EDINBURG – The Texas Education Agency (TEA) recently announced that the Edinburg Consolidated Independent School District’s Finance Department earned an “A” or Superior rating in financial accountability for the 2017-2018 school year.
“For 16 consecutive years, our Finance Department has received this prestigious award, which is the highest rating possible. We congratulate the hard-working financial staff for this outstanding achievement,” ECISD Superintendent Dr. René Gutiérrez said. “Year after year, we are proving to our school community that we maintain financial responsibility and transparency. We take care of our taxpayers’ dollars.”
According to TEA, 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.
Ratings for the 2017-2018 school year are based on annual financial reports provided to TEA by districts and charter schools for the 2017 fiscal year. The financial accountability system requires TEA to review the audited financial reports from all districts and charters.
A school district or open-enrollment charter is assigned one of four possible letter grades (A, B, C or F), as well as a coinciding financial management rating (Superior, Above Standard Achievement, Meets Standard or Substandard Achievement).
To review the preliminary 2017-2018 FIRST ratings for all districts and charters, visit the TEA website.