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Newcastle ISD Earns State’s Highest Fiscal Accountability Rating

October 15, 2015

Newcastle ISD Earns State’s Highest Fiscal Accountability Rating

 

The Newcastle Independent School District officials announced that the district received a rating of “P” for “Passed” under Texas’ Schools FIRST financial accountability rating system. The “Passed” rating is the state’s highest, demonstrating the quality of Newcastle ISD’s financial management and reporting system.

 

This is the 13th year of Schools FIRST (Financial Accountability Rating System of Texas), a financial accountability system for Texas school districts developed by the Texas Education Agency in response to Senate Bill 875 of the 76th Texas Legislature in 1999. Major changes to the School FIRST system were implemented by the Texas Education Agency in August of 2015 that combined financial indicators with financial solvency indicators, in accordance with House Bill 5, 83rd Texas Legislature, Regular Session, 2013. 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 system.

 

“We are very pleased with Newcastle ISD’s Schools FIRST rating,” said Newcastle ISD Superintendent Ty Spitzer. This rating shows that our district is making the most of our taxpayers’ dollars. This rating shows that Newcastle school is accountable not only for student learning, but also for achieving these results cost-effectively and efficiently.”

 

The Texas Education Agency converted Schools FIRST to a two-tier rating system of either “P” for “Pass” or “F” for “Substandard Achievement” for the 2014-2015 rating year. Prior to the 2014-2015 rating year, the Schools FIRST accountability rating system assigned 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.” Newcastle ISD achieved the rating of Superior Achievement for the 2013-2014 rating year.

 

For further information, contact: Ty Spitzer (940)846-3531

 
 
 

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