For the 16th year in a row, The Klein ISD has earned a “Superior” rating in the Financial Integrity Rating System of Texas (F.I.R.S.T.). The rating, given by the Texas Education Agency, is the highest a school district can receive. A report on the rating was given as part of a public hearing during the October Klein ISD Board of Trustees meeting.
The rating system was adopted during the 1999 Texas Legislative session, and was implemented in 2003 for the 2001-2002 fiscal year. The intent was to expand the public education accountability system to the financial services area, and its primary goal is to achieve a quality performance when managing financial resources in Texas school districts. Klein ISD Financial Services Executive Director Audrey Ambridge says, “A goal made more significant due to the complexity of accounting associated with the school finance system.”
School districts are scored on 15 indicators, including general fund revenues exceeding expenses, administrative cost and student to staff ratios. This year’s rating is based on financial data from the 2016-2017 fiscal year (September 1, 2016 through August 31, 2017). On a scale of 100, Klein ISD received a score of 98, which falls in the “Superior” category. Out of 1,022 school districts across Texas, 837 (81.89%) have earned the top rating.