Bonham ISD earns highest rating for financial accountability

Bonham Texas 

Bonham Independent School District officials announced

that the district received a rating of "Superior Achievement" under Texas' Schools FIRST financial accountability rating system. The Superior Achievement rating is the state's highest, demonstrating the quality of Bonham ISD's financial management and reporting system.

This is the 12th 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. 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 the Texas school finance system.

"We are very pleased with Bonham ISD's Schools FIRST rating," said Bonham ISD Superintendent Dr. Marvin Beaty, "as it shows that our district is making the most of our taxpayers' dollars. The rating shows that Bonham's schools are accountable not only for student learning but also for achieving these results cost-effectively and efficiently."

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 School FIRST must file a corrective action plan with the Texas Education Agency.