Public hearing set for state financial rating

Longview ISD will hold a public meeting 6 p.m. Monday, Dec. 13 in the boardroom of the district administration building to discuss the state’s financial accountability rating.

Public hearing set for state financial rating

Tue Nov 9, 2021

Longview ISD will hold a public meeting 6 p.m. Monday, Dec. 13 in the boardroom of the district administration building to discuss the state’s financial accountability rating.

With a score of 96, Longview ISD received an "A" on its financial rating, among the highest in the East Texas region.

The Financial Integrity Rating System of Texas (FIRST) was created by the Legislature in 2001 and was designed to encourage public schools to better manage their financial resources to provide the maximum allocation possible for direct instructional purposes.

Since the creation of the program, Longview ISD has received a superior rating almost every single year.

The rating system scores school districts on 15 financial indicators, such as administrative cost expenditures, the accuracy of a district's financial information submitted to the Texas Education Agency, and any financial vulnerabilities or material weaknesses in internal controls as determined by an external auditor.

School districts are given a numeric grade for the indictors. The numeric grades, when totaled, correspond to a letter grade of A, B, C, or F. The letter grades correspond to the ratings "superior," "above standard achievement," "meets standard" or "substandard achievement."

Longview ISD trustees usually meet in the boardroom of the district administration building at 1301 E. Young Street, but often set special-called meetings at various locations around the district.

For more information about the Longview ISD Board of Trustees please click here.