Hays and San Marcos CISDs score high on financial integrity

Both local districts received high scores on financial integrity. (Courtesy Adobe Stock)
Both local districts received high scores on financial integrity. (Courtesy Adobe Stock)

Both local districts received high scores on financial integrity. (Courtesy Adobe Stock)

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Texas school districts are scored annually on financial integrity. San Marcos and Hays CISDs have had consistently high scores over the last several years.
Both the Hays CISD board of trustees and the San Marcos CISD board of trustees heard presentations from staff at their Nov. 18 meetings about the annual School Financial Integrity Rating System of Texas reports.

HCISD received a School FIRST score of 98 out of 100, while SMCISD received a 100 out of 100.

The 2019 ratings are the third year in a row SMCISD has achieved a score of 100 and mark an improvement for HCISD over the previous year.

FIRST reports include analysis of the district’s finances by an independent auditor based on the most recent audited data available, which for the 2019 report is the data for the 2017-18 fiscal year. The ratings are based on criteria such as whether the district made timely payments and its ratio of long-term liabilities and assets.
According to the HCISD presentation, the idea behind the FIRST reports is to “achieve quality performance in the management of school districts’ financial resources.”
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