Presenter: South San Antonio ISD earns TEA 'first‑rating' score of 92; cash reserves highlighted
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Summary
A district financial presenter told the board the Texas Education Agency first‑rating score for the period was 92 (superior) driven by 113 days cash reserves; the presenter noted an expenditure exceedance of about $9 million in the period but said reserves and other ratios produced the high score.
An unidentified district finance presenter reviewed the Texas Education Agency’s first‑rating criteria and explained how South San Antonio ISD scored 92 across 21 items, a rating characterized in the presentation as “superior.” The presenter said the district earned maximum points for maintaining 113 days of cash on hand and for posting required financial information online.
Not all measures were perfect: the presenter said the district’s current assets‑to‑liabilities ratio was 2.82 (scored 8/10) and the ratio of long‑term liabilities to total assets produced a 6/10 score. He also pointed out that, in the audited period, general fund expenditures exceeded revenues by about $9 million but that the district’s reserve levels helped preserve a high rating.
Why it matters: TEA first‑rating results are used to assess fiscal management and public transparency. A high first‑rating score can affect public confidence and oversight; the presentation also highlighted items the district can address, such as improving asset ratios and aligning debt with asset values.
Board response: The presenter invited questions and concluded the public hearing section after stating there were no further questions. Trustees did not propose immediate corrective actions during open session but retained the auditor’s conclusions and planned follow‑up discussion as needed.