September 20, 2019 - Midland ISD's Financial Services department has earned a perfect score for financial accountability from the Texas Education Agency (TEA). The TEA conducts the Financial Integrity Rating System of Texas (FIRST) each year, and MISD earned a perfect score of 100 and an "A" rating.
"This rating is a testament to the commitment of MISD's Finance Department to promote transparency and effective fiscal management of district," shared Superintendent Orlando Riddick. "Beginning in 2017, MISD has taken steps to build and maintain a strong financial position. We have adopted hybrid zero-based budgeting, taken advantage of opportunities to pay off debt early, and promoted financial transparency through public budget workshops.”
The score of 100 out of 100 is considered a "Superior Rating" and shows the District's continued improvement. Last year, the district also received an "A" rating, but with a score of 92.
The FIRST report grades each district in the state on its financial management and solvency. Districts are rated across 15 indicators addressing debt management, administrative costs, investments, student to staff ratio, and fund balance. FIRST is designed to help schools manage their resources and maximize funding for instruction.
Midland ISD is growing district of 26,000 students and 2,700 employees preparing students for college and career at 40 distinct campuses. MISD is a member of the nationwide System of Great Schools and a mentor district for the Texas Education Agency's Lone Star Governance model.