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Home | News | Local News | Socorro ISD Awarded National Honor for Excellence in Financial Reporting

Socorro ISD Awarded National Honor for Excellence in Financial Reporting

The Government Finance Officers Association of the United States and Canada has awarded the Socorro Independent School District a Certificate of Achievement for Excellence in Financial Reporting for its 2017 annual financial report.

“It is with great honor and pride that the Socorro Independent School District accepts the Certificate of Achievement for Excellence in Financial Reporting,” said Tony Reza, chief financial officer. “A lot of work went into receiving this certificate. We are grateful to the GFOA and we will endeavor to continue receiving this prestigious award in the future.”

The certificate of achievement is the highest form of recognition in the area of governmental accounting and financial reporting, according to the GFOA. An Award of Financial Reporting Achievement also has been presented to SISD’s Financial Services Department as part of the prestigious recognition.

The award recognizes SISD’s outstanding governance and responsible, transparent financial management.

The district’s comprehensive financial report was judged by a panel of experts using high standards to determine if the district clearly communicates its financial standings with a “spirit of full disclosure.”

SISD’s comprehensive report reinforces its commitment to ensuring accountability for all in every aspect of operation, including financial reporting. It ensures open and transparent communication and efficient and effective budget management to serve the needs of students, families, and community members.

“We hope that SISD’s example will encourage other government officials in their efforts to achieve and maintain an appropriate standard of excellence in financial reporting,” said Michele Mark Levine, Technical Services Center director for GFOA, in a letter to SISD.

The GFOA established the award program to encourage state and local governments to report financial statements beyond the requirements of generally accepted accounting principles and to prepare comprehensive annual financial reports.

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