Tracy Ray, WISD Assistant Superintendent for Business and Operations, also reported to the board that the district received a “Superior Rating” based on the state’s Financial Integrity Rating System of Texas guidelines.
Ray said the district scored a perfect 70-out-of-70 based on 20 indicators used in the rating system process.
“Our ‘Superior Rating’ was not just achieved by the WISD Business Department alone,” she added. “Other factors that were associated with the scoring included tax collection, student-to-staff ratio, and maintaining an adequate fund balance.”
Ray also said the business office continues to do an outstanding job when it comes to compliance issues.
“We are very successful at providing a clean audit, we have strong internal controls, and we do not have material weaknesses or disclosure issues,” she added.
According to the Texas Education Agency, the purpose of the financial accountability rating system is to ensure that school districts are held accountable for the quality of their financial management practices and achieve improved performance in the management of their financial resources.
The system is designed to encourage Texas public schools to manage their financial resources better in order to provide the maximum allocation possible for direct instructional purposes.