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The Texas Education Agency awarded a financial accountability rating of "superior" to Lewisville ISD for the 2023-24 school year, according to a report from Chief Financial Officer Scott Wrehe at a Nov. 10 board meeting.
In a nutshell: Lewisville ISD scored a 98 out of 100 points, earning a “superior achievement,” Wrehe said. The TEA’s Financial Accountability Rating System of Texas, or FIRST, rates school districts on several financial factors, including debt payment, financial reporting and solvency, according to the TEA’s website.
“The district received an A rating, which is a superior achievement,” Wrehe said.
The details: LISD lost two points in long-term solvency, due to taking on debt from bond sales, Wrehe said. While the bond sales caused the district to lose points in long term solvency, the bond sales earned the district more points than last year in short-term solvency. LISD earned 10 points in short-term solvency, four points higher than the previous report’s six points.
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