Pasadena ISD was recognized for strong financial management practices. Congratulations!
Pasadena ISD was recently recognized as one of only 23 school districts in Texas to earn 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. Trophies were presented at an awards reception during the TASBO annual conference in February.
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 areas include:
finance department essentials
staffing & training
controls
budget management
processes
cash management
communications
financial reports
financial analysis and projections
external staff training
innovation (bonus points)
“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.”