Frisco ISD received 98 out of 100 possible points in the state’s financial accountability rating system.
The School Financial Integrity Rating System of Texas (FIRST) was created by the 77th Texas Legislature in 2001 to encourage public schools to better manage their financial resources to provide the maximum allocation possible for direct instructional purposes.
Frisco ISD received an A or Superior rating for 2016-17, a designation the District has maintained since the program’s inception.
The 2016-17 ratings are based on annual financial reports provided to the Texas Education Agency by districts and charters from the 2016 fiscal year. The financial accountability system requires TEA to review the audited financial reports from all districts and charters.
The FIRST ratings are based on 15 financial indicators, such as administrative cost expenditures, the accuracy of a district or charter’s financial information submitted to TEA and any financial vulnerabilities or material weaknesses in internal controls as determined by an external auditor.
Eighty-four percent of all Texas school districts and charters earned a superior rating for 2016-17. Learn more about the rating system.