School district receives award for financial reporting

HARLINGEN — The kudos keep rolling in.

Earlier this month, the Harlingen school district received a superior rating under the Financial Integrity Reporting System of Texas. The rating ensures that schools are held accountable for the quality of their financial management.

Now, just a few weeks later, it has received a Certificate of Achievement in Financial Reporting.

“This is the ninth year in a row we’ve received it,” said Julio Cavazos, chief financial officer. “I think it’s great that we get that award,” Cavazos said. “It shows that we’re doing what we need to do to ensure we have full transparency to our taxpayers.”

The Certificate of Achievement is the highest form of recognition in the area of government accounting and financial reporting. Its attainment represents a significant accomplishment by a government and its management, reads a statement from Cavazos.

He explained the difference between the FIRST and the CAFR.

“The FIRST is a Texas Financial Indicator that the Texas Comptroller has established,” he said. “That one we’re judged on different indicators on financial stability of the school district.”

The CAFR, he said, refers to the annual audit performed by the district.

“It shows the readers can read the audit appropriately and it’s easier to understand,” he said.