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RED OAK – Red Oak ISD announced the district earned a Superior Achievement grade of ‘A’ on the 2021 Financial Integrity Rating System of Texas report. The rating is based on the financial data from the 2019-2020 fiscal year.
ROISD scored 90 points this year; the district had 90 points last year as well.
The FIRST system started in 2001 to include financial data into the Texas public education accountability system.
The system provides for public transparency, assesses the financial management of a public school system, and ensures districts are striving for academic success both cost-effectively and efficiently.
The FIRST rating has been amended many times over the years; currently, ISDs can earn a maximum of 100 points on 20 financial indicators, up from 15 last year.
ROISD passed all four critical indicators; indicator five was not included in this year’s calculation. Indicators 1-4 relate to the annual report submission on time, an unmodified “clean” audit, bond payments submitted on time, and payroll withholdings made to appropriate agencies.
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