CHISD Recognized for Financial Reporting & Transparency
Cedar Hill ISD officials announced the district received a Superior Achievement rating under Schools FIRST, Texas’ school financial accountability rating system. This rating is the state’s highest, demonstrating the quality of CHISD’s financial management and reporting practices.
The Schools FIRST (Financial Accountability Rating System of Texas) system includes 15 indicators to determine a school district’s overall rating, including making timely payments and having a healthy assets-to-current-liabilities ratio. Additionally, the rating system assigns one of four financial accountability ratings to all state school districts, with the highest being Superior Achievement.
“This recognition is a representation of our dedication, transparency, and excellence in financial reporting,” said Superintendent Dr. Gerald B. Hudson. “CHISD has a responsibility to its students and community to be outstanding stewards of our taxpayer dollars. We are proud of our finance team and Chief Financial Officer Gilberto Prado in helping us achieve this impressive designation.”
The system was developed by the Texas Education Agency in response to Senate Bill 875 of the 76th Texas Legislature in 1999. The primary goal of Schools FIRST is to achieve quality performance in the management of school districts’ financial resources, a goal made more significant due to the complexity of accounting associated with Texas school finance.
For a look at the CHISD financial reports, visit chisd.net/business.