Hutto ISD Thursday night announced that the district had received an 'A' rating from the School Financial Accountability Rating System of Texas.

The rating is the highest of four available determinations from the state's financial accountability rating scale. The School Financial Accountability Rating System of Texas is a program developed by the Texas Education Agency.

The financial accountability rating system was created to ensure school districts manage their financial institutions responsibly.

“This rating shows that our district is making the most of our taxpayers’ dollars and that Hutto ISD’s schools are accountable not only for student learning but also for achieving these results cost-effectively and efficiently," said Hutto ISD Interim Superintendent Ed Ramos.

Hutto ISD received perfect ratings on most of the measurements by which the district is graded, with points taken off on only two fields.

The two fields in which Hutto ISD lost points asked the following questions: "Was the number of days of cash on hand and current investments in the general fund for the school district sufficient to cover operating expenditures (excluding facilities acquisition and construction)?" and "Was the measure of current assets to current liabilities ratio for the school district sufficient to cover short-term debt?"

At the time the district was being evaluated by the School Financial Accountability Rating System of Texas, Hutto ISD held $25.8 million in assets with $9.3 million owed in liabilities during that same time.

Hutto ISD has received an 'A' rating for every year of the School Financial Accountability Rating System of Texas program, dating back to 2002.