District earns budget transparency award for 17th straight year
District earns budget transparency award for 17th straight year
Posted on 02/05/2018
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The Association of School Business Officials International has awarded Northwest ISD with its Meritorious Budget Award for the 2017-18 budget year, the 17th time the district has received the honor.

ASBO International’s award annually recognizes school districts that implement the best budget presentation practices as determined by a panel of financial professionals. This panel assesses whether budgets are in compliance with the MBA Criteria Checklist and other accepted financial practices. Districts that meet the requirements earn the MBA or, if they are a first-time application, the association’s Pathway award.

John Musso, executive director of ASBO International, said the award encourages school business and finance professionals to make budget documents transparent for community members.

“The application process helps school officials create an easy-to-read, accurate budget document that clearly communicates the district’s goals and objectives, and builds credibility and trust with their community,” he explained. “The MBA serves as a gold-star designation and promotes continuous improvement – reasons districts apply year after year.”

The Northwest ISD budget document has been awarded the Meritorious Budget Award by ASBO International every fiscal years from 2001-02 through 2017-18. The Government Finance Officers Association has awarded the document its Distinguished Budget Presentation Award for the fiscal years from 2002-03 through 2017-18.

Additionally, Northwest ISD’s comprehensive annual financial report has been awarded the Certificate of Excellence in Financial Reporting by ASBO International for the fiscal years ending in 2003 through 2016, excluding 2010. The same report has won the Certificate of Achievement for Excellence in Financial Reporting from the GFOA for fiscal years ending in 2002 through 2016. Northwest ISD’s fiscal years annually end on June 30.

“Our most important concern in the presentation of the budget data is to improve the quality of information provided to our community about the district's financial plan for the educational programs and services for the students of Northwest ISD,” said Jon Graswich, Northwest ISD deputy superintendent for business and operations.

VIEW FINANCIAL INFORMATION
To view Northwest ISD’s comprehensive annual financial reports since 2006, click here. To view the district’s adopted budgets since 2005-06, click here.