FOR IMMEDIATE RELEASE
Stafford MSD Announces "Superior Achievement" 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 Texas Education Agency's 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.