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Your charter school’s preliminary 2021–2022 Charter Financial Integrity Rating System of Texas (FIRST) rating is now available online. To access your charter school’s Charter FIRST rating:ÌýÌý

• access the Ë¿¹ÏÊÓƵ (TEA) website by using this linkÌý/;Ìý
• click the Finance and Grants webpage tab linkÌý/finance-and-grants;Ìý
• click the Financial Compliance linkÌý/finance-and-grants/financial-compliance;Ìý
• click theÌýFinancial Integrity Rating System of TexasÌýlink;Ìý
• click the Charter FIRST Ratings link forÌýOpen-Enrollment Charter Schools and Charter Schools Operated by a Public Institution of Higher Education; andÌýÌý
• click the 2011—2012 and newer Charter School - Financial Accountability (Select Year from Dropdown) Ratings link.ÌýÌý

Basis for Charter FIRST RatingÌýÌý

Your charter school’s rating is based on an analysis of the charter school’s financial data for fiscal year 2021 (the fiscal period ended June 30, 2021, or August 31, 2021, depending on the ending date of your charter school’s fiscal year). We determined your charter school’s rating using the financial indicators specified inÌýÌýorÌý, depending upon the type of charter school operated.ÌýÌý

Please carefully review your charter school’s preliminary Charter FIRST rating and the data associated with each of the indicators.ÌýÌý

Opportunity for AppealÌýÌý

If your charter school wishes to appeal an adverse issue it identifies in the preliminary rating, your charter school may submit a written appeal with supporting evidence to the TEA Financial Compliance Division. For the appeal to be considered, we must receive it by September 6, 2022. Send your appeal and supporting documentation to the following email address:ÌýFinancialAccountability@tea.texas.gov.Ìý

Please note, all appeal requests, including supporting documentation, must be submitted through email toÌýFinancialAccountability@tea.texas.govÌýon or before September 6, 2022. Appeals and supporting documentation that are not submitted to the Financial Accountability email address by the required deadline will not be considered or processed.Ìý

Please seeÌýÌýfor the rules regarding the filing of an appeal. As stated in that section, we will consider only an appeal that would result in a change to your charter school’s rating. If no appeal is submitted by your charter school, your charter school's preliminary rating becomes final on the 31st day after the preliminary ratings are released (September 7, 2022).ÌýÌý

Final Charter FIRST Rating and Required ReportingÌý

We will issue final ratings to charter schools after we have reviewed any submitted appeals. Final 2021–2022 Charter FIRST ratings are anticipated to be released in November 2022.Ìý Ìý

Within two months of the release of your charter school's final Charter FIRST rating, your charter school must announce and hold a public meeting to distribute a financial management report that explains the charter school’s rating and its performance under each indicator for the current and previous year’s ratings.Ìý

The report also must provide the financial information described inÌý. We encourage your charter school to include in the report additional information that will be beneficial to stakeholders, especially information explaining any special circumstances that may have affected the charter school’s performance under one or more of the indicators.ÌýÌý

The required newspaper notice, to inform taxpayers of the meeting, must be published no more than 30 days and no fewer than 10 days before the public meeting. Your charter school may combine the meeting with a scheduled regular meeting of your charter school’s governing board.ÌýÌý

For full requirements related to the report and meeting, seeÌý. For a template that your charter school can use in developing its financial management report, see the TEAÌýCharter FIRSTÌýweb page.ÌýÌý

To access additional rules concerning financial accountability ratings, please seeÌý.Ìý

Accreditation StatusÌýÌý

Please note that the TEA considers a charter school’s Charter FIRST rating when assigning an accreditation status, as required by the accreditation status rules inÌý.ÌýÌý

Contact for Further InformationÌýÌý

If you have questions about your charter school’s Charter FIRST rating, please contact Roger Seemion at (512) 463-3712 or by email atÌýRoger.Seemion@tea.texas.gov.

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