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School FIRST PUBLIC HEARING. Proposed Financial Accountability Rating System SB 218 - 2001. School FIRST . F inancial I ntegrity R ating S ystem of T exas. Goal. To achieve improved performance in the management of school districts’ financial resources.
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School FIRST PUBLIC HEARING Proposed Financial Accountability Rating System SB 218 - 2001
School FIRST • Financial • Integrity • Rating • System of • Texas
Goal • To achieve improved performance in the management of school districts’ financial resources. • This report is for the 2004-05 fiscal year. • Fourth year of FIRST Reporting
21 Indicators • District must hold public hearing to discuss ratings • Improvement in financial management in many schools have been identified since the initiation of School First in 2003
Bastrop ISD Final Rating from TEA • SUPERIOR ACHIEVEMENT • BISD Indicators Answered No: 1
Key Indicators Bastrop ISD Results
Was the Total Fund Balance Greater Than Zero in the General Fund? Bastrop ISD General Fund Balance $15,170,928
Was the Percent of Total Tax Collections (Including Delinquent) Greater Than 96%? Bastrop ISD 100.1%
Were Debt Related Expenditures (Net of IFA and/or EDA Allotment) < $770 Per Student Bastrop ISD $662 Per Student
Calculation for Debt Related Per Student Expenditure $6,291,229 – 1,174,607 /7730 =$662
Was the Percent of Operating Expenditures Expended for Instruction More that 54% Bastrop ISD 53.48
Factors Relating to “No” Indicator • 21st Century Grant • Expenses related are primarily function 61 – (after school program) • Increased Transportation costs • Increase in campus support costs due to opening new elementary schools • School leadership, health services, etc.
Was the Administrative Cost Ratio Less Than the Standard in State Law? Acceptable .125 BASTROP ISD .0744
Was the Student/Teacher Ratio Within Acceptable Range According to District Size? Lower Limit 13.0 BASTROP 15.1 Upper Limit 22.0
Was the Student/Staff Ratio Within Acceptable Range According to District Size? Lower Limit 6.5 BASTROP 7.9 Upper Limit 14.0
Was the Total Fund Balance In the General Fund More than 50% and Less Than 150% of the Optimum? Minimum $ 6,656,044 BASTROP$15,546,672 Maximum $19,968,134
Were Investment Earnings In All Funds More Than $15 Per Student BASTROP ISD $75.39
For Additional InformationContact • Sandra Callahan, CFO scallahan@bastrop.isd.tenet.edu • Theresa Fierro, Accountant tfierro@bastrop.isd.tenet.edu 512-321-2292