San Angelo ISD reports robust finances, comptroller says district earned a perfect FIRST score

The San Angelo Independent School District finance team reported robust balances and investment returns as trustees reviewed monthly finance and audit materials and a public FIRST rating presentation.

At the start of the business section, a finance presenter summarized key balances: an unassigned fund balance of $52,247,252 and a committed fund balance of $4,892,209, of which about $4,000,000 is earmarked for capital projects. The presenter reported total invested funds of $474,518,771; October interest earnings of $1,703,728 (with $234,937 credited to the general fund); and reported tax-collection percentages roughly in line with prior years (2023 collections about 100.39% and 2024 at 99.82%).

Later in the meeting, Comptroller Jaime Guerrero presented the district’s Financial Integrity Rating System of Texas (FIRST) results. Guerrero summarized the FIRST framework, noting five critical indicators and a total of 21 factors the agency reviews. He reported that the district “got a perfect score of a 100, which translates to an A,” and that the district passed the key solvency and compliance measures he reviewed. He also noted one ‘no’ on indicator 21 (the repayment-plan item), which did not prevent the district from achieving the perfect overall score.

Guerrero walked trustees through the critical indicators (timely audit submission, unmodified audit opinion, debt payments, timely payments to state/federal entities, and positive net position) and solvency indicators (fund-balance and cash-on-hand measures). He thanked staff and emphasized the teamwork required to sustain multi-year financial stability.

Board members marked the rating as a multi-year achievement and noted the district’s recovery from prior financial exigency decades earlier. Trustee comments credited the finance department and outside auditors for long-term work that enabled the district to reach and sustain the top rating.

The finance presenter also summarized the district’s check registers, investment reports, and purchase-order reports for the period; trustees had no substantive questions and the board later approved the bills and financial statements for October 2025 by a 7–0 vote.

The presentation included required disclosures for transparency (superintendent contract, reimbursements to trustees and superintendent, and business transactions between trustees and the district) and noted that these details are available on the district website.

Next steps: the board accepted the financial reports as provided and placed the FIRST disclosures on the public record.