In a nutshell
Lewisville ISD scored a 98 out of 100 points, earning a “superior achievement,” Wrehe said. The TEA’s Financial Accountability Rating System of Texas, or FIRST, rates school districts on several financial factors, including debt payment, financial reporting and solvency, according to the TEA’s website.
“The district received an A rating, which is a superior achievement,” Wrehe said.
More details
LISD lost two points in long-term solvency, due to taking on debt from bond sales, Wrehe said. While the bond sales caused the district to lose points in long-term solvency, the bond sales earned the district more points than last year in short-term solvency. LISD earned 10 points in short-term solvency, four points higher than the previous report’s six points.
LISD did not lose points in any other part of the rating, earning all points in debt payments, administrative costs and financial reporting.
LISD earned a superior rating every year since 2020, according to TEA data.
TEA financial accountability ratings fall into the following categories:
- A, superior: 90-100
- B, above standard: 80-89
- C, meets standard: 70-79
- F, substandard: 0-69
