Pasadena ISD Finance Team Makes History With Perfect Score

Pasadena IS:

November 20, 2020

The Pasadena ISD Finance Department has earned a perfect score of 100 by the School Financial Integrity Rating System of Texas (FIRST) for the first time in Pasadena ISD history.

FIRST ratings are based on 14 financial indicators, such as administrative cost expenditures, the accuracy of a district’s financial reporting and any financial vulnerabilities or material weaknesses as determined by an external auditor.

Once the information has been submitted, districts are assigned a grade of A-F. Pasadena ISD excelled on all 14 financial indicators, resulting in a perfect score and an “A” rating for “Superior Achievement.”

“I am extremely proud of our Finance Department for all their work and dedication to excellence,” said Dr. DeeAnn Powell, Pasadena ISD superintendent of schools. “We have an outstanding team who works extremely hard each and every day for our school district.”

The finance team also earned a Certificate of Achievement for Excellence in Financial Reporting from the Government Finance Officers Association (GFOA) for their Comprehensive Annual Financial Report (CAFR). This is the highest form of recognition in governmental accounting and financial reporting that an organization can receive.

The CAFR is an annual TEA requirement that is judged by a team of GFOA panelists who annually review the report to ensure that districts are practicing financial transparency and meeting the expectations of the GFOA program.

This marks the sixth consecutive year that Pasadena ISD has received this recognition.

Both recognitions were awarded based on financial reporting and governmental accounting for the fiscal year ending on August 31, 2019.

1515 Cherrybrook Lane, Pasadena, Texas 77502 | Phone 713-740-0000

Pasadena Independent School District

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This press release was produced by the Pasadena ISD. The views expressed here are the author’s own.