McKINNEY (Sept. 17, 2014) — McKinney Independent School District officials announced that the district received a rating of “Superior Achievement” under Texas’ Schools FIRST financial accountability rating system.
The Superior Achievement rating is the state’s highest, demonstrating the quality of McKinney ISD’s financial management and reporting system. This marks the 12th consecutive year McKinney has earned the Schools FIRST Superior Achievement rating and the 11th time during that period that the District has earned a perfect score.
The FIRST honor is one of several that the District has received over the last year and a half for outstanding financial accountability including the Comptroller’s Platinum Leadership Circle Award for Transparency and a 4.5 (out of 5) star rating, one of the highest in the state, on the Comptroller’s 2013 FAST (Financial Allocation Study for Texas) report which evaluates school spending and student progress.
The primary goal of Schools 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. McKinney ISD has received the highest rating every year since the rating system began 12 years ago.
“I am elated that our district received the Superior Achievement on the FIRST ratings for the 12th consecutive year,” said Dr. Edd Bigbee, Chief Financial Officer for McKinney ISD. “This rating, along with the items posted on the website and our annual audit, helps communicate to the public that McKinney ISD is a great steward of the funds we receive.”
Ratings are determined by an examination of a school district’s performance in 20 financial areas that include items such as fund balance, the annual financial report, student to teacher ratios and administrative cost ratios.
The Schools FIRST accountability rating system assigns one of four financial accountability ratings to Texas school districts, with the highest being “Superior Achievement,” followed by “Above-Standard Achievement,” “Standard Achievement” and “Substandard Achievement.” Districts with serious data quality problems may receive the additional rating of “Suspended – Data Quality.”
“We are very pleased with McKinney ISD’s Schools FIRST rating,” said McKinney ISD Superintendent Dr. J.D. Kennedy, “as it shows that our district is making the most of our taxpayers’ dollars. This rating shows that McKinney’s schools are accountable not only for student learning, but also for achieving these results cost-effectively and efficiently.”
Source: Schools FIRST
For additional information on McKinney ISD, contact Shane Mauldin, MISD Communications Coordinator, at 469-302-4007 or firstname.lastname@example.org.
About McKinney ISD
One of the fastest growing school districts in Texas, the McKinney Independent School District currently enrolls more than 24,750 students in 20 elementary schools, five middle schools, three high schools, four alternative schools and one early childhood education school. The mission of McKinney ISD, the champion for progressive learning throughout the diverse McKinney community, is to inspire and equip all students to explore, develop and express their unique potential as innovators, critical thinkers and collaborators through challenging, engaging and diverse learning experiences in vital partnership with the community. Visit the district's website at mckinneyisd.net.