Charter FIRST Ratings 2018-2019
charter school’s preliminary 2018–2019 Charter Financial Integrity Rating
System of Texas (FIRST) rating is now available online. To access your charter
school’s Charter FIRST rating:
the Texas Education Agency (TEA) website: http://tea.texas.gov/;
the Finance and Grants webpage tab link: http://tea.texas.gov/Finance_and_Grants/;
the Financial Accountability link;
the Charter FIRST link; and
the 2011—2012 and newer Charter School - Financial Accountability (Select Year
from Dropdown) Ratings link.
Charter FIRST Rating
charter school’s rating is based on an analysis of the charter school’s
financial data for fiscal year 2018 (the fiscal period ended June 30, 2018, or
August 31, 2018, depending on the ending date of your charter school’s fiscal
year). We determined your charter school’s rating using the financial
indicators specified in 19 Texas Administrative
Code (TAC) §109.1001(f).
carefully review your charter school’s preliminary Charter FIRST rating and the
data associated with each of the 15 indicators.
your charter school wishes to appeal an adverse issue it identifies in the
preliminary rating, your charter school may submit a written appeal with
supporting evidence to the TEA Financial Compliance Division. For the appeal to
be considered, we must receive it by
September 9, 2019. Send any appeal to the following address:
Texas Education Agency
Financial Compliance Division
1701 North Congress Avenue
Austin, TX 78701
Please see 19 TAC §109.1001(n) for the rules
regarding the filing of an appeal. As stated in that section, we will consider
only an appeal that would result in a change to your charter school’s rating. If no appeal is submitted by your charter
school, the preliminary rating becomes final on the 31st day after
the preliminary ratings are released (September 10, 2019).
FIRST Rating and Required Reporting
will issue final ratings to charter schools after we have reviewed any submitted
appeals. Final 2018–2019 Charter FIRST ratings are anticipated to be released
in October 2019.
two months of the release of its final Charter FIRST rating, your charter
school must announce and hold a public meeting to distribute a financial
management report that explains the charter school’s rating and its performance
under each indicator for the current and previous year’s ratings. The report
also must provide the financial information described in 19 TAC §109.1001(q)(3). We encourage your charter school to include in the report
additional information that will be beneficial to stakeholders, especially
information explaining any special circumstances that may have affected the
charter school’s performance under one or more of the indicators.
required newspaper notice to inform taxpayers of the meeting must be published
no more than 30 days and no fewer than 10 days before the public meeting. Your
charter school may combine the meeting with a scheduled regular meeting of your
charter school’s governing board.
full requirements related to the report and meeting, see 19 TAC §109.1001(q).
For a template that your charter school can use in developing its financial
management report, see the TEA Charter FIRST
note that the TEA considers a charter school’s Charter FIRST rating when
assigning an accreditation status, as required by the accreditation status
rules in 19 TAC §97.1055.
you have questions about your charter school’s Charter FIRST rating, please
contact Rita Bunton at (512) 936-3712 or by email at Rita.Bunton@tea.texas.gov.