Written by Phil Cerroni
By Amanda Casanova
The Coppell Independent School District earned a perfect score from the state’s Financial Integrity Rating System of Texas, which measures school district’s management of finances.
This was the 10th year that the district has received a “superior” rating from the state, staff announced at a school board trustee meeting on Sep. 24.
“We are pleased with these ratings and will strive to continue to improve the financial
operations of the district,” superintendent Jeff Turner said.
Using 20 indicators that analyzed the district’s budget, debt and investment for the 2010-2011 school year, FIRST is meant to help districts better manage their resources – especially amid budget cuts from the state.
Of a maximum of 70 points, the school district earned a perfect score.
The rating system measured fiscal management and looked at districts’ fund balance, tax collection rates, expenses, academic rating and student-to-teacher ratios.
Districts can earn one of four possible ratings — superior achievement, above standard achievement, standard achievement and substandard achievement. The 77th Legislature enacted the rating system in 2001.