Financial Integrity Rating System of Texas (FIRST)

Financial Integrity Rating System of Texas (FIRST)

Adopted 2020?2021 School FIRST Indicators

Presenter: Rita Bunton ESC Region 1: May 24, 2019

Copyright

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Notes on this Presentation

The applicable data for each rating year will be extracted from the data feed, Public Education Information Management System (PEIMS), and other required collection systems to produce your school district's final School FIRST rating.

The terms "school district" and "district" are used interchangeably throughout this presentation to refer to a school district.

The term Public Education Information Management System (PEIMS) is used throughout this presentation to refer to PEIMS Edit+ and the Texas Student Data System PEIMS (TSDS PEIMS).

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Agenda

School Financial Integrity Rating System of Texas (FIRST)

Adopted School FIRST Indicators for the 2020-2021 School FIRST Rating Year, based on FY 2020 data

Senate Bill 622 Useful Links Contact Information

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Indicators for 2020?2021 ratings are NOT the same as the 2016?2017 ratings

Point scales and ratings are different

There are 20 adopted indicators

An introduction of a new type of indicator, designated as a "Ceiling Indicator", is included with the adopted indicators.

What's New 2020-2021 School FIRST

Ratings

(Based on FY 2020 data)

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2020?2021 Ratings Year (Based on FY 2020 Data)

Rating A = Superior Achievement B = Above Standard Achievement C = Meets Standard Achievement F = Substandard Achievement

2019-2020 Ratings 90 ? 100 points 80 ? 89 points 60 ? 79 points 0 ? 59 points

2020-2021 Ratings 90 ? 100 points 80 ? 89 points 70 ? 79 points 0 ? 69 points

Must pass critical indicators (indicators 1-5) to receive a passing rating (Superior,Above Standard, or Meets Standard rating)

F = Substandard Achievement

Fail a critical indicator (indicators 1 through 5) or points less than Meets Standard Achievement rating

Substandard data quality because the AFR and/or the Data Feed was not submitted on time and/or not complete for FIRST analysis

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Ceiling Indicators

A Ceiling Indicator

adds additional criteria to designated indicators.

If the additional ceiling criteria is not met by the school district, a predetermined maximum number of points and

highest applicable School FIRST rating that may be earned are assigned to the school district.

Ceiling Indicator

Activation of Ceiling Indicator

Maximum Points

Rating

Indicator 4 ? Timely Payments and Warrant Hold(s) Issued

A warrant hold was issued in connection with untimely payments to governmental entities

95

A = Superior Achievement

Indicator 5 ? Unrestricted Net Position Passes indicator 5 solely on 7% or more increase in

Balance

students in membership over 5-year period

Indicator 6 ? 3-Year Change in Assigned and Unassigned Fund Balances

3-year change in assigned and unassigned fund balances < 25%, or assigned and unassigned fund balance > 75 days of operational expenditures

79

C = Meets Standard Achievement

89

B = Above Standard Achievement

Indicator 16 ? Comparison of PEIMS to PEIMS to AFR data exceeds 3% threshold AFR data

Indicator 17 ? Material Weaknesses in AFR discloses one or more material weaknesses in

Internal Controls over Financial Reporting internal controls over financial reporting and

and Compliance

compliance

Indicator 20 ? Property Values and Funding Lag Discussion with Board of Trustees

Property values and funding lag discussion did not occur

89

B = Above Standard Achievement

79

C = Meets Standard Achievement

89

B = Above Standard Achievement

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Ceiling Indicators, Continued

? Examples of the points and rating that a school district may earn when the criteria of a ceiling indicator is not met.

Indicator Number

Indicator 4

Indicator 5

Example

Your school district fails ceiling indicator 4 and your school district's total points before failing indicator 4 is 90 points, the maximum points and rating that your school district may receive is 90 points,A = Superior Achievement.

Your school district fails Part 1 of indicator 5, but passes critical indicator 5 based on Part 2, the school district's 7% or more increase in growth in students in membership over 5 years, and your school district's total points before passing indicator 5 solely on Part 2 of the indicator is 100 points, the maximum points and rating that your district may receive is 79 points, C = Meets Standard Achievement.

Maximum Points

90

79

Rating

A = Superior Achievement

(The maximum points that may be earned if the ceiling portion of indicator 4 is activated is 95 points. However, since the overall points/score is 90, the lower score supersedes the ceiling maximum.) C = Meets Standard Achievement

Indicator 6

Your school district fails ceiling indicator 6 and your school district's total points before failing ceiling indicator 6 is 86 points, the maximum points and rating that your school district may receive is 86 points, B = Above Standard Achievement, not 89 points, B = Above Standard Achievement.

86

B = Above Standard Achievement

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