Olney I.S.D. reports "A" FIRST rating and Low Risk federal assessment

At the Aug. 27 meeting, Superintendent Dr. Matt Caffey reported that the district's Preliminary Financial Integrity Rating System of Texas (FIRST) result was an A for the fifth consecutive year. "The District earned an A for the 5\u02c9th year in a row," the board record states as staff described the rating and related financial oversight.

Dr. Caffey and Chief Financial Officer Tim H. Orsak also presented the Annual Federal Financial Risk Assessment, which the district achieved as a Low Risk designation. Board members accepted the financial reports, and trustees voted 6-0 to approve the July 2026 financial and utilities reports that accompanied the staff presentation.

The board incorporated the ratings into its fiscal discussion while reviewing cash receipts, bank and investment schedules, the July check register and budget summary.