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Santa Rosa ISD reports about 175 days of cash on hand, exceeding FIRST thresholds
Summary
The district reported 175.63 days of cash on hand for FY2023 (about 5.8 months), and an average three‑year change in assigned/unassigned fund balances of 14.07%, both cited as factors contributing to the Superior FIRST rating.
Santa Rosa Independent School District's FIRST report shows the district had 175.63 days of cash on hand in its general fund for fiscal year 2023, equivalent to roughly 5.8 months of operating expenditures, the packet states.
The report also notes the district's average change in assigned and unassigned fund balances over three years was $6,709,114 or 14.07% for FY2023, a figure used in FIRST ceiling indicator calculations. District materials presented at the special hearing highlight these liquidity and fund-balance measures as central to the district's strong financial score.
Officials indicated these measures contributed to full points earned on liquidity-related FIRST indicators; no board action was taken during the hearing beyond presentation of the report.
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