Crosby ISD to hold public hearing on state financial rating
Crosby ISD officials will hold a public hearing at 7 p.m. on Monday to discuss the district’s state financial rating of a “C,” or also noted as standard achievement.
The school’s financial rating for 2017-18 is based on the 2016-17 school year, which precedes the district’s financial crisis that has caused Crosby ISD to lay off more than 100 people.
The district received this grade under the Texas Schools FIRST financial accountability rating system, which measures the district’s financial management and reporting system.
Preliminary ratings are released by the Texas Education Agency every calendar year during the summer.
Some questions that were asked to the district include if there was a measure of current assets to current liabilities ratio for the school district sufficient to cover short-term debt.
The school received a score of 2 out of a possible 10 points for that question.
This question measures whether the school district had sufficient short-term assets at the end of the fiscal year to pay off its short-term liabilities. Districts need to either meet or exceed the target amount in Schools FIRST.
The school board will also recognize Board Secretatry Carla Windfont for being selected by Lifetouch School Photography to travel to Puerto Rico for a week in January to help rebuild a school destroyed by Hurricane Maria.