District receives 17th financial integrity award

District receives 17th financial integrity award
Posted on 11/12/2019
This is the image for the news article titled District receives 17th financial integrity awardLos Fresnos CISD has received a rating of “A” for “Superior Achievement” under Texas’ Schools FIRST financial accountability rating system for the 17th straight year.

Los Fresnos CISD scored a perfect 100. Preliminary ratings were released in August.

Los Fresnos CISD has achieved the highest possible rating in each of the 17 years the accountability system has been in place. The continuous “A” rating demonstrates the quality of Los Fresnos CISD’s financial management and reporting system.

This is the 17th year of Schools 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. The primary goal of Schools FIRST is to achieve quality performance in the management of school districts’ financial resources, a goal made more significant because of the complexity of accounting associated with Texas’ school finance system.

"The ratings are now in alignment with academic accountability with A through F ratings," Bazaldua told the Board. "We received a perfect score of 100 possible points. This really comes from the Board, the administration and staff members ... this comes as a whole."

 “This continues to show that our taxpayers that the school district is spending its tax money wisely," Superintendent Gonzalo Salazar said.  "This rating shows that our schools are accountable for student learning and for achieving these results in a cost-effective manner.”

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.”
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