Little Elm ISD Earns "A" Superior for Financial Accountability for 5th Consecutive Year
November 16, 2020
For the fifth consecutive year, Little Elm ISD earned a superior “A” letter grade from the state for its financial accountability rating. The District has earned top rating for the last 14 years.
The state's school financial accountability rating system, known as the School Financial Integrity Rating System of Texas (FIRST), was created to ensure that Texas public schools are held accountable for the quality of their financial management practices and that they improve those practices.
The FIRST rating is calculated using 15 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.
Little Elm ISD passed on all 15 indicators. Ratings for the 2019-2020 are based on annual reports provided to TEA for the 2018-2019 fiscal year.