Conroe ISD Receives Highest Financial Rating for 18th Consecutive Year
Congratulations to Conroe ISD for receiving an “A” rating, or “Superior,” under the Financial Integrity Rating System of Texas (FIRST) for the 18th consecutive year. The “Superior” rating is the state’s highest, demonstrating the quality of Conroe ISD’s financial management and reporting system.
The primary goal of School FIRST is to achieve quality performance in the management of school districts’ financial resources, a goal made more significant due to the complexity of accounting associated with Texas’ school finance system.
The 2020-2021 ratings are based on annual financial reports provided to TEA by districts and charters from 2019-2020. The financial accountability system requires TEA to review the audited financial reports from all districts and charters. The FIRST ratings are based on 20 financial indicators, such as administrative cost expenditures; the accuracy of a district or charter’s financial information submitted to TEA; and any financial vulnerabilities or material weaknesses in internal controls as determined by an external auditor.