comal ISD Chief Financial Officer, David Andersen, reported a perfect score for Comal ISD on the Texas Education Agency’s FIRST report (School Financial Integrity Rating System of Texas) at its December Board Meeting. This year, the district received 100 out of a 100 possible points, earning a Superior Achievement rating for the sixteenth year in a row. The FIRST report ensures that all Texas public schools are held accountable for the quality of their financial management practices.

Based on their standing and 15 established indicators, Texas public schools can earn one of five ratings: Superior, Above Standard, Standard, Substandard, or Suspended Data Quality. In order to earn Superior Achievement, districts must score at least 90 out of 100 points.

“Comal ISD takes pride in the fact the district once again has received a Superior Achievement rating,” said Andersen, CFO. “It’s something we strive to achieve every year because it’s a measure of outstanding fiscal responsibility on many levels. Meeting all 15 indicators is something we’re also obviously proud of.”

Since its inception in 2001 by the 77th Texas Legislature, the FIRST rating system encourages Texas public schools to better manage their financial resources in order to provide the maximum allocation possible for direct instructional purposes. These ratings are established from reports provided to the TEA by Texas public schools including staff and student data, and budget and actual financial data. The 2017-18 ratings are based on annual financial reports from the 2015-16 school year.

In accordance with the legislature, all Texas public schools are required to publicly report their ratings to parents and taxpayers, and hold a public discussion or hearing regarding its financial report. Andersen presented Comal ISD’s report to the School Board on December 14.