Waxahachie Independent School District officials announced Monday 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 the Waxahachie ISD’s financial management and reporting system. The 2010-2011 school year marks the ninth year the district has received the superior rating.

Schools FIRST (Financial Integrity Rating System of Texas) is 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 the rating system is to achieve quality performance in the management of school districts’ financial resources. The accountability system was enacted in 2003.

“We are pleased that our district has continued to receive a superior financial rating,” said Teresa Thomas, WISD assistant superintendent for finance. “We will continue to strive for financial excellence while maintaining a superior educational system in an effort to better serve our tax payers.”

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 who possess serious data quality problems may receive the additional rating of “Suspended – Data Quality.” Districts receiving the “Substandard Achievement” or “Suspended – Data Quality” ratings under Schools FIRST are required to file a corrective action plan with the Texas Education Agency.

Waxahachie ISD will hold a public hearing on the Financial Integrity Rating System of Texas at 7:30 p.m. Monday, Oct. 10, at 411 N. Gibson St. All are welcome to attend.