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Mesquite ISD earns A on School FIRST report; district reports $603.5M net position
Summary
District finance staff presented the School FIRST results: Mesquite ISD earned an A (94/100), reported a positive net position of $603,500,000, revenues exceeded expenditures by $6.6M and cash covered 82.5 days (noting long‑term investments).
Mesquite ISD finance staff presented the district's School FIRST (Financial Integrity Rating System of Texas) report for fiscal 2023–24, reporting an A — "superior achievement" — with 94 of 100 possible points. Presenters said the district passed all four critical indicators (annual report filing, an unmodified audit opinion, compliance with debt agreements and timely payroll liabilities) and met ceiling indicators.
The presentation included financial metrics: a positive net position of $603,500,000, a fund balance increase of 4.8% over three years and cash and current investments covering 82.5 days of operations (noting the calculation excludes approximately $29.5M in long‑term investments). Revenues exceeded expenditures by $6.6 million for the fiscal year cited.
