Jasper Independent School District

Jasper Independent School District

Financial Integrity Rating System of Texas

2020 Public HearingDecember 14, 2020

• Originated by SB218 of the 77th Texas Legislature in 2001.• Amended in 2007, 2009, 2011 and 2015

• Expands the public education accountability system in Texas to include Financial Services.

• Primary goal to improve management of school district’s financial resources.


• Assess the quality of financial management in Texas public schools.

• Fairly evaluate the quality of financial management decisions.

• Increase transparency within public schools by openly reporting the results to the generalpublic.


Scores based on summation of points on 15 indicators (Maximum of 100 points)

A = SuperiorB = Above Standard C = Meets Standard

F = Substandard Achievement

90‐10080‐8960‐79<60

No points awarded on questions 1‐5Yes (Pass) or No (Fail)


Passing Score on Indicators 1-5.

Scored 98 Points out of the Maximum 100 Points on Indicators 6-15.


“A = Superior”

Highest Level Available!Based on FY 2019 data

(2018-19 school year)

JASPER ISD RECEIVED...

STATEWIDE RESULTS


Passed 1,011

Failed 9

Total 1,020

RATINGS COUNTA = Superior 898B = Above Standard 81C = Meets Standard 32F = Substandard Achievement 9

Data Sources

• Annual Financial Report (AFR) filed with TEA

• Public Education Information Management System (PEIMS) Data


CRITICAL INDICATORS#1-5 PASS/FAIL

SOLVENCY INDICATORS#6-12 10 points each

FINANCIAL COMPETENCE INDICATORS#13-15 10 points each


1. Was the complete annual financial report (AFR) anddata submitted to the TEA within 30 days of theNovember 27 or January 28 deadline depending on theschool district’s fiscal year end date of June 30 orAugust 31, respectively?

YES Was the Annual Financial Report filed by the deadline?Due Date = 1/28/2020Date Submitted = 12/30/2019


2.A. Was there an unmodified opinion in the AFR onthe financial statements as a whole? (TheAmerican Institute of Certified Public Accountants(AICPA) defines unmodified opinion. The externalindependent auditor determines if there was anunmodified opinion.)

YES Indicator will be considered PASS if the District received a “clean audit” (unmodified opinion)


2.B. Did the external independent auditor report thatthe AFR was free of any instance(s) of materialweaknesses in internal controls over financialreporting and compliance for local, state, orfederal funds? (The AICPA defines materialweakness.)

YES Indicator will be considered PASS if the District received audit report that states the District has no material weaknesses in internal controls.


3. Was the school district in compliance with thepayment terms of all debt agreements at fiscal yearend?

YES

This indicator will be considered PASS if there were no disclosures in the AFR and/or other sources of information concerning default on bonded indebtedness obligations. Thedistrict was able to make all bond payments.


4. Did the school district make timely payments to theTeacher Retirement System (TRS), Texas WorkforceCommission (TWC), Internal Revenue Service (IRS),and other government agencies?

YES This indicator seeks to make sure the District fulfilled its obligation to these agencies to transfer payroll withholdings and to fulfill any additional payroll‐related obligations required to be paid by the District.


5. This indicator was regarding whether or not a district had a positive unrestricted net position balance.

The indicator was not scored or considered as a factor for the 2020 FIRST ratings.


6. Was the number of days of cash on hand and current investments in the general fund for the school district sufficient to cover operating expenditures (excluding facilities acquisition and construction)?

Yes – 10 points District164 Days

State Standard 90 Days

This indicator measures how long in days after the end of the fiscal year the District could have disbursed funds for its operating expenditures without receiving any new revenues.


7. Was the measure of current assets to current liabilitiesratio for the school district sufficient to cover short-termdebt?

Yes – 10 points District 5.19

State Standard3.00

This indicator measures whether the school district had sufficient short-term assets to pay off its short-term liabilities.


8. Was the ratio of long-term liabilities to total assets for the school district sufficient to support long-term solvency?

Yes – 10 points District 0.18

State Standard0.60

This indicator measures whether the school district had sufficient total assets to cover its long-term liabilities. If district ratio is less than the state standard, then district is awarded maximum points.


9. Did the school district’s general fund revenues equal orexceed expenditures (excluding facilities acquisition andconstruction)? If not, was the school district’s number ofdays of cash on hand greater than or equal 60 days?

Yes – 10 points

This indicator simply asks “did you spend more than you earned?” Secondarily, is days of cash on hand > = to 60 days?

Ratio of .085> = 0# days of Cash on hand 164 >= 60


10. Was the debt service coverage ratio sufficient to meet the required debt service?

Yes – 10 points District2.93

State Standard1.20

This indicator measures whether the school district has the ability to make debt principal and interest payments that will come due during the year.


11. Was the school district’s administrative cost ratio equal to or less than the threshold ratio?

This indicator measures the percentage of the budget the District spent on administration versus State ranges.

