Hutto ISD receives highest classification in state financial accountability rating

Hutto ISD scored among the top of all school districts in Texas in the stateu2019s Financial Integrity Rating System, the district announced Thursday night.

Hutto ISD scored among the top of all school districts in Texas in the stateu2019s Financial Integrity Rating System, the district announced Thursday night.

Amid a 5-year enrollment growth of more than 20 percent, Hutto ISD scored among the top of all school districts in Texas in the state’s Financial Integrity Rating System, the district announced Thursday night.

Hutto ISD received a “superior” rating in the financial accountability test, scoring 96 points out of a possible 100.

The Financial Integrity Rating System of Texas, or FIRST, scores school districts across 15 separate indicators of fiscal accountability.

Those indicators identify a district’s financial stability in terms of debt, cash-on-hand, administrative costs, payment compliances, assets, enrollment and analysis from an independent auditor.

“Hutto ISD received the highest possible rating,” Jeffri Orosco, director of finance for Hutto ISD, said Thursday night.

The school district received two scores of 8 out of 10 on just two indicators, the only ratings on which the district was docked points.

Those two indicators rated whether the number of days of cash on hand and current investments for the school are sufficient to cover operating expenditures and whether the ratio of current assets to liabilities are healthy enough to cover short-term debt.

According to financial documents provided to the state, Hutto ISD has $12.7 million in cash-on-hand and equivalents, with $59.97 million in total expenditures. Further, Hutto ISD currently holds $34.99 million in assets and $11.8 million in liabilities.

“There’s a lot of indicators here that take into effect our growth,” said Glenn Graham, chief financial officer for Hutto ISD. “The state understands when you take on a lot of growth, you take on a lot of debt.”

Orosco told the Board of Trustees tonight that the school district has experienced a growth of 20.52 percent growth in students in the past five years.

In a series of financial disclosures presented Thursday night, the district showed that Hutto ISD Superintendent Celina Estrada Thomas received no outside compensation or fees for personal consulting or personal services in the last fiscal year.

Additionally, no district administrators or board members received reportable gifts in the last fiscal year, and no board members had business transactions with the school district.
SHARE THIS STORY


MOST RECENT

Oh-Ho Chinese BBQ & Asian Cuisine is under new ownership in Round Rock. (Courtesy Oh-Ho Chinese BBQ & Asian Cuisine)
Oh Ho Chinese BBQ and Asian Cuisine under new ownership in Round Rock

Trung Tang is the new owner of Oh-Ho Chinese BBQ & Asian Cuisine in Round Rock.

Austin Regional Clinic has administered more than 84,000 flu vaccinations to date in 2019.
DATA: Austin Regional Clinic gave thousands of flu tests after Thanksgiving; second spike possible during holidays

Austin Regional Clinic gave more than 4,500 flu tests leading up to Thanksgiving.

River Ranch County Park celebrates the groundbreaking of its $1.9 million interpretive center Dec. 10. (Ali Linan/Community Impact Newspaper)
River Ranch County Park breaks ground on new interpretive center

The interpretive center will offer classroom and meeting space, as well as exhibits about the park.

Ike's Love & Sandwiches opened a Round Rock shop in early December. (Taylor Jackson Buchanan/Community Impact Newspaper)
Ike's Love & Sandwiches opens in Round Rock

The California-based restaurant chain, opened a Round Rock location Dec. 8.

Texas-based Mega Furniture plans to open its first Round Rock store, according to signage on the building. (Taylor Jackson Buchanan/Community Impact Newspaper)
Mega Furniture to open Round Rock store

The furniture store is set to open in the suite that formerly housed outdoor activity outfitter REI.

Waffle Love is set to open a Belgian waffle restaurant on Gattis School Road in Round Rock. (Kelsey Thompson/Community Impact Newspaper)
Waffle Love to open Round Rock restaurant

Waffle Love, a national Belgian waffle franchise, specializes in sweet, savory and customizable waffle dishes.

Amy Madison, executive director of the Pflugerville Community Development Corp., will serve a two-year term on the Texas Economic Development Council's board of directors. (Courtesy PCDC)
Pflugerville Community Development Corp. executive director appointed to Texas Economic Development Council

Amy Madison, executive director of the Pflugerville Community Development Corp., will serve a two-year term on the Texas Economic Development Council's board of directors.

Carla Amacher, area superintendent of Round Rock ISD, was one of two recipients for the 2020 Johnny L. Veselka Scholarship. (Courtesy Round Rock ISD)
Round Rock ISD administrator named recipient of Texas Association of School Administrators scholarship

Carla Amacher of Round Rock ISD and Mike Rockwood of Lamar CISD were announced as the two recipients of the 2020 Johnny L. Veselka Scholarship.

Three Legged Goat, a wine and craft beer bar, will expand its facilities in downtown Pflugerville. (Taylor Jackson Buchanan/Community Impact Newspaper)
Three Legged Goat to expand downtown Pflugerville bar

Three Legged Goat is a wine and craft beer bar located at 200 E. Pecan St., Ste. 5, in Pflugerville.

Pflugerville City Council unanimously approved a resolution reducing the scope of its Lake Pflugerville improvements at its Dec. 10 meeting. (Community Impact Staff)
City Council approves reduced scope for Lake Pflugerville improvements

Pflugerville City Council unanimously approved a resolution reducing the scope of its Lake Pflugerville improvements at its Dec. 10 meeting.

KFC opened in Hutto on Dec. 10. (Kelsey Thompson/Community Impact Newspaper)
KFC now open in Hutto

The national fast food chain is known for its fried chicken, along with traditional Southern sides such as mashed potatoes and coleslaw.

Travis County commissioners voted to allow staff to begin contract negotiations for a new women's jail facility at a Dec. 10 meeting. (Courtesy Travis County Sheriff's Office)
Travis County begins contract negotiations for women’s jail facility as overall jail population continues to decline

The county has planned to build a new, separate women’s facility for years, despite some pushback from local activists.

Back to top