Round Rock ISD earned a Superior Rating on the Financial Integrity Rating System of Texas (FIRST) for the 2021-2022 school year. The FIRST results were announced by the state in early August.
The District’s finance team has won the state’s highest possible rating of A, or Superior, for 18 of the past 19 years.
“Once again, we have confirmation that Round Rock ISD’s finance team is truly among the best of the best,” Superintendent Dr. Hafedh Azaeiz said. “Led by our Chief Financial Officer, Dennis Covington, the entire team has earned an exemplary reputation across the state and nation for strong fiscal management. I see firsthand the care and dedication each member of the team shares as they work tirelessly to meet the needs of our students and staff. I am so proud to see their efforts recognized again and again.”
The FIRST rating system takes into consideration District scores on 15 indicators. Assessment areas include audit and governance disclosures; cash and investments; tax collections; fund balance; debt management; administrative costs; capital projects; and staff levels.
Round Rock ISD has a long-standing reputation for superior financial performance. In addition to a Superior Rating on FIRST, Round Rock ISD also has maintained a AAA rating from Moody’s for the past 12 years. And earlier this summer, the Government Finance Officers Association of the United States and Canada (GFOA) awarded the District the Certificate of Achievement for Excellence in Financial Reporting. The Certificate of Achievement is the highest form of recognition in governmental accounting and financial reporting, according to the GFOA.
