Education
EISD earns highest financial rating Eanes ISD received an “A” financial accountability rating, said Chris Scott, EISD chief financial officer, on Oct. 17. The overview The Financial Integrity Rating System of Texas, or FIRST, measures the quality of a school district’s financial management. The details Eanes failed to get the highest score on Indicator 8 and Indicator 13. • Indicator 8 evaluates if a district has enough short-term assets to cover short- term debt. • Indicator 13 scores a district based on the percentage of the budget that is spent on administration.
Lake Travis ISD receives ‘A’ financial rating Lake Travis ISD received the highest financial accountability rating for 2023, a district official announced at an Oct. 18 board of trustees meeting. What happened The district received 96 out of 100 points from the Financial Integrity Rating System of Texas, or FIRST. The ratings factor in 20 indicators to measure the district’s expenditures, accuracy of financial information and financial vulnerabilities, according to the Texas Education Agency. • LTISD received perfect scores in all but two categories. • LTISD received an 8 out of 10 for indicators 11 and 13. The details Indicator 11 compares the district’s assets to its long-term debt. A district automatically passes
“We’re not going to reduce our administrators as far as our instructional or general administration just because we are now into a new level.” PAM SANCHEZ, LTISD ASSISTANT SUPERINTENDENT FOR BUSINESS SERVICES
this indicator if its enrollment grows 7% or more over five years as fast-growth districts incur addi- tional costs; however, LTISD only grew by 5.5%, according to district documents. Indicator 13 measures the percentage of the district’s budget that went toward administration costs based on its average daily attendance, or ADA, of students, Pam Sanchez, LTISD assistant superintendent for business services, said. She said the district staffs based on enrollment, which is higher than its ADA, and that the district’s ADA of 10,187 students this year put it in a new thresh- old of districts with 10,000 or more students.
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