Rockwall Independent School District recently received a rating of “A” for “Superior Achievement” in the 2018-2019 Financial Integrity Rating System of Texas (FIRST) Report. The data that the 2018-2019 FIRST report is based on the 2017-2018 school year. The rating system measures the quality of a school district’s financial management and reporting system.
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.
The Texas Education Agency assigned one of four financial accountability 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.”