by Coy Holcombe.
The 2007-2008 preliminary Financial Integrity Rating System (FIRST) of Texas for EISD has been released. The district has been rated "Superior Achievement" again. While this is considered a preliminary rating, for EISD, there is no reason to believe that this rating will change at all from now until the final ratings are released.
FIRST is a rating system that evaluates a district’s financial status based on 24 separate indicators. Indicators are rated on a yes/no format, a number scale of 1 to 5, or a number scale from 1 to 3. A perfect score would be 85. EISD scored 81.
Some may wonder why we are just now being rated on the 07-08 school year. This has to do with the calculations that are involved in the FIRST ratings. Almost every calculation is dependent on our audit report for the 07-08 school year. This audit report is due to TEA at the first of each calendar year. So, for the 07-08 school year, our audit report was due around the last part of January 2009. The information from this report must be uploaded in order to do the required calculations. This is done by TEA and is a rather time consuming task.
I would like to thank everyone in our business office for contributing to this achievement: Carol Warren, business manager, Debra Meyners, payroll supervisor, and Kara Weaver, accounts payable supervisor. Special recognition also needs to go to our board of trustees for their leadership and decision-making with regards to our finances.
A copy of the preliminary FIRST report is attached.