Madisonville CISD received a rating of “Super Achievement” under the state’s new Schools FIRST financial accountability system.
The rating is the highest possible in Texas and demonstrates the quality of the district’s financial management and reporting system.
“Our first priority will always be our students and staff followed closely by our obligation to be good stewards of the funds we have been given,” said Madisonville CISD Superintendent Keith Smith. “This is especially true now that our state continues to add unfunded mandates each year.”
The primary goal of the rating system is to achieve quality performance in the management of school districts’ financial resources. This goal has been made more significant due to the complexity of accounting associated with the state’s school finance system.
“This is a tool to keep us on our toes in the business department,” said Madisonville CISD Business Services Manager Scott Singletary. “It’s a way to let the state know whether or not you’re doing these sort of things productively and correctly. A lot of districts struggle with this, so I think it reflects strongly on Madisonville CISD and how strong we are in this area.”
The Schools FIRST accountability rating system assigns one of four financial accountability ratings to Texas school districts, with the highest being “Superior Achievement,” followed by “Above-Standard Achievement,” “Standard Achievement” and “Substandard Achievement.” Districts with serious data quality problems may receive the additional rating of “Suspended-Data Quality.” Districts that receive the “Substandard Achievement” or “Suspended-Data Quality” ratings under Schools FIRST must file a corrective action plan with the Texas Education Agency. The School’s FIRST Report will be reviewed publically by School Trustees on Monday Nov. 13, 2017 at 5:30 p.m. in the MCISD Board Room.