The purpose of the financial accountability rating system for charter schools, known as Charter Financial Integrity Rating System of Texas (FIRST), is to ensure that open-enrollment charter schools and charter schools operated by a public institution of higher education (IHE) are held accountable for the quality of their financial management practices and that they improve those practices. The system is designed to encourage Texas public schools to better manage their financial resources in order to provide the maximum allocation possible for direct instructional purposes.
These reports provide an overview of each district's financial accountability status known as the School Financial Integrity Rating System of Texas (FIRST) rating. The state's school financial accountability rating system ensures that Texas public schools are held accountable for the quality of their financial management practices and that they improve those practices.