ROISD scored 90 points this year
(RED OAK, TX) — Red Oak ISD announced the district earned a Superior Achievement grade of ‘A’ on the 2021 Financial Integrity Rating System of Texas (FIRST) report. The rating is based on the financial data from the 2019-2020 fiscal year. ROISD scored 90 points this year; the district had 90 points last year as well.
The FIRST system started in 2001 to include financial data into the Texas public education accountability system. The system provides for public transparency, assesses the financial management of a public school system, and ensures districts are striving for academic success both cost-effectively and efficiently.
The FIRST rating has been amended many times over the years; currently, ISDs can earn a maximum of 100 points on 20 financial indicators, up from 15 last year. Several indicators are pass/fail, some have 0, 5, or 10 pts., and others receive a formulated score that equates to points. A new type of indicator called a ‘Ceiling Indicator’ has been added to six questions.
ROISD Passed All Four Critical Indicators
ROISD passed all four critical indicators; indicator five was not included in this year’s calculation. Indicators 1-4 relate to the annual report submission on time, an unmodified “clean” audit, bond payments submitted on time, and payroll withholdings made to appropriate agencies.
ROISD passed all five possible categories with the new ceiling indicator. The District also earned the maximum number of points on seven indicators. The Business Office continues to review the four indicators which we below the maximum points possible to achieve a higher score next year.
“Red Oak ISD strives to be financially responsible and fiscally transparent to our taxpayers,” state CFO Bill Johnston. “This Superior rating is evidence of the district’s dedication to financial management and accountability.”
For more information on the FIRST rating, visit the TEA Website – https://tea.texas.gov/finance-and-grants/financial-accountability/financial-integrity-rating-system-of-texas-first/financial-integrity-rating-system-of-texas
