FIRST: Wylie ISD Receives Another A for Financial Accountability

Wylie ISD has received a preliminary A from the Texas Education Agency on School Financial Integrity Rating System of Texas (FIRST) for the 2023-2024 school year. School FIRST reports public school district financial accountability ratings.

Since TEA began rating the financial management of districts over 20 years ago, during the 2002-03 school year, Wylie ISD has achieved an A every year -- the highest rating possible!

“This year’s rating highlights our continued excellence in managing taxpayer funds and our dedication to financial integrity and transparency,” Wylie ISD Superintendent Dr. David Vinson said.

A school district’s rating is based on an analysis of the district’s financial data for fiscal year 2023. TEA determines a district’s rating using various performance metrics related to financial management called financial indicators.

"This accomplishment further underscores why Wylie ISD is a top choice for students, staff, and the community," Assistant Superintendent for Finance & Operations Scott Roderick said.

These indicator ratings tell how well a district is doing financially, and where the district should focus efforts for improvement. Out of a possible 100, Wylie ISD received a 98, up two points from the previous year.

In addition to a rating for each indicator, districts receive an overall "passed" or "failed" rating. Ratings are based on analysis of staff and student data for the school year, and on budgetary and actual financial data for the fiscal year. Two measurement vehicles, the Annual Financial Report (AFR) and the Public Education Information Management System (PEIMS), supply School FIRST with most of the measurement data from which the ratings are calculated.

If you have questions about a district’s School FIRST rating, please contact the TEA's School Financial Audits division at (512) 463-9095 or schoolaudits@tea.state.tx.us.

TEA anticipates the release of final FIRST ratings in November 2024.