Business & Support Services1

FINANCIAL MANAGEMENT
Department No. 727

Function

The Financial Management Department accounts and monitors the monthly payroll checks for all District employees, payments to all vendors, investments of all District resources, timely debt service payments, the accountability of all grants and resources generated by the School District.

Mission

To provide sound fiscal management practice in order to maximize available resources and provide for uses of those resources in a productive and efficient manner so that the District can provide quality services and education to its children.

Department Goals

Disseminate financial information to employees, Superintendent, Board of Trustees, bondholders, and taxpayers in an accurate, timely and efficient manner. Effectively manage cash flow and investments of the District. Facilitate and monitor the District’s budget process and provide information for decision making to the Superintendent, Board of Trustees, administration, and taxpayers in order to produce a legally and politically acceptable balanced budget that meets GFOA standards.

Department Objectives

Process transactions through a centralized financial system and distribute system generated management and departmental reports. Prepare the CAFR in accordance with the reporting standards and receive the GFOA Certificate of Achievement for Excellence in Financial Reporting.

Invest with the primary objectives which are safety, liquidity, and yield through the administration of the adopted investment program. 

Coordinate the budget preparation and review process while monitoring current budget expenditures and expenditure/revenue projections. Prepare the annual operating budget for the District which provides for the efficient and cost effective operation in accordance with all legal requirements. Prepare the annual budget in accordance with the reporting standards and to receive the GFOA Distinguished Budget Presentation Award.

Prior Year Highlights

  • Received a rating of “Superior Achievement” under Schools FIRST
    (Financial Integrity Rating System of Texas)
  • GFOA awarded the Certificate of Achievement for Excellence in Financial Reporting.
  • GFOA Distinguished Budget Presentation Award.
Financial Management
956-273-1070
1702 Houston St.
Laredo, TX 78040

School Business


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