Round Rock ISD earned a "superior" rating of its financial integrity from the Texas Education Agency, an Aug. 10 news item from the district states.
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.
"Once again, we have confirmation that Round Rock ISD’s finance team is truly among the best of the best,” Superintendent Hafedh Azaiez said in a statement. “Led by our Chief Financial Officer Dennis Covington, the entire team has earned an exemplary reputation across the state and nation for strong fiscal management. I see firsthand the care and dedication each member of the team shares as they work tirelessly to meet the needs of our students and staff. I am so proud to see their efforts recognized again and again.”
Round Rock ISD has earned an A rating for 18 of the past 19 years, according to TEA data and the district's statement.