Hutto ISD achieves 'A' financial rating from TEA for 2023-24 school year

Hutto ISD earned a "superior" rating of its financial integrity for the 2023-24 school year from the Texas Education Agency, administrators shared Oct. 24.

What you need to know

The Financial Integrity Rating System of Texas scores districts as A through F. This rating is based on 15 different metrics, such as audit and governance disclosures, cash and investments, tax collections, fund balance, debt management, administrative costs, capital projects, and staff levels.

This year, HISD earned a rating of 98 out of 100, translating to an A or "superior" rating, similar to the rating it received in the previous school year.

Did you know?

The data used to assess the district's financial practices is from the 2022-23 school year, administrators said. It is one of several data points that are referred to as a "lagging indicator." This means the district receives a rating for the school year based on data from the previous year.

What else?

This is the ninth consecutive year that the district has earned an A rating from the TEA for its financial accountability evaluation.