El Paso ISD earns an A rating for fiscal management by state
(EL PASO INDEPENDENT SCHOOL DISTRICT – Oct. 25, 2022) — The Texas Education Agency this year gave the El Paso Independent School District’s financial management and reporting system an “A” rating — the highest given by the state.
El Paso ISD earned a Superior Achievement rating in the Financial Integrity Rating System of Texas, or FIRST, based on data collected and reported during the 2021 fiscal year, which is the latest reporting year.
“El Paso ISD has received the highest rating of Superior Achievement for 19 years,” Superintendent Diana Sayavedra said. “The superior rating shows El Paso ISD is a good steward of taxpayer dollars and uses funds both effectively and efficiently for the benefit of our students.”
The rating is determined by the state using 20 reporting indicators that include the successful completion and publishing of a financial statement, the effective and clear auditing of the financial statements by an independent auditor, compliance with debt payments, payments to the Teacher’s Retirement System, the strength of the District’s financial reserves, and a low administrative cost ratio.
El Paso ISD’s administrative cost ratio is among the lowest in the region and the state.
The District received a total of 94 points out of 100. This is the 19th time in the 20 years the FIRST rating has been issued that El Paso ISD has received a Superior Achievement rating.