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Melissa ISD earns superior rating, perfect score on 2019-2020 fiscal report

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20

Nov 2020
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For the eighteenth consecutive year, Melissa ISD has earned a superior rating according to state fiscal accountability guidelines, as determined by the Financial Integrity Rating System of Texas (FIRST).


The superior rating is the highest of the four possible rating levels. In addition to maintaining superior rating longevity, the district also received a perfect score of 100 points on the fiscal report for the third consecutive year.

Lance Rainey, Chief Financial Officer, presented a summary of the 2019-2020 Melissa ISD FIRST Report at the regularly scheduled Board of Trustees meeting on Nov. 16, 2020. The report can be accessed from the Business Services department web page under Required Postings.

Mr. Rainey shared, “The FIRST Report measures the overall financial health of a school district based on 15 different indicators concluded by our external audit firm. We have a great administrative and business office team working purposely to achieve this status. Our financial health puts us in the absolute best position possible for future bond program ratings and also helps us prepare for the upcoming legislative session, which we are hearing will have a financial impact on schools across the state of Texas over the next biennium.”


From the Texas Education Agency: “The state’s school financial accountability rating system, known as the School Financial Integrity Rating System of Texas (FIRST), ensures that Texas public schools are held accountable for the quality of their financial management practices and that they improve those practices. The system is designed to encourage Texas public schools to better manage their financial resources to provide the maximum allocation possible for direct instructional purposes.”


Media Contact:
Maddie Coe, Director of Communications

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