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NBISD receives “A” rating for financial accountability
10/16/2021

School FIRST Rating A

New Braunfels ISD received a score of 98 points out of 100 and was awarded a letter grade of “A” in the School Financial Integrity Rating System of Texas (FIRST). NBISD has received the highest rating in the state’s financial accountability system since its inception in 2002.

The FIRST ratings are based on 20 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.

"New Braunfels ISD is proud to once again earn a Superior Rating from TEA on the annual FIRST report,” said Dr. Clint McLain, assistant superintendent of finance and operations. “The Financial Integrity Rating System of Texas ensures that Texas schools are held accountable in all aspects of financial management practices and shines a light on how we continue to be good stewards of the community's finances."

As required, NBISD held a public hearing to publicize the District’s financial report and rating on Oct. 11 during the regular monthly Board meeting held in the NBISD Administration Center Boardroom.

The current ratings are based on annual financial reports provided to TEA by districts and charters from the 2019-2020 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  FIRST report for NBISD as well as reports from past years, go to: 
https://tealprod.tea.state.tx.us/First/forms/District.aspx?year=2019&district=046901

 

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