WISD earns ‘Superior’ rating for 2020–2021 financial integrity

In final ratings from the Texas Education Agency, Wimberley ISD received the rating of “Superior” and a letter grade “A” on the 2021–2022 Texas Financial Integrity Rating System of Texas report. WISD received a total of 96 out of 100 points, four more points than the year prior.

The rating is based on 20 base indicators with five critical indicators, nine indicators related to solvency and six indicators related to financial competence. For this rating year, three indicators were not scored by the TEA. These indicators included results of the annual external audit, debt management, fund balance and administrative cost ratio, among other financial indicators.

The Schools FIRST accountability rating system uses ratings of “A-Superior,” “B-Above Standard”, “C-Meets Standard,” or “F-Substandard Achievement.” This recent designation is based on financial information from the 2020–2021 fiscal year.

The FIRST rating, which has been issued for the past 19 years, measures the quality of school districts’ financial management and reporting. The report ensures that Texas public schools are held accountable for the quality of their financial management practices and that they improve those practices. The system is designed to encourage Texas public schools to better manage their financial resources to provide the maximum allocation possible for direct instructional purposes.

The report was presented by WISD Chief Financial Officer Moises Santiago at the WISD Board of Trustees meeting on Monday, Dec. 12. For more information, contact Santiago at moises. [email protected].