Frisco ISD has earned an “A” rating in the state’s assessment of school districts’ financial management practices.
The Financial Integrity Rating System of Texas (FIRST) report aims to achieve quality performance in the management of school districts’ financial resources.
Frisco ISD received a Superior rating of 100 out of 100 points for its 2024-25 rating, which is based on 2023-24 data. About 85% of Texas school districts received an “A” rating.
FIRST issues its ratings based on 21 indicators that demonstrate the quality of the district’s financial management and reporting system.
Receiving an “A” in the FIRST report is just one of many examples of Frisco ISD’s fiscal responsibility. In September, the District announced a record bond refinancing that saved taxpayers $93.5 million in interest costs. The Board also approved a balanced budget this summer for 2025-26, after three years of deficit budgets. That’s in addition to:
Reporting awards:
GFOA Certificate of Achievement for Excellence in Financial Reporting
GFOA Award for Outstanding Achievement in Popular Annual Financial Reporting
ASBO Certificate of Excellence in Financial Reporting
GFOA Distinguished Budget Presentation Award
Credit ratings:
Moody’s - Aa1 Underlying/Aaa Enhanced
Standard & Poor’s - AA+ Underlying/AAA Enhanced
Comptroller’s Transparency Stars:
Traditional Finances
Debt
Contracts & Procurement
Open Government
Other awards:
The District presented the FIRST rating at its October Board meeting.