Eanes ISD receives highest classification in state financial integrity rating

Eanes ISD was given the highest grade in a financial integrity system.

Eanes ISD was given the highest grade in a financial integrity system.

Eanes ISD Director of Finance Maria Rockstead presented the district's 2018-19 rating from the Financial Integrity Rating System of Texas, or School FIRST, which has been in place since 2003. The scores are based on the financial information from the previous school year, taking into account 15 indicators measuring financial management practices.

Districts are required by the state to present a public report of its rating, Rockstead said.

The district was awarded a 94, which the system classified as a superior rating. EISD has received the highest possible rating since the system’s inception. The rating provides an overview of the district’s financial stability, factoring in fund balance reserves, debt payments and expenditures, according to district information.

EISD was rated two points lower than the previous year, and according to Rockstead, the decrease is likely due to the recapture system. In June 2018, EISD was required to contribute $26 million dollars to the state's recapture system, which was due in July and August.

Texas’ recapture system, often referred to as “Robin Hood,” was enacted in 1993 and requires districts with a value per student higher than $541,000 to pay a recapture rate based on the district’s taxable value, according to the Texas Education Agency.

“As the recapture burden increases each year, Eanes will have a lower score on this indicator,” Rockstead said.
By Amy Rae Dadamo
Amy Rae Dadamo is the reporter for Lake Travis-Westlake, where her work focuses on city government and education. Originally from New Jersey, Amy Rae relocated to Austin after graduating from Ramapo College of New Jersey in May 2019.


MOST RECENT

The Austin City Council is set to meet May 6 to go over a 70-item agenda. (Ben Thompson/Community Impact Newspaper)
Austin City Hall notebook: Votes on revamped APD cadet academy, possible shift in homeless strategy on tap May 6

Council may look to the possibility of establishing designated campgrounds for the Austin's homeless this spring, with a citywide public camping ban set to go into effect May 11.

Heidi Sloan will assume the position of head of school on July 1. (Courtesy St. Michael's Catholic Academy)
St. Michael’s Catholic Academy announces new head of school

As director of academics, Sloan spearheaded the school’s Winter Term program—a global travel internship program currently in its sixth year.

Austin City Council will vote on whether to reboot the police department's training academy May 6. (Courtesy Austin Police Department)
Benchmarks for 'reimagined' APD cadet academy on track ahead of City Council commencement vote

Training of the Austin Police Department's 144th cadet class could get underway next month following an overhaul of the academy's instructional process and curriculum.

Photo of a gloved hand holding a vaccine vial with the words "vaccine news" superimposed
Austin-area health officials prep for vaccines to open to kids 12 and up

Austin-Travis County interim Health Authority Mark Escott said he expects the FDA to authorize Pfizer's vaccine for kids 12 and up within a week.

Catch up on election results from the Lake Travis-Westlake area. (Community Impact Newspaper staff)
ROUNDUP: Election results, reactions from the Lake Travis-Westlake region

Lake Travis-Westlake residents took to the polls May 1 to cast their ballot in several location elections. Following the final results, the region will see a new mayor, a new school board member and changes to city charters.

Reunión 19 is serving tacos, burritos and more at The Waypoint Food Truck. (Courtesy Reunión 19)
East Austin taqueria opens location in Lake Travis food truck park

Reunión 19, an East Austin-based taqueria, opened a new food truck in April at The Waypoint Food Trailer Park in the Hudson Bend area.

Lakeway City Council discussed May 3 the need to improve a Hurst Creek footbridge as part of an overall discussion of needed capital improvements. (Greg Perliski/Community Impact Newspaper)
Safety of footbridge at Hurst Creek called into question

Footbridge part of larger council discussion of city's capital improvement budget

New penalties for camping and several other activities will be enforced after the May 1 election is certified and Proposition B's homeless ordinances are in effect. (Ben Thompson/Community Impact Newspaper)
With Proposition B's passage, Austin City Council looks to solidify homelessness summit goals, may consider designated campgrounds

The city may look to the concept of temporary designated campsites to house individuals experiencing homelessness after a new camping ban enacted through Proposition B goes into effect.

Photo of hands in purple gloves prepared a vaccine vial
As Travis County receives fewer vaccines this week, state asks for 'one more big push' in distribution

The Texas Department of State Health Services is shifting its distribution model for vaccines moving forward.

Summer Classics Home offers interior and outdoor home collections. (Courtesy Summer Classics Home)
Summer Classics Home coming soon to RM 620

The showroom will offer both outdoor and indoor interior home collections in timeless styles.

Lakeway City Council meets on May 3 to discuss future capital improvement projects. (Community Impact Newspaper staff)
Lakeway City Council to discuss draft of its capital improvement plan at May 3 meeting

Council members also scheduled to discuss revising current COVID-19 emergency order.