MISD receives highest rating from state for financial integrity

November 4, 2020
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For the 18th straight year, Mansfield ISD has upheld excellence in financial accountability by earning the top grade in the School Financial Integrity Rating System of Texas (FIRST).

School FIRST was developed by the Texas Education Agency (TEA) to ensure public schools effectively manage their financial resources to provide the maximum allocation possible for direct instructional purposes.

MISD has earned a Superior or ‘A’ grade since the inception of the state’s financial accountability system, making it the 18th consecutive year the district has earned the top rating.

The FIRST ratings are calculated using 15 financial indicators, such as the accuracy of information, administrative cost expenditures, long-term solvency and any financial vulnerabilities or material weaknesses in internal controls as determined by an external auditor.

Mansfield ISD passed all 15 indicators measured.

Texas school districts and open-enrollment charters are required to prepare an annual financial accountability report for School FIRST. Ratings released in 2020 were based on budgetary and financial data reported for the 2018-19 fiscal year.

Learn more about the rating system here.

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Mansfield, Texas, is a booming city, nestled between Fort Worth and Dallas, but with a personality all its own. The city’s 76,247 citizens enjoy an award-winning school district, vibrant economy, historic downtown, prize-winning park system and community focus spread across 37 square miles. The Mansfield Record is dedicated to reporting city and school news, community happenings, police and fire news, business, food and restaurants, parks and recreation, library, historical archives and special events. The city’s only online newspaper launched in September 2020 and will offer introductory advertising rates for the first three months at three different rates.

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