‘A’ for accountability: Harlingen school district scores top marks for finance reporting – Valley morning Star

HARLINGEN — The Harlingen school district has scored an A on its report card.

District administrators have reported so well on the district’s financial health it has received top scores from the Government Finance Officers Association.

“They review the annual financial report that we do every year for the school year, our financial statements,” said Julio Cavazos, chief financial officer.

“They look at it for overall thoroughness and make sure that it’s following the accounting principles and procedures,” Cavazos said. “They review that and give us an award based on the comprehensiveness of that award.”

The GFOA represents public finance officials throughout the United States and Canada, says its website. Its mission is to promote excellence in state and local government financial management.

The “award” given to the district was the Certificate of Achievement for Excellence in Financial Reporting. It’s the highest form of recognition in governmental accounting.

“We take pride in preparing this report,” Cavazos said. “It’s something that we prepare on an annual basis and we want to make sure that the report is presented as accurately as possible when we present it to the board.”

This is the eighth year in a row the school district has received the award. Cavazos attributed the success in part to the presence of several former auditors, including him.

“We’re used to doing these types of reports,” he said. “I have a great team on board that prepares that report.”

Cavazos pointed out the district’s annual report came under close scrutiny by the GFOA.

“They look to see if the audit was presented fairly and in accordance to government accounting procedures,” Cavazos said.

“They look at whether it’s easily read by the readers of the audit and make sure that it’s pretty thorough, that there are no significant deviations from procedures.”

twhitehead@valleystar.com

ABOUT THE GFOA

 Has more than 19,000 members

 Provides best practice guidance, consulting, networking opportunities and publications including print books, e-books and periodicals

 Its members are federal, state/provincial and local finance officials who are deeply involved in planning, financing and implementing thousands of governmental operations in their jurisdictions

 Offers research and training opportunities for those in the finance profession

 Headquartered in Chicago with offices in Washington, D.C.

‘A’ for accountability: Harlingen school district scores top marks for finance reporting – Valley morning Star}