McKinney ISD

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MISD Earns Recognition for Excellence in Financial Reporting from Government Finance Officers Association

Article|
Shane Mauldin|
Monday, May 15, 2017
The Government Finance Officers Association of the United States and Canada (GFOA) has awarded McKinney ISD the Certificate of Achievement for Excellence in Financial Reporting for 2016—the highest form of recognition in the area of financial transparency granted by the organization.

The Government Finance Officers Association of the United States and Canada (GFOA) has awarded McKinney ISD the Certificate of Achievement for Excellence in Financial Reporting for 2016—the highest form of recognition in the area of financial transparency granted by the organization.

McKinney, Texas –  The Government Finance Officers Association of the United States and Canada (GFOA) has awarded McKinney ISD the Certificate of Achievement for Excellence in Financial Reporting for 2016.

This award is the highest form of recognition in the area of governmental accounting and financial reporting that is granted by GFOA and comes in response to the district’s Comprehensive Annual Financial Report (CAFR) that was submitted to the Texas Education Agency and to GFOA last year.

The district’s CAFR was first reviewed by an independent auditor and then, after submission to GFOA, was assessed by an impartial panel of financial professionals who concluded that the document meets the high standards of their program and reflects a spirit of full disclosure to clearly communicate the district’s financial story.

TEA requires that each public school district file an Annual Financial Report (AFR), but the CAFR is a voluntarily created document that goes beyond the scope of the AFR.

“This is our first year to earn this recognition from GFOA because it’s our first year to do a CAFR,” said MISD Executive Director of Finance Marlene Harbeson. “We are trying to take extra steps for transparency purposes so that the community can access even more detailed information from us. So, we are very pleased that we received the Certificate of Excellence Award the first time we submitted a CAFR.”

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