Aldine ISD Again Earns State’s Top Financial Rating

This is the 14th consecutive year Aldine ISD has earned the top rating from the Texas Education Agency (TEA).

Aldine ISD earned a letter grade of “A” along with a management rating of “Superior.”

School FIRST (Financial Integrity Rating System of Texas) used data from the 2015 fiscal year.

A “Superior” rating is the state’s highest possible rating. It demonstrates the high quality of Aldine ISD’s financial management and reporting.

The rating system encourages public schools to better manage their financial resources. They must provide the greatest allocation possible for district instructional purposes.

The FIRST ratings has 15 financial indicators.

Indicators Include:

[ul class=”list list-search”] [li]Administrative cost expenditures[/li] [li]Accuracy of the financial information submitted to TEA [/li][/ul][ul class=”list list-search”] [li]Financial vulnerabilities or material weaknesses in internal controls as determined by an external auditor[/li][/ul]

School FIRST assigns one of four ratings to districts. The highest rating is “Superior Achievement.” This is followed by “Above Standard Achievement,” “Meets Standard” and “Substandard Achievement.”

There are five critical indicators that result in an automatic Substandard Achievement (F) rating. This happens when a district fails in that specific category — regardless of overall score.

The state requires all districts to report information and financial accountability ratings to taxpayers. Districts must also hold a public discussion or hearing about its financial report.