Community Independent School District officials announced that the district received a rating of “A” for “Superior Achievement” under Texas Schools' Financial Accountability Rating System of Texas. The Superior Achievement rating is the state’s highest, demonstrating the quality of Community ISD’s financial management and reporting system.
This is the 21st 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 and amendments under House Bill 5, 83rd Texas Legislature, Regular Session, 2013. The primary goal of Schools 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 the Texas school finance system.
“We are very pleased with Community ISD’s Schools FIRST rating,” said Community ISD Superintendent Dr. Tonya Knowlton, “as it shows that our district is making the most of our taxpayers’ dollars. The rating shows that Community’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 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”. Districts with serious data quality problems may receive the additional rating of “Suspended-Data Quality.”