HOUSTON – Nov. 13, 2015 – The Spring Independent School District received the highest rating possible from the Financial Accountability Rating System of Texas for the district’s 2013-14 fiscal year. Commonly referred to as School FIRST, the objective of the rating system is to assess the quality of financial management in Texas public schools.
Ann Westbrooks, chief financial officer, said the district received the highest possible score in each category resulting in a perfect score overall and a rating of Passed.
The School FIRST rating system used to assess the 2013-14 year consists of seven base indicators that analyze trends related to financial management efficiencies. The first four indicators are answered with either a “yes” or “no” answer while the remaining indicators are assigned a point value. Each indicator is weighted equally with the exception of the first four. Failure to comply with any of these four indicators results in an automatic failure.
A copy of the report is online on the Financial Transparency web page. Printed copies are available from the finance office upon request.