Pasadena Independent School District officials told trustees on Nov. 18 that the district earned a 'Superior Achievement' rating on the Texas School FIRST financial integrity report, scoring 98 out of 100 points for the period covering the 2023–24 data the rating uses.
"Again our rating is a superior achievement. We scored 98 out of the possible 100 points," CFO Tamika Alfred Stevens said, noting critical pass/fail indicators and point‑based indicators where the district performed strongly. Stevens flagged one near miss — a metric at 4.018% versus a 4.0% threshold — that cost the district two points and said the FIRST report includes required disclosures on reimbursements, gifts and the superintendent’s contract.
Auditor Patrick Simons of Whitley Penn presented the district’s 2025 audit for the fiscal year ending June 30, 2025, and said the firm would issue an unmodified (clean) opinion on the financial statements, with no material weaknesses, significant deficiencies or material noncompliance identified. Simons noted the district switched fiscal year ends this year and that the federal single audit (major program: Title I, Part A) remains pending the 2025 compliance supplement.
Key figures presented during the meeting: a $10.8 million increase in net investment in capital assets; a general fund revenue mix that shifted to about 57% state aid and 34% property taxes; general fund ending unassigned fund balance reported at $161,200,000 and roughly 91 days of unassigned fund balance. Simons said the district’s net change in fund balance aligned with the planned budget amendment.
The board received the presentation and auditors answered clarifying questions; the full federal single audit report will be issued once the compliance supplement is available and will be presented to the board when complete.