District receives superior rating for financial accountability
For the 17th time, Pearland Independent School District recently received an “A” for Superior Achievement under School Financial Accountability Rating System of Texas (FIRST) for the 2019-20 rating year based on the 2018-19 school year data.
The Superior Achievement rating is the state’s highest, demonstrating the quality of Pearland’s financial management and reporting system. A score of 90 out of a possible 100 earns the rating of Superior Achievement and Pearland received a score of 94.
This is the 18th year of School FIRST, a financial accountability system for Texas school districts implemented by the Texas Education Agency (TEA). The primary goal of School FIRST is to achieve quality performance in the management of school districts’ financial resources, a goal made more significant due to the complexity of accounting associated with Texas’ school finance system.
TEA assigns one of four financial accountability ratings to Texas school districts, with the highest being “A” for Superior Achievement, followed by “B” for Above-Standard Achievement, “C” for Standard Achievement and “F” for Substandard Achievement.
“The Schools FIRST accountability rating ensures that Texas school districts are accountable not only for student learning, but also for achieving these results cost-effectively and efficiently,” Pearland ISD Superintendent John Kelly said. “The information provided by the School First system will guide us in our continued efforts to maximize each taxpayer dollar.”