Each year the Texas Education Agency releases a rating system to score finance departments across the state of Texas based on 15 different indicators.
For the past six years Alvarado ISD has received the highest rating available and did so again this year as it earned a Superior rating despite tougher standards.
“We are excited about the news, not only for the school district but also for the community of Alvarado ISD,” Chief Financial Officer Rodney Toon said. “This rating affirms that we are being great stewards of our funds and honoring the trust that is instilled in us by our tax payers.
“Alvarado is an outstanding community who supports our schools.”
Alvarado ISD’s score was 96 out of a possible 100, which is two points higher than last year.
“We increased by two points on the indicator that measures the ratio of long-term liabilities to total assets to determine if our district is sufficient to support long-term solvency,” Toon said.
The rating system changed this year as districts needed to score a 90 (instead of 71) or above to reach the Superior Level and the passing mark increased from 31 to 60.