Annual Reports, Awards & Bond Ratings
Annual Financial Reports/Audited Comprehensive Annual Reports
2017 | 2016 |
Association of School Business Officials International (ASBO) awarded a Certificate of Excellence in Financial Reporting to Katy Independent School District for its Comprehensive Annual Financial Report for each year since 1983.
The Certificate of Excellence in Financial Reporting is an award of recognition granted by ASBO. The award certifies that the recipient school system has presented its Comprehensive Annual Financial Report to the ASBO Panel of Review for critical review and evaluation and that the report was judged to have complied with the principles and practices of financial reporting recognized by ASBO.
Receiving the award is recognition that a school system has met the highest standards of excellence in school financial reporting.
Government Finance Officers Association of the United States and Canada (GFOA) awarded a Certificate of Achievement for Excellence in Financial Reporting to Katy Independent School District, Texas for its Comprehensive Annual Financial Report for each year since 1983.
In order to be awarded a Certificate of Achievement, a governmental unit must publish an easily readable and efficiently organized Comprehensive Annual Financial Report, whose contents conform to program standards. Such reports must satisfy both accounting principles generally accepted in the United States of America and applicable legal requirements.
Receiving the award is recognition that a school system has met the highest standards of excellence in government accounting and financial reporting.
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 and that they improve those practices. The system is designed to encourage Texas public schools to better manage their financial resources to provide the maximum allocation possible for direct instructional purposes. Katy ISD has received the highest possible rating of "Superior Achievement" each year since 2002.
TEA Met Standard - District & Campuses