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CISD receives highest financial rating

Published 09/10/2014

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THE WOODLANDS, Texas - In the twelfth year of its existence, Conroe ISD received Super Achievement rating for the Financial Integrity Rating System of Texas (FIRST). The Superior Achievement is the state’s highest rating.

“This was our twelfth year to receive the Superior Achievement,” stated Darrin Rice, Director of Finance.

The purpose of FIRST is to ensure that school districts and open-enrollment charter schools are held accountable for the quality of their financial management practices and achieve improved performance in the management of their financial resources. The FIRST rating is based upon an analysis of staff and student data reported for the 2012-2013 school year, and budgetary and actual financial data for the fiscal year ended August 31, 2013. The rating system assigns one of four financial accountability ratings to Texas school districts, Superior Achievement, Above-Standard Achievement, Standard Achievement, and Substandard Achievement.

According to Rice, “The District had a perfect score.”

First rating system rated Texas school districts based on their answers to 20 separate questions. Each question was designed to assess the quality of the financial management of the district’s resources.

The system is designed to encourage Texas public schools to manage their financial resources better in order to provide the maximum allocation possible for direct instructional purposes. The system will also disclose the quality of local management and decision-making processes that impact the allocation of financial resources in Texas public schools.

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