| (1) The financial accountability rating indicators
for rating year 2014-2015 are based on fiscal year 2014 financial
data and are provided in the figure in this paragraph entitled "Charter
FIRST - Rating Worksheet Dated August 2015 for rating year 2014-2015."
Attached Graphic
(2) The financial accountability rating indicators
for rating year 2015-2016 are based on fiscal year 2015 financial
data and are provided in the figure in this paragraph entitled "Charter
FIRST - Rating Worksheet Dated August 2015 for rating year 2015-2016."
Attached Graphic
(3) The financial accountability rating indicators
for rating year 2016-2017 are based on fiscal year 2016 financial
data and are provided in the figure in this paragraph entitled "Charter
FIRST - Rating Worksheet Dated August 2015 for rating year 2016-2017."
Attached Graphic
(4) The financial accountability rating indicators
for rating years 2017-2018, 2018-2019, and 2019-2020 are based on
financial data from fiscal years 2017, 2018, and 2019, respectively,
and are provided in the figure in this paragraph entitled "Charter
FIRST - Rating Worksheet Dated April 2020 for rating year 2017-2018."
The financial accountability rating indicators for rating years 2017-2018,
2018-2019, and 2019-2020 will use the same calculations and scoring
method provided in the figure in this paragraph.
Attached Graphic
(5) The financial accountability rating indicators
for rating year 2020-2021 are based on fiscal year 2020 financial
data and are provided in the figure in this paragraph entitled "Charter
FIRST - Rating Worksheet Dated October 2021 for rating year 2020-2021."
The financial accountability rating indicators for rating years after
2020-2021 will use the same calculations and scoring method provided
in the figure in this paragraph.
Attached Graphic
(6) The financial accountability rating indicators
for rating year 2021-2022 are based on fiscal year 2021 financial
data and are provided in the figure in this paragraph entitled "Charter
FIRST - Rating Worksheet Dated October 2021 for rating year 2021-2022."
The financial accountability rating indicators for rating years after
2021-2022 will use the same calculations and scoring method provided
in the figure in this paragraph.
Attached Graphic
(7) The financial accountability rating indicators
for rating year 2022-2023 are based on fiscal year 2022 financial
data and are provided in the figure in this paragraph entitled "Charter
FIRST - Rating Worksheet Dated June 2023 for rating year 2022-2023."
The financial accountability rating indicators for rating years after
2022-2023 will use the same calculations and scoring method provided
in the figure in this paragraph.
Attached Graphic
(8) The specific calculations and scoring methods used
in the financial accountability rating worksheets for open-enrollment
charter schools for rating years prior to 2014-2015 remain in effect
for all purposes with respect to those rating years.
(g) The TEA will base the financial accountability
rating of a charter school operated by a public IHE on its overall
performance on the financial measurements, ratios, and other indicators
established by the commissioner, as shown in the figures provided
in this subsection. Financial accountability ratings for a rating
year are based on the data from the immediate prior fiscal year.
(1) The financial accountability rating indicators
for rating year 2016-2017 are based on fiscal year 2016 financial
data and are provided in the figure in this paragraph entitled "IHE
Charter FIRST - Rating Worksheet Dated June 2019 for rating years
2016-2017 through 2019-2020." The financial accountability rating
indicators for rating years 2016-2017 through 2019-2020 will use the
same calculations and scoring method provided in the figure in this
paragraph.
Attached Graphic
(2) The financial accountability rating indicators
for rating year 2020-2021 are based on fiscal year 2020 financial
data and are provided in the figure in this paragraph entitled "IHE
Charter FIRST - Rating Worksheet Dated June 2019 for rating year 2020-2021."
The financial accountability rating indicators for rating years after
2020-2021 will use the same calculations and scoring method provided
in the figure in this paragraph.
Attached Graphic
(h) The types of financial accountability ratings that
school districts or open-enrollment charter schools may receive for
the rating year 2014-2015 are as follows.
(1) P for pass. This rating applies only to the financial
accountability rating for rating year 2014-2015 based on fiscal year
2014 financial data. In accordance with the procedures established
in this section, a school district or an open-enrollment charter school
will receive a P rating if it scores within the applicable range established
by the commissioner for a P rating.
(2) F for substandard achievement. This rating applies
to the financial accountability rating for rating year 2014-2015 based
on fiscal year 2014 financial data. In accordance with the procedures
established in this section, a school district or an open-enrollment
charter school will receive an F rating if it scores within the applicable
range established by the commissioner for an F rating.
(i) The types of financial accountability ratings that
school districts or open-enrollment charter schools may receive for
the rating year 2015-2016 and all subsequent rating years are as follows.
(1) A for superior achievement. Beginning with the
financial accountability rating for rating year 2015-2016 and all
subsequent rating years, in accordance with the procedures established
in this section, a school district or an open-enrollment charter school
will receive an A rating if it scores within the applicable range
established by the commissioner for an A rating.
(2) B for above standard achievement. Beginning with
the financial accountability rating for rating year 2015-2016 and
all subsequent rating years, in accordance with the procedures established
in this section, a school district or an open-enrollment charter school
will receive a B rating if it scores within the applicable range established
by the commissioner for a B rating.
(3) C for standard achievement. Beginning with the
financial accountability rating for rating year 2015-2016 and all
subsequent rating years, in accordance with the procedures established
in this section, a school district or an open-enrollment charter school
will receive a C rating if it scores within the applicable range established
by the commissioner for a C rating.
(4) F for substandard achievement. Beginning with the
financial accountability rating for rating year 2015-2016 and all
subsequent rating years, in accordance with the procedures established
in this section, a school district or an open-enrollment charter school
will receive an F rating if it scores within the applicable range
established by the commissioner for an F rating.
(5) No Rating. Beginning with the financial accountability
rating for rating year 2016-2017 and all subsequent rating years,
in accordance with the procedures established in this section, a school
district receiving territory due to an annexation order by the commissioner
under the TEC, §13.054, or consolidation under the TEC, Chapter
49, Subchapter H, will not receive a rating for two consecutive rating
years beginning with the rating year that is based on financial data
from the fiscal year in which the order of annexation becomes effective.
After the second rating year, the receiving district will be subject
to the financial accountability rating system established by the commissioner
in this section.
(j) The types of financial accountability ratings that
charter schools operated by public IHEs may receive for the rating
year 2016-2017 and all subsequent rating years are as follows.
(1) P for pass. Beginning with the financial accountability
rating for rating year 2016-2017 and all subsequent rating years,
in accordance with the procedures established in this section, a charter
school operated by a public IHE will receive a P rating if it scores
within the applicable range established by the commissioner for a
P rating.
(2) F for substandard achievement. Beginning with the
financial accountability rating for rating year 2016-2017 and all
subsequent rating years, in accordance with the procedures established
in this section, a charter school operated by a public IHE will receive
an F rating if it scores within the applicable range established by
the commissioner for an F rating.
(k) The commissioner may lower a financial accountability
rating based on the findings of an action conducted under the TEC,
Chapter 39 or 39A, or change a financial accountability rating in
cases of disaster, flood, extreme weather conditions, fuel curtailment,
or another calamity.
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