Santa Rosa ISD shows lower fund balances and year-to-date revenue variance in October report

Marisa Cuevas, Santa Rosa ISD chief financial officer, presented the district's combined-funds recap and investment reconciliations for the period ending Oct. 31, 2024.

Cuevas's slides reported General Fund revenues for the fiscal year of $14,043,441 and expenditures and other financing uses of $15,919,190, leaving a June 30, 2024 fund balance of $5,304,185 and a year-over-year net change of ($1,875,749). The presentation highlighted increased expenditures in guidance/counseling (about $318,000) and food services (about $329,000), including equipment purchases funded in part by prior-year ESSER funds and one-time purchases.

Monthly operating reports shown to the board included detailed revenue-to-budget and expenditure-to-budget comparisons across General Operating Funds, Special Revenue Funds, Interest & Sinking, and Construction Funds; the combined total revenues reported on the slide were $17,618,142 (after adjusting for other-resources accounts). The board also reviewed cash balances and investments including TexPool and bank accounts, and monthly cumulative interest totals shown on the district's investment report.

The finance report was provided as part of the superintendent reports section. Board members did not take separate action on the monthly financial report during open session; it served as administrative briefing and context for the audit presentation and consent items.