Financial Services: Financial Integrity Rating System of Texas (FIRST)
During the 77th regular session of the Texas Legislature (2001), Senate Bill 218 was passed and Governor Perry signed it into law shortly thereafter. This law requires each school district to prepare an annual financial accountability report within two months of the date of issuance of the final School FIRST ratings.
Many business-related issues are covered in this report. The Primary reporting tool, however, is the Financial Accountability Ratings Worksheet. This worksheet was developed by representatives of the Texas Education Agency (TEA), the Texas Business & Education Council (TBEC) and the Texas Association of School Business Officials (TASBO). It is administered by the TEA and calculated on information submitted to the Agency via our PEIMS submission each year.
Clear Creek ISD has maintained the highest rating possible since inception of the program. The worksheet itself and a discussion of its salient points are in the following Annual Financial Accountability Management Reports: