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The purpose of the financial accountability rating system for charter schools,Ìýknown as Charter Financial Integrity RatingÌýSystem of Texas (FIRST),Ìýis to ensure that open-enrollment charter schools and charter schools operated by a public institution of higher education (IHE)Ìýare held accountable for the quality of their financial management practices and that theyÌýimprove those practices. The system is designed to encourage Texas public schools to betterÌýmanage their financial resources in order to provide the maximum allocation possible for direct instructional purposes.ÌýÌýÌý

Recent Update

Changes effective with the 2022-2023 Charter FIRST Ratings

The Texas Administrative Code (TAC) §109.1001(n)(9)(A) and (B) was recently amended to allow for adjustments to scores and ratings upon appeal for FIRST Indicator 1—Timely Submissions of the Annual Financial Report.

• Charter FIRST Change—Appeal for Timely Submission of Annual Financial Report Slides
• Video: Ìý

Correspondence

• Official Notification of 2022-2023 Preliminary FIRST Ratings Based on 2022 Data
• Official Notification of 2020-2021 Final FIRST Ratings Based on 2020 Data
• Official Notification of 2020-2021 Preliminary FIRST Ratings Based on 2020 Data
• Official Notification of 2019-2020 Final Charter FIRST Ratings Based on 2019 Data
• Official Notification of 2019-2020 Preliminary Charter FIRST Ratings Based on 2019 Data

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• 2016-2017 IHE Charter FIRST Ratings based on 2016 data (PDF, 83 KB)
• 2009-2010 – 2013-2014 Charters FIRST Rating based on 2008-2009 – 2012-2013 Data (PDF, 1,092 KB)
• 2009-2010 – 2013-2014 Charters FIRST Rating based on 2008-2009 – 2012-2013 Data (Excel, 173 KB) Ìý
• 2010–2011 Charter School - Financial Accountability RatingsÌýÌýÌýÌýÌý
• 2009–2010 Charter SchoolÌý- Financial AccountabilityÌýRatings

Financial Management Report Template for Use by Open-Enrollment Charter Schools and Charter Schools Operated by a Public Institution of Higher Education (IHE)

• Charter FIRST Annual Financial Management Report (PDF, 150 KB)
• Charter FIRST Annual Financial Management Report (Excel, 26 KB)

Law and Rules

Law:

Commissioner's Rules: