District garners financial awards

Showcased+on+a+wall+inside+the+school+district%27s+administration+building+are+the+three++financial+recognition+awards+recently+given+to+the+Lovejoy+ISD.+The+awards+signify+sound+financial+decisions+made+within+the+district.

Morgan Hykin

Showcased on a wall inside the school district’s administration building are the three financial recognition awards recently given to the Lovejoy ISD. The awards signify sound financial decisions made within the district.

Sydney Grissom, Lead Reporter

The district may be well known for its achievements academically, however the district has been recognized recently financially as well, having received a Trifecta of Recognition.

The district received three awards including a Platinum Award from Comptroller for Transparency meaning that all of the information about what happens with the school budget is readily accessible to the public as schools handle public funds and tax payer money. This year is the first year a platinum award has been available as in past years  gold status, which the district had received, was the highest level.

The second award given is 5 Stars for Return on Investment to Taxpayers for High Student Achievement for Dollars Spent. In order to receive this level of achievement, the schools have to be spending money in a way that produces high results academically, ensuring the taxpayer dollars are increasing student performance and being spent effectively. In 2013, only 55 districts received this recognition.

The last award is a Superior Rating from the Texas Education Agency for Financial Accountability. This rating looks at the financial side to make sure that the dollars are being spent in a satisfactory way so academic results can continue. The TEA looks at it from more of an educational standpoint as compared to the Comptroller. The district scored a perfect score on this and received the highest rating.

“This says that our district has a school board of trustees that is very conservative and very fiscally responsible with the taxpayer funds to deliver the education we promise the taxpayer,” Chief Financial Officer Shay Adams said.