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GISD receives "A" rating for excellent financial management



Greenville ISD received the highest possible rating for financial management from the Texas Education Agency (TEA).


In addition, two other financial reports reinforced the news that GISD is in the best financial shape it has been in years.


The announcement of GISD's "Superior" rating, an exemplary audit, and the news that the district has a healthy fund balance drew a round of applause at the Nov. 19 School Board meeting.


"This is fantastic news," School Board President John Kelso said. "It is affirmation that GISD is back on a path to excellent financial health. It's taken a lot of hard work to get here, and I would like to acknowledge the tough decisions that my fellow trustees have had to make along the way."


"I also want to thank our administration for their diligent work and fiscal responsibility. As the auditor indicated, they reconciled our books to the penny, something that hasn’t been done in years," Kelso said. "Also, Deidra Reeves, the district’s Assistant Superintendent of Business Operations & Financial Services showed how our General Fund Balance is healthier than it has been since 2012.  This is no small feat, considering where we found ourselves just a few short years ago.  For me, the news of reaching a more than generous fund balance is the best part of this report.”


The state's school financial accountability rating system, known as the School Financial Integrity Rating System of Texas (FIRST), ensures that Texas public schools are held accountable for the quality of their financial management practices. The state issues annual ratings.