Marble Falls ISD Executive Director of Finance, Lisa LeMon, reported to the MFISD Board of Trustees Monday during the regular Board Meeting that the District received a rating of “A” for “Superior Achievement” under Texas’ School FIRST accountability rating system. This is the 14th year of the School FIRST rating system.
The rating is based on a Texas Education Agency (TEA) 2016 School Financial Integrity Rating System of Texas (FIRST) analysis of financial data for the last financial year. The score was determined after the State examined fifteen different financial indicators as defined in 19 Texas Administrative Code §109.1002(f).
“This rating demonstrates the quality of Marble Falls ISD’s financial management and reporting system,” reports LeMon. “Again this year, we achieved the highest possible rating showing that our district is making the most of our taxpayers’ dollars.”
LeMon’s review of the FIRST ratings during the public Board meeting Monday included a summary of information submitted to the TEA relating to the District’s financial condition. The presentation summarized the key indicators from the report so taxpayers can easily review the high financial performance expectations set by the Marble Falls Board of Trustees for District operations, funding and solvency. Detailed information from the report can be accessed at:
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 FIRST rating indicates that Marble Falls ISD is accountable not only for student learning, but also for achieving results cost-effectively and efficiently. Marble Falls ISD has achieved the highest rating for 13 prior years.
“The District’s FIRST rating is a reminder of the fact that under Lisa LeMon’s leadership, Marble Falls ISD manages District funds in an effective, efficient, and transparent manner,” said MFISD Superintendent, Dr. Chris Allen.
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