PRESS RELEASE: Stafford MSD Announces Best Fiscal Accountability Rating Again

FOR IMMEDIATE RELEASE

Stafford MSD Announces Best Fiscal Accountability Rating Again

October 29, 2020 -- STAFFORD, Texas – Stafford Municipal School District officials announced that the

district received a rating of “A” for “Superior Achievement” under the Financial Integrity Rating System of

Texas (FIRST). The “Superior Achievement” is the state’s highest rating, demonstrating the quality of

Stafford MSD’s financial management and reporting system.
 

This is the 17th year of Texas’ Schools FIRST, 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 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 the

Texas’ school finance system.
 

“We are pleased with SMSD’s Schools FIRST rating because it shows that our district is making the most

of our taxpayers’ dollars. This rating shows that we are accountable not only for student learning, but also

for achieving these results cost-effectively and efficiently,” said SMSD Superintendent of Schools Dr.

Robert Bostic. 

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.” Stafford MSD

has earned a “Superior Achievement” rating every fiscal year since 2002-2003, according to TEA. There

was a change in grading by FIRST in fiscal years 2006-2007 and 2014-2015, and SMSD still maintained

the highest possible rating.