Santa Rosa ISD report shows strong liquidity and solvency measures across multiple FIRST indicators
The district's FIRST worksheet reports days of cash on hand at 175.6321, a long-term liabilities-to-assets ratio of 0.3535, and administrative cost ratio of 14.06%, supporting a high overall score for FY2023.
The full story
The Annual Financial Accountability Management Report presented Dec. 16 details multiple technical FIRST indicators that underpinned Santa Rosa ISD's Superior rating. Key measures: days of cash on hand for FY2023 were 175.6321 (indicator #7), the ratio of long-term liabilities to total assets was 0.3535 (indicator #11), and the administrative cost ratio was 14.06% (indicator #13). The report also records a current assets-to-current liabilities ratio of 6.6073 and a PEIMS-to-AFR variance of 0% for data quality.
Sign up to keep reading.
Your free newsletter brings you what your city council, county, and school board discussed and decided.
Keep reading for free
Create a free account to finish this story and see the video, transcript and key details.
Continue with GoogleContinue with emailAlready have an account? Log in