Awards & Recognition
Awards & Recognition
Financial statements of Tomball ISD are annually submitted to both The Association of School Business Officials (ASBO), International and The Government Finance Officers Association (GFOA) for review. These organizations encourage excellence in financial reporting by state and local governments, and enforce strict disclosure requirements on entities requesting review. Tomball ISD is committed to significantly higher standards in financial reporting and has received the following awards for financial statement presentation and disclosure. It should be noted that out of 1,022 school districts in Texas only 79 receive the GFOA award and only 51 receive the ASBO award. Only 4.70% of Texas school districts received such recognition from both associations.
|
GFOA Certificate of Achievement
for Excellence in Financial Reporting
-for the year ending August 31, 2017
-for the year ending August 31, 2016
-for the year ending August 31, 2015
-for the year ending August 31, 2014
-for the year ending August 31, 2013
-for the year ending August 31, 2012
-for the year ending August 31, 2011
-for the year ending August 31, 2010
-for the year ending August 31, 2009
-for the year ending August 31, 2008
-for the year ending August 31, 2007
-for the year ending August 31, 2006
-for the year ending August 31, 2005
-for the year ending August 31, 2004
-for the year ending August 31, 2003
-for the year ending August 31, 2002
-for the year ending August 31, 2001
-for the year ending August 31, 2000
-for the year ending August 31, 1999
-for the year ending August 31, 1998
|
ASBO Certificate of Excellence
in Financial Reporting
-for the year ending August 31, 2017
-for the year ending August 31, 2016
-for the year ending August 31, 2015
-for the year ending August 31, 2014
-for the year ending August 31, 2013
-for the year ending August 31, 2012
-for the year ending August 31, 2011
-for the year ending August 31, 2010
-for the year ending August 31, 2009
-for the year ending August 31, 2008
-for the year ending August 31, 2007
-for the year ending August 31, 2006
-for the year ending August 31, 2005
-for the year ending August 31, 2004
-for the year ending August 31, 2003
-for the year ending August 31, 2002
-for the year ending August 31, 2001
-for the year ending August 31, 2000
-for the year ending August 31, 1999
-for the year ending August 31, 1998
|
Tomball ISD has also received a AA+ rating with Standard & Poor's and an Aa1 rating with Moody's. In Texas, only 16 districts have received a AA+ rating with S&P out of 1,022 possible school districts.
Moody's Investors Service on November 1, 2018 made the following statement, "The credit position for Tomball ISD is very good. Its Aa1 rating is above the US school districts median of Aa3. Key credit factors include robust financial position, a very strong wealth and income profile, a substantial tax base, a low pension liability, but a very heavy debt burden. The district has a robust financial position, which is slightly favorable relative to the assigned rating of Aa1. Cash balance as a percent of operating revenues (53.7%) is far superior to the US median, and this percentage decreased from 2013 to 2017. Furthermore, Tomball ISD's fund balance as a percent of operating revenues (43.9%) is far above other school districts nationwide."
