Local business? Support local news on TheColony.city

Back to The Colony

Lewisville ISD posts a perfect 100 on the state school finance ratings ahead of a Nov. 9 hearing

The district that serves The Colony's schools earned every available point on TEA's FIRST rating for 2025-26 and will discuss the result at a public hearing Monday, Nov. 9.

Jubal Vargas· AI-assisted, edited by Jake Team

October 24, 20262 min read

school finance excellence - illustration, Jake Team LLC

Lewisville ISD, which runs the public schools in The Colony, scored every available point on the state's 2025-26 school finance ratings, according to Texas Education Agency records.

The district will hold a public hearing on the result at 7 p.m. Monday, Nov. 9, in the boardroom of the Lewisville ISD Administrative Center, 1565-A W. Main St. in Lewisville. LISD posted the hearing notice Friday.

A clean sheet

TEA's Financial Integrity Rating System of Texas, or FIRST, grades districts each year on 21 indicators taken from their audited annual financial reports. The ratings released this summer cover the 2024-25 school year.

Lewisville ISD's detail sheet shows a score of 100, with a rating of A for "Superior Achievement." Passing takes 70 points; an A takes at least 90.

The district took full marks on each of the scored measures, among them:

  • days of cash on hand and current investments to cover operating costs;
  • the ratio of current assets to current liabilities;
  • whether general fund revenue covered operating spending;
  • how close budgeted revenue came to actual revenue over three years;
  • long-term liabilities compared with total assets, and future debt payments compared with the district's taxable property value;
  • average daily attendance against the district's own projection.

It also passed the checks that can cap or sink a rating, including on-time filing of its annual financial report, an unmodified opinion from its outside auditor, no material weaknesses in internal controls, and paying the Teacher Retirement System, the Texas Workforce Commission and the IRS on schedule. TEA finalized the district's rating on Aug. 7.

The hearing is open to residents of every city the district serves. LISD's notice says only that the purpose is to discuss the district's rating under the state's financial accountability system; it did not list other items.

Residents who want to look at the indicators before the hearing can find each district's sheet on TEA's FIRST site by selecting the 2025-2026 rating year and district number 061902.

Sources

lisd.net

tealprod.tea.state.tx.us

Share

Jubal Vargas· AI-assisted, edited by Jake Team

Jubal Vargas writes about community life, schools, public safety, and local events in The Colony.

Related Stories

More in Texas