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NBISD receives “Superior” rating for financial integrity

New Braunfels ISD has been awarded the highest rating of “Superior” in the 2016-2017 School Financial Integrity Rating System of Texas (FIRST). NBISD received a score of 96 points out of 100 and was awarded a letter grade of “A” in this year’s financial accountability ratings.

The FIRST ratings are based on 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.

As required, the NBISD will hold a public hearing to publicize the District’s financial report and rating at 6:30 p.m. on Dec. 18, 2017, before the regular monthly Board meeting held in the NBISD Education Center Boardroom.

“Since the inception of this rating system, NBISD has received the top rating awarded to school districts for financial accountability,” said Steve Brown, NBISD executive director of business and operations. “We take pride in being good stewards of public funds and can say confidently that we are financially sound and operating efficiently.”

The 2016-2017 ratings are based on annual financial reports provided to TEA by districts and charters from the 2016 fiscal year. The financial accountability system requires TEA to review the audited financial reports from all districts and charters.

Created by the 77th Texas Legislature in 2001, the School Financial Integrity Rating System of Texas (FIRST) is designed to encourage public schools to better manage their financial resources to provide the maximum allocation possible for direct instructional purposes.

To review the 2016-2017 FIRST ratings for all districts and charters (plus view final FIRST ratings from previous years), visit the TEA website at http://tea.texas.gov/index4.aspx?id=3864.      

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