Melissa ISD earns high marks for finances
The Financial Integrity Rating System of Texas (FIRST) has given Melissa ISD a perfect score on its fiscal report for the third consecutive year. This is also the eighteenth straight year that the district has received a “superior” rating, the highest of four classifications.
The FIRST report measures the overall financial health of a school district. An external audit firm analyzes 15 different indicators to help determine the designation. The process was put in place by the Texas Education Agency to encourage school districts to better manage their financial recourses and provide the maximum allocation possible for instructional purposes.
Melissa ISD Chief Financial Officer Lance Rainey presents a super of the report during the Nov. 16 Board of Trustees meeting. Residents can see the full details of the report under the Busines Services section of the district website.
“We have a great administrative and business office team working purposely to achieve this status, Rainey said. “Our financial health puts us in the absolute best position possible for future bond program ratings and also helps us prepare for the upcoming legislative session, which we are hearing will have a financial impact on schools across the state of Texas over the next biennium.”
Superintendent Keith Murphy says he couldn’t be happier for the district’s administrative team. He says he a lot of confidence in Rainy and Assistant Superintendent Robert Rich. He says they have worked well together and instilled a great system and process. He also credits the veteran school board for working hard and fully understanding school finance.
“Our secret to success is to do the right things over and over again,” Murphy said. “We are blessed, and we try to use taxpayer dollars frugally.”