Waxahachie ISD officials announced Tuesday that the district received a rating of superior achievement under the Schools Financial Integrity Rating System of Texas 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 2006-2007 school year marks the fourth year the district has received the superior rating.

Schools FIRST is a financial accountability system for 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 chief financial officer. “We will continue to strive for financial excellence in an effort to better serve our taxpayers.”

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 its Schools FIRST rating at 7:30 p.m. Monday, Oct. 8, at 411 N. Gibson St.