Yes – 8 points District State Standard(>0.11510 <14.01) 0.1256 < 0.1151 (10 pts)


ADA Range 1,000-4,999District ADA 2,220.047

12. Did the school district not have a 15 percent decline inthe students to staff ratio over 3 years (total enrollmentto total staff)? (If the student enrollment did notdecrease, the school district will automatically pass thisindicator.)

Yes – 10 points 2018‐19 Enrollment 2444Staff FTE 388.4538

2016‐17 Enrollment 2464Staff FTE 388.0028

District

-0.0093Financial Integrity Rating

System of Texas

Threshold (3 yr change)-0.15

13. Did the comparison of the PEIMS data to likeinformation in the school district’s AFR result in atotal variance of less than 3 percent of allexpenditures by function?

Yes – 10 points

Sum of Differences Total Entries

1722,351,642

0.03% < 3.00%

This indicator measures the quality ofthe data reported to PEIMS and in theDistrict’s AFR to make certain the data“matches up”.


14. Did the external independent auditor indicate the AFR was free of any instance(s) of material

laws (The

noncompliance for grants, contracts, andrelated to local, state, or federal funds?AICPA defines material noncompliance)

Yes – 10 points


15. Did the school district not receive an adjustedrepayment schedule for more than one fiscal yearfor an over allocation of Foundation SchoolProgram (FSP) funds as a result of a financialhardship?

Yes – 10 points

This indicator asks if the district had to ask for an easy payment plan to return monies to TEA after spending the overpayment from the Foundation School Program state aid. Financial Integrity Rating

System of Texas

Under Texas Administrative Code, Title 19, Part 2, Chapter 109, Subchapter AA, Rule 109.1005, in conjunction with the FIRST report, the District is required to provide information regarding:

• Superintendent Contract• Expenditures paid to/on behalf of Supt and

Board Members• Outside Compensation Received by Supt • Gifts of $250 value received by Supt and/or

Board Members• Business Transactions between School

District and Board Members

Superintendent’s Contract

The Superintendent’s contract is posted on the JISD website in lieu of publication in the annual financial report as required under Texas Administrative Code, Title 19, Part 2, Chapter 109, Subchapter AA, Rule 109.1005(b)(2)(A). www.jasperisd.net/Departments/BusinessServices/Public Information

https://www.jasperisd.net/Page/1436

https://www.jasperisd.net/Page/1436

Reimbursements Received by Superintendent and Board Members For the Twelve Month Period Ended August 31, 2019

Dr. Gerald Dr. Van Mark Lequin TomHudson Cammack Durand Hilderbrand Webb

Meals $79.82 $117.14Lodging $7,421.08 $662.67 $815.01 $1,450.80Transportation $6,846.26 $264.00 $820.98Motor FuelOther $4,810.00 $375.00 $395.00 $375.00 $800.00Total $19,157.16 $375.00 $1,321.67 $1,190.01 $3,188.92

Description of Reimbursements

Reimbursements Received by Superintendent and Board Members For the Twelve Month Period Ended August 31, 2019

Dr. Steve Vickie Stephanie Steven Betty Hyden Stewart Granger Martinez Powers

Meals $107.96 $10.58Lodging $1,450.80 Transportation $75.78 $396.00Motor Fuel Other $800.00 $580.00Total $0.00 $0.00 $0.00 $2,434.54 $986.58

Description of Reimbursements

Outside Compensation and/or Fees Received by Superintendent for Professional Consulting and/or Personal Services for 12 Month Period Ending August 31, 2019

Superintendent: Dr. Gerald B. HudsonAmount Received: none reported

Superintendent: Dr. Steve HydenAmount Received: none reported

Gifts Received by Superintendent and Board Members (and First Degree Relatives, if any) that had an economic value of $250 or more in aggregate for the fiscal year ending August 31, 2019 from an outside entity that received any payments from the district or from a competing vendor who was not awarded a contract in the prior fiscal year.

Total $ $ $ $ $

Total $ $ $ $ $

Mark Durand

Lequin Hilderbrand

StephanieGranger

Dr. SteveHyden

Vickie Stewart

Steven Martinez

TomWebb

BettyPowers

Dr. Gerald Hudson

Dr. Van Cammack

Business Transactions Between School District and Board Members for the 12 Month Period Ending August 31, 2019.

$ $ $ $

6,966.06$ $ $ $

Lequin Hilderbrand

StephanieGranger

Vickie Stewart

Steven Martinez

TomWebb

BettyPowers

Dr. Van Cammack

Mark Durand

Summary

Jasper ISD has received the HIGHEST Rating for 16 out of the 18 years that the Schools FIRST report has been in effect.

2011 Report Above Standard Achievement2010 Report Above Standard Achievement

Based on 08-09 and 09-10 school year

Questions?

Comments?

This concludes the Public Hearing for the 2020 Schools FIRST Report.

Jasper Independent School District

Documents

Transcript of Jasper Independent School District