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Santa Rosa ISD earns 'Superior' financial rating, posts 96 of 100 on FY2023 FIRST report
Summary
Santa Rosa Independent School District reported a 96/100 score and a 'Superior' rating for FY2022–23 under the Texas FIRST system, citing a clean audit, healthy days‑cash metric (175.63 days) and positive net position.
The Santa Rosa Independent School District reported a 96 out of 100 score and a "Superior" Financial Integrity Rating System of Texas (FIRST) rating for fiscal year 2022–23, according to materials presented at a special public hearing Dec. 16. The FIRST worksheet shows the district passed all four critical indicators, including timely submission of the Annual Financial Report and an unmodified (clean) opinion from independent auditors.
District materials presented to the board list several specific financial metrics supporting the rating: the AFR was received by the Texas Education Agency on Nov. 21, 2023; the district reported a positive total net position for governmental activities; and the district's general fund had 175.6321 days of cash on hand (about 5.8 months). The presentation also recorded a three‑year average change in assigned and unassigned fund balances of $6,709,114 (14.07%). The board packet identified Chief Financial Officer Marisa Cuevas as the staff contact on the report.
