December 1, 2020
SMITHVILLE ISD Earns State’s Highest Fiscal Accountability Rating
Smithville Independent School District officials announced that the district
received a rating of “A” for “Superior Achievement” under Texas’ School FIRST financial accountability rating system. The “Superior Achievement” rating is the state’s highest, demonstrating the quality of Smithville ISD’s financial management and reporting system.
This is the 18th year of School 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 and amendments under House Bill 5, 83rd Texas Legislature, Regular Session, 2013.
The primary goal of School 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 consistent and productive manner in which the SISD Business & Finance Department operates is a reflection of how the district utilizes our taxpayer's dollars efficiently,” said Smithville ISD Superintendent Cheryl Burns. The rating reflects that Smithville ISD is not only accountable for student learning, but also for achieving these results cost-effectively and efficiently.”
The Texas Education Agency assigned one of four financial accountability ratings to Texas school districts, with the highest being “A” for “Superior Achievement,” followed by “B” for “Above-Standard Achievement,” “C” for “Standard Achievement” and “F” for “Substandard Achievement. Smithville ISD has achieved the highest rating for 17 year(s).