Prosper ISD scored 94 out of 100 points and earned an A, for "Superior Achievement," in the state's latest review of school district finances, and trustees will hold a public hearing on the result at their meeting Monday night.
The rating comes from the Financial Integrity Rating System of Texas, known as FIRST, which the Texas Education Agency runs. The 2025-26 ratings are based on the 2024-25 school year. TEA's FIRST records list Prosper ISD's status as passed, with the rating published Aug. 7. The minimum passing score is 70.
Where the points came from
The system asks a series of questions about a district's audited annual financial report. Prosper ISD answered yes to 20 of the 21 indicators, according to the TEA record, and cleared the four critical indicators. Under the rating rules, failing any one of those four results in an F regardless of points.
Those four cover on-time submission of the annual financial report, a clean audit opinion, staying current on debt payments, and making timely payments to agencies such as the Teacher Retirement System and the IRS.
The district received 10 points on most of the scored measures, including:
- days of cash on hand to cover operating costs
- current assets compared with current liabilities
- general fund revenue compared with spending
- how closely budgeted revenue tracked actual revenue over three years
- long-term liabilities compared with total assets
