EDINBURG – The Edinburg Consolidated Independent School District recently announced that it has been awarded a Superior Rating with a perfect score of 100 on the Financial Integrity Rating System of Texas and received the nationally recognized Financial Reporting Achievement award.
According to the Texas Education Agency (TEA), the state's school financial accountability rating system encourages public schools to manage their financial resources better and provide the maximum allocation possible for direct instructional purposes.
"Edinburg CISD has received a Superior Rating for 18 consecutive years," said ECISD Interim Superintendent Gilbert Garza. "It is a tremendous achievement that validates the dedication and hard work by our Board of Trustees and our Finance Department."
The 2019-2020 school year's ratings are based on TEA annual financial reports by districts and charter schools for the 2019 fiscal year. The financial accountability system requires TEA to review the audited financial reports from all districts and charters.
Additionally, for the fifth consecutive year, the Government Finance Officers Association of the United States and Canada (GFOA) awarded the Certificate of Achievement for Excellence in Financial Reporting to Edinburg CISD for its comprehensive annual financial report for the 2018-2019 fiscal year.
According to GFOA, the award is the highest form of recognition in governmental accounting and financial reporting, and its attainment represents a significant accomplishment by a government and its management.
The report was judged by an impartial panel to meet the program's high standards, including demonstrating a constructive "spirit of full disclosure" to communicate its financial story and motivate potential users and user groups to read the report.
To learn more about Edinburg CISD's financial ratings and awards, visit the ECISD Financial Transparency page https://www.ecisd.us/apps/pages/index.jsp?uREC_ID=1309653&type=d&pREC_ID=1529247.