Gainesville Daily Register

Local News

October 19, 2013

School board members to discuss financial rating

Gainesville — Staff report

Monday’s regular Gainesville Independent School District Board of Trustees meeting will allow visitors to address the district’s recent “superior” financial rating by the Texas Education Agency (TEA).

The meeting begins at 5 p.m. Superintendent Jeff Brasher said the TEA’s Financial Integrity Rating System of Texas (FIRST) evaluation of the district during the 2011-12 fiscal year resulted in a score of 67 out of 70, based on 20 separate indicators.

During Monday’s meeting, district business manager Paula Garner will cite the rating and allow the public to comment — up to 5 minutes per speaker.

“We’re handling the district’s financial affairs with integrity, is what it says,” Brasher said Friday about the score. “It’s another accountability procedure that TEA has put into place.”

Brasher added that 2013 marks the 11th year the Gainesville school district has been evaluated by TEA for financial responsibility.

Also on Monday’s agenda:

• Officials will be presented a rebate check from Entegral Solutions. The rebate is an incentive from Entegral following the district’s participation in an energy efficiency program during recent months. Brasher said the district received $500,000 in financing from First State Bank to implement “green” improvements on campus, adding that the resulting savings will be enough to repay the loan within 10 years.

• Tracy Henry of Lee Intermediate School will receive the “Teacher of the Month” certificate for October.

• Action items include an update about the Texas Taxpayer and Student Fairness Coalition; selection of nominees for the Cooke County Appraisal District Board of Directors.

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