County public school districts receive superior FIRST rating
Scurry County’s three public school districts each received a superior rating on the Financial Integrity Rating System of Texas (FIRST) accountability ratings.
Snyder ISD, Hermleigh ISD and Ira ISD were among the 98 percent of districts and charter schools that received an “A” rating from the Texas Educational Agency (TEA).
Created by the 77th Texas Legislature in 2001, FIRST is designed to encourage public schools to better manage their financial resources to provide the maximum allocation possible for direct instructional purposes.
The 2015-2016 ratings are based on annual financial reports provided to TEA by districts and charter schoolss from the 2015 fiscal year. The financial accountability system requires the TEA to review the audited financial reports from all districts and charters.
The FIRST ratings are based on 15 financial indicators, such as administrative cost expenditures, the accuracy of a district or charter’s financial information submitted to the TEA and any financial vulnerabilities or material weaknesses in internal controls as determined by an external auditor.