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Friendswood ISD scored 90 out of 100 points in its annual Financial Integrity Rating System of Texas, or FIRST, report.
The ratings are based on financial data from fiscal year 2024-25 and were presented to the board of trustees at its Oct. 12 meeting.
By the numbers
The district scored 4 out of 10 points on Indicator 8, which measures whether it has enough assets to manage its long-term debt, documents show.
On Indicator 11, which assesses whether the district has enough current assets to cover its short-term debt, the district scored 6 out of 10 points, bringing its overall score to 90 out of 100.
Some context
FIRST began after the 77th Texas Legislature passed Senate Bill 218, which required the Texas Education Agency to form a financial accountability rating system for school districts and mandated that districts prepare an annual financial management report.
The FIRST rating uses 21 indicators, according to district documents.
These include whether the district submitted financial documents to the TEA within the required time frame, whether the district made its debt payments by the end of the fiscal year, whether cash on hand was sufficient and whether the ratio of current assets to liabilities was sufficient to cover short-term debt, district documents show.
