Round Rock ISD was rated above the Texas Financial Integrity Rating System (FIRST) for the 2021-2022 academic year. The FIRST results were announced by the state in early August.
The District’s finance team has earned the state’s highest possible A, or Superior, rating for 18 of the past 19 years.
“Once again, we have confirmation that Round Rock ISD’s financial team is truly among the best,” said Superintendent Dr. Hafedh Azaeiz. “Led by our CFO, Dennis Covington, the entire team has earned an exemplary reputation throughout the state and nation for sound fiscal management. I see firsthand the care and dedication that each member of the team shares as they work tirelessly to meet the needs of our students and staff. I am so proud to see their efforts recognized again and again.”
The FIRST grading system takes into account district scores on 15 indicators. Areas of assessment include audit and governance disclosures; cash and investments; tax collection; fund balance; debt management; administrative expenses; capital projects; and staffing levels.
Round Rock ISD has a long-standing reputation for superior financial performance. In addition to a top rating from FIRST, Round Rock ISD has also maintained a AAA rating from Moody’s for the past 12 years. And earlier this summer, the Government Finance Officers Association of the United States and Canada (GFOA) awarded the District a Certificate of Achievement for Excellence in Financial Reporting. According to the GFOA, the Certificate of Achievement is the highest form of recognition in government accounting and financial reporting.
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