Frisco ISD has earned an “A” rating in the state’s assessment of school districts’ financial management practices.
The Financial Integrity Rating System of Texas (FIRST) report aims to achieve quality performance in the management of school districts’ financial resources. The District presented the FIRST rating at its September Board meeting.
Frisco ISD received a Superior rating of 100 out of 100 points for its 2025-26 rating, which is based on 2024-25 data. About 82% of Texas school districts received an “A” rating.
FIRST issues its ratings based on 21 indicators that demonstrate the quality of the district’s financial management and reporting system.
Receiving an “A” in the FIRST report is just one of many examples of Frisco ISD’s fiscal responsibility, including:
Passing a balanced budget for the past three years
Hosting a series of public Board budget workshops for the six months leading up to the budget adoption
Saving taxpayers $152.2 million in future interest payments through debt refinancing in 2025-26
Frisco ISD fiscal stewardship
Financial reporting:
GFOA Certificate of Achievement for Excellence in Financial Reporting
GFOA Award for Outstanding Achievement in Popular Annual Financial Reporting
ASBO Certificate of Excellence in Financial Reporting
GFOA Distinguished Budget Presentation Award
ASBO Meritorious Budget Award
Credit ratings:
Moody’s - Aa1 Underlying/Aaa Enhanced
Standard & Poor’s - AA+ Underlying/AAA Enhanced
Comptroller’s Transparency Stars:
Traditional Finances
Debt
Contracts & Procurement
Open Government