Mansfield ISD has once again upheld excellence in financial accountability by earning the highest grade in the School Financial Integrity Rating System of Texas (FIRST).
School FIRST was developed by the Texas Education Agency (TEA) in response to state legislature in 2001. It is designed to encourage public schools to better manage their financial resources to provide the maximum allocation possible for direct instructional purposes.
MISD has earned a Superior or ‘A’ grade since the inception of the state’s financial accountability system, making it the 17th consecutive year the district has earned the top rating.
The FIRST ratings are calculated using 15 financial indicators, such as administrative cost expenditures, the accuracy of a district or charter’s financial information submitted to TEA, and any financial vulnerabilities or material weaknesses in internal controls as determined by an external auditor.
Mansfield ISD passed all 15 indicators measured.
Texas school districts and open-enrollment charters are required to prepare an annual financial accountability report for School FIRST. Ratings released in 2019 were based on budgetary and financial data reported for the 2017-18 fiscal year.
Learn more about the rating system here.