Charter FIRST Rating: Notice and Public Hearing

Charter FIRST is the Financial Integrity Rating System of Texas (FIRST), which is detailed in Texas Education Code 39.082. The purpose and goal of having a financial accountability rating system is to ensure that open enrollment charter schools continually strive to improve the management of their financial resources and provide transparency and openly report results to … Read More

Financial Compliance and Accountability

Because Texans trust charter officials to spend money wisely and efficiently, the state’s financial accountability systems for public charters provides a report that annually examines school funding and compliance issues to confirm that spending has been appropriate.  This report is referred to as Charter FIRST. Districts and charters must also have an outside auditor examine their financial records each … Read More

Audit Firm Selection and Qualifications

In today’s Tip, we are discussing Audit Firm Selection and Qualifications. Auditing is a process of reviewing a Charter’s financial records to decide if they are accurate and align with regulations, state laws and accounting standard. Audits are conducted by third-party external auditors that are CPA (Certified Public Accountants) or by an auditing firm. External … Read More

What is Charter FIRST and how is it calculated?

Charter FIRST is the Financial Integrity Ration System of Texas. The purpose of Charter FIRST is to: Hold charter schools accountable for the quality of their financial management practices Achieve improved performance in the management of their financial resources Encourage Texas public schools to manage their financial resources better Provide the maximum allocation for instructional … Read More

What is Charter FIRST and how is it calculated?

Charter FIRST is the Financial Integrity Ration System of Texas. The purpose of Charter FIRST is to: Hold charter schools accountable for the quality of their financial management practices Achieve improved performance in the management of their financial resources Encourage Texas public schools to manage their financial resources better Provide the maximum allocation for instructional … Read More

What Are the Requirements for the Charter FIRST Rating Hearing?

TEA released the FINAL 2016-17 FIRST accountability ratings on November 3rd. The release of final ratings starts the two-month clock for charters to announce and hold a public meeting to distribute a financial management report that explains the Charter’s FIRST rating and its performance under each indicator for the current and previous year’s ratings. The … Read More

What is Charter FIRST?

Charter FIRST is the Financial Integrity Rating System of Texas. Although Charter FIRST is calculated annually for TEA purposes, it is something that can be calculated and monitored as the school year continues.