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Bastrop ISD Ranked ‘Superior’ in Financial Rating

Bastrop ISD Ranked ‘Superior’ in Financial Rating

Bastrop Independent School District officials announced that the district received a final rating of “Superior Achievement” under Texas’ Schools FIRST financial accountability rating system. The Superior Achievement rating is the state’s highest, demonstrating the quality of Bastrop ISD’s financial management and reporting system.

"Bastrop ISD and the extremely capable Office of Financial Services led by Chief Financial Officer, Sandra Callahan have received a "Superior Rating" (highest rating given) in FIRST (Financial Integrity Rating System of Texas) from the Texas Education Agency for the 11th consecutive year. We are proud of all of the folks that work in Sandra’s department, as well as our district and campus leadership team for their diligence and financial stewardship. As an entity serving the public and taxpayers, we take financial accountability and transparency very seriously. We are proud to receive the highest rating given in FIRST and are committed to doing whatever we can to continue sound and forward-thinking financial practices in Bastrop ISD," said Superintendent Steve Murray.

This is the eleventh year of Schools FIRST (Financial Accountability Rating System of Texas), a financial accountability system for Texas school districts developed by the Texas Education Agency in response to Senate Bill 875 of the 76th Texas Legislature in 1999. The primary goal of Schools FIRST is to achieve quality performance in the management of school districts’ financial resources, a goal made more significant due to the complexity of accounting associated with Texas’ school finance system.

“The District received a perfect score of 70 for the second year. The District will conduct a public hearing on October 15 to report the 2011-12 FIRST rating,” said Bastrop ISD Chief Financial Officer, Sandra Callahan.

The Schools FIRST accountability rating system assigns one of four financial accountability ratings to Texas school districts, with the highest being “Superior Achievement,” followed by “Above-Standard Achievement,” “Standard Achievement” and “Substandard Achievement.” Districts with serious data quality problems may receive the additional rating of “Suspended – Data Quality.” Districts that receive the “Substandard Achievement” or “Suspended – Data Quality” ratings under Schools FIRST must file a corrective action plan with the TEA.

For more information about the Schools FIRST financial accountability rating, contact Chief Financial Officer Sandra Callahan at 512-321-2292.