The Lindale Independent School District has received “Superior Achievement” by the Texas Education Agency for the 13th consecutive year, publicity officials announced.
The state’s school financial accountability rating system, known as the School Financial Integrity Rating System of Texas, is administered by the TEA.
The TEA will base the financial accountability rating of a school district on its overall performance on the financial measurements, ratios, and other indicators. The system provides additional transparency to public education finance and meaningful financial oversight and improvement for school districts.
“We are very proud to have earned the highest possible rating in the FIRST rating system,” said Lindale ISD Superintendent, Stan Surratt. “This is just a testament of the great work and conservative nature of the Board of Trustees, the Finance Department, and the entire staff. Chief Financial Officer, Michelle Tate, CPA deserves much credit for this great honor. We appreciate Ms. Tate’s leadership and the extra effort of all employees across the district to keep our district financially sound. The Lindale community should be very proud of this great rating.”
Lindale ISD received the maximum points for all indicators for a perfect score of 100 and a Superior Rating.
There are 20 indicators to provide transparency and financial soundness by focusing on solvency, financial competence, and critical indicators. Indicators 1-5 are a yes or no answer. Any no answer is an automatic rating of F for “Substandard Achievement.” Indicators 6-20 determine rating by applicable number of points. For example, A (90-100) = Superior. Lindale ISD received the maximum points for all indicators for a perfect score of 100 and a Superior Rating.