TASBO has announced the 2022 winners of the Award of Excellence in Financial Management.
We are proud to recognize the second group of educational organizations across the state who have earned the prestigious Award of Excellence in Financial Management. Established in 2020, the award is given to Texas school districts, open-enrollment charter schools, and education services centers that demonstrate professional standards, best practices, and innovations in the area of financial management and reporting. This year, 13 recipients qualified for the award, sponsored by Forecast5 Analytics. Plaques will be presented at an awards reception in Grapevine, Texas, on March 2 during the TASBO annual conference.
The criteria to qualify for the Award of Excellence in Financial Management is stringent, based on financial accounting and reporting guidelines identified by the Texas Education Agency (TEA) Financial Accountability System Resource Guide (FASRG). Applicants must submit documents across 11 key areas, which are reviewed by a TASBO accounting subcommittee.
“These organizations have gone above and beyond to demonstrate transparency by meticulously documenting their districts’ policies and procedures,” said Tracy Ginsburg, TASBO Executive Director. “Not only have they showcased the ways they monitor spending, improve budgeting, implement controls, and enhance financial reporting, but they have shared their best practices with colleagues throughout Texas, helping even more educational organizations to better utilize taxpayer dollars.”
The 2022 recipients are:
Harris County Department of Education
Lake Worth ISD
Little Elm ISD
Red Oak ISD
Royse City ISD
About the Criteria
A TASBO Accounting & Finance Subcommittee developed the criteria for the award based on state and federal guidelines. Each applicant must submit documentation on 11 areas:
- finance department essentials
- staffing & training
- budget management
- cash management
- financial reports
- financial analyses and projections
- external staff training
- innovation (bonus points)
Applications for 2023 will open in May at tasbo.org/award-of-excellence