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FISD earns top financial rating in annual report

by | Oct 31, 2024 | Education, Latest

Assistant Superintendent for Finance Anna Baker presented the results of the annual FIRST (Financial Integrity Rating System of Texas) report at a Farmersville ISD public hearing on Monday, Oct. 28, revealing the district received a “Superior” rating, the highest possible score, with 98 points out of 100.

Baker explained that the scoring is based on 21 indicators measuring the financial health of a school district. The report also includes required disclosures, such as the superintendent’s contract, reimbursements to the superintendent and board members, gifts over $250, outside compensation for consulting by the superintendent and any business transactions between board members and the district.

By Cole McClendon

For more on this story see the October 31, 2024 print, or digital edition of The Farmersville Times. Subscribe today and support local journalism in your community.

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