Education
BY HALEY VELASCO
PISD, AISD improve in state finance rating, FISD sees dip
Alvin, Friendswood and Pearland ISDs all scored an “A” in the state’s annual Financial Integrity Rating System of Texas report. What you need to know The ratings are based on financial data from fis- cal year 2023-24, with Friendswood and Pearland ISDs presenting the reports at their respective October board meetings. The rating is based on several factors, including financial solvency, debt management and effi- ciency in managing funds, among several others. In total, it uses 21 indicators, according to the Texas Education Agency. While PISD and AISD both saw slightly higher scores than last year, FISD dipped from a 92 to a 90, according to the TEA. PISD got a 95 and AISD got a 98. FISD scored an eight out of 10 possible points on its current assets against current liabilities measure—down from 10 out of 10 points last year.
Alvin, Friendswood, Pearland ISD's financial ratings scored out of 10 10
Alvin Friendswood Pearland
8
6 4 2 0
Number of days of cash on hand
Current assets against current liabilities
General fund revenue against expenditures
Long-term solvency
Future debt against assessed property value
Administrative cost ratio
No 15% decline in students to staff ratio in 3 years
External audit results
NOTE: EACH DISTRICT ALSO RECEIVED A 5/5 FOR POSTING ITS FINANCIAL DOCUMENTS ONLINE. PISD DID NOT RECEIVE FULL CREDIT ON ONE INDICATOR, RESULTING IN A 95 OVERALL. SOURCE: TEXAS EDUCATION AGENCY/COMMUNITY IMPACT
FIRST “ensures financial accountability and transparency across Texas public schools,” accord- ing to a PISD presentation. “We are dedicated to ensuring that every dollar is spent wisely,” PISD Superintendent Larry Berger said in an Oct. 10 news release.
The background FIRST began after the 77th Texas Legislature passed Senate Bill 218, which required the TEA to form a rating system for school districts’ finances. Districts are also required to prepare a report.
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