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BISD Receives Fifth Consecutive Superior TEA Rating for Financial Management

Beaumont taxpayers can take comfort in knowing their dollars are being used responsibly by their school district. The Texas Education Agency released final accountability ratings for Texas public school systems on November 6, 2023. For a fifth straight year, BISD received an “A” or Superior Achievement rating for 2022-2023, exemplifying high-quality financial management practices.

BISD Chief Financial Officer Cheryl Hernandez says the District has made great strides to become fiscally responsible. “We have hired a lot of really good people,” she explained. “They work really hard for Beaumont ISD. We have an excellent board, a fabulous Superintendent, and we’re always looking for opportunities and ways to save money, as well as being able to implement more programs for our students.”

Established in 2001 by the 77th Texas Legislature, the School Financial Integrity Rating System of Texas (FIRST) encourages school systems to improve financial resources to provide the maximum allocation possible for direct instructional purposes. Ratings for 2022-2023 are based on annual financial reports provided to TEA by school systems for the 2022 fiscal year. These reports are subsequently reviewed by the agency and a rating is assigned. 

BISD Comptroller Stacey Fitch added that the concerns of the District’s finance department go beyond just that of money. Fitch said, “We care a lot about the District, we care a lot about our kids, we care a lot about our teachers and our staff, and I feel like our business office, all our employees that work day in and day out, they all care about the results, not only financially, but how the kids are succeeding and excelling in school.”

School systems are assigned one of four possible letter grades (A, B, C, or F) under financial accountability ratings, as well as a coinciding financial management rating (Superior Achievement, Above Standard Achievement, Meets Standard Achievement, or Substandard Achievement). 

All Texas public school systems are required to share their financial accountability ratings with parents and taxpayers and host a public discussion or hearing regarding their financial report. To review the final 2022-2023 FIRST ratings for all school systems (plus view final FIRST ratings from previous years), visit the TEA School FIRST web page for school districts or Charter FIRST web page for charter schools.