State legislators created the School Financial Integrity Rating System of Texas in 2001 to encourage school districts to efficiently manage their financial resources in order to maximize students' education, according to a TEA press release.
SISD and KISD are among the 84.8 percent of Texas school districts that received a superior, or A rating. A total of 11.3 percent of school districts received an "above standard achievement," or B rating; 3.4 percent received a "meets standard achievement," or C rating and only 0.5 percent received a "substandard achievement," or F rating. Districts must earn at least 60 out of 100 to score higher than F.
The FIRST ratings also include charter schools—of which 74.1 percent earning an A rating and 1.8 percent earned an F.
According to the TEA's press release, the FIRST ratings are based on 15 indicators such as administrative expenses, financial vulnerabilities and the accuracy of a district's financial information submitted to TEA.
View the full list of ratings here.