Conroe ISD Receives Highest Financial Rating for 18th Consecutive Year
THE WOODLANDS, TX -- Conroe ISD has received an “A” rating, or “Superior,” under the Financial Integrity Rating System of Texas (FIRST) for the 18th consecutive year. The “Superior” rating is the state’s highest, demonstrating the quality of Conroe ISD’s financial management and reporting system.
“We are very pleased with Conroe ISD’s FIRST rating. It is our eighteenth year to receive the highest possible rating, and we are proud to have earned a perfect score of 100 out of 100.” said Darrin Rice, Conroe ISD Chief Financial Officer. “We believe in the responsible management of taxpayers’ dollars and transparency. This recognition validates that.”
The 2020-2021 ratings are based on annual financial reports provided to TEA by districts and charters from 2019-2020. The financial accountability system requires TEA to review the audited financial reports from all districts and charters. The FIRST ratings are based on 20 financial indicators, such as administrative cost expenditures; the accuracy of a district or charter’s financial information submitted to TEA; and any financial vulnerabilities or material weaknesses in internal controls as determined by an external auditor.
All school districts and charters are required to report information and financial accountability ratings to parents and taxpayers. In addition, districts and charters must hold a public discussion or hearing regarding its financial report. Conroe ISD held its public hearing on Tuesday, October 19, 2021.
To review the 2020-2021 FIRST ratings for all districts and charters, visit the TEA website. To learn more about Conroe ISD’s finances, please visit our Texas Transparency webpage.