District recognized for comprehensive budget presentation, 6th year in row

The Association of School Business Officials International (ASBO) is proud to recognize McAllen Independent School District for excellence in budget presentation with the Meritorious Budget Award (MBA)for the 2020–21budget year.

This is the sixth straight year McAllen ISD has been recognized for its comprehensive budget presentation. The award has come from the ASBO the past four years while the district had previously received the Distinguished Budget Presentation Award by the Government Finance Officers Association for the two prior years.

ASBO International’s MBA and Pathway to the MBA promote and recognize best budget presentation practices in school districts.

Participants submit their applications and budget documents to a panel of school financial professionals who review the materials for compliance with the MBA Criteria Checklist and other requirements and provide expert feedback that districts can use to improve their budget documents. Districts that successfully demonstrate they have met the necessary program requirements may earn either the MBA or Pathway to the MBA, an introductory program that allows districts to ease into full MBA compliance.

“Districts that apply to the MBA or Pathway to the MBA programs recognize the importance of presenting a high-quality, easy-to-understand budget internally and to the community,” ASBO International Executive Director David J. Lewis said. “By participating in the programs, not only do districts have access to the tools and resources they need to communicate the district’s goals and objectives clearly, they demonstrate their commitment to upholding nationally recognized budget presentation standards.”

The MBA and Pathway to the MBA are sponsored by ASBO International Strategic Partner Voya Financial®. Learn more about the program at www.asbointl.org/MBA.

McAllen ISD has won several major awards in recent years for its sound fiscal practices. These include:

The Certificate of Achievement in Excellence in Financial Reporting by Government Finance Officers Association of the United States and Canada (GFOA) for its comprehensive annual financial report (CAFR) for the ninth consecutive year. The Certificate of Achievement is the highest form of recognition in governmental accounting and financial reporting and its attainment represents a significant accomplishment by a government and its management.

Earning the state’s highest mark by TEA’s School FIRST (Financial Integrity Rating System of Texas), 17 times in 18 years with a perfect score in the last nine years.

Maintaining a high credit rating from a major credit-rating service (Moody’s).

Earned Transparency Stars from the Texas Comptroller of Public Accounts in Debt Obligations for exemplary efforts in creating financial transparency around public debt and the Transparency Star in the area of traditional finances for exemplary efforts in creating financial transparency around public services and spending decisions.

Awarded the Achievement of Excellence in Procurement (AEP) for six straight years from the National Procurement Institute, Inc. 

About ASBO International: Founded in 1910, the Association of School Business Officials International (ASBO) is a nonprofit organization that, through its members and affiliates, represents approximately 30,000 school business professionals worldwide. ASBO International is committed to providing programs, services, and a global network that promote the highest standards in school business. Its members support student achievement through effective resource management in various areas ranging from finance and operations to food services and transportation. Learn more at www.asbointl.org.

About Voya Financial®: Voya Financial, Inc. (NYSE: VOYA), helps Americans plan, invest and protect their savings —to get ready to retire better. Serving the financial needs of approximately 13.8 million individual and institutional customers in the United States, Voya is a Fortune 500 company that had $7.5 billion in revenue in 2019. The company had $538 billion in total assets under management and administration as of March 31, 2020. With a clear mission to make a secure financial future possible —one person, one family, one institution at a time —Voya’s vision is to be America’s Retirement Company®. Certified as a “Great Place to Work” by the Great Place to Work® Institute, Voya is equally committed to conducting business in a way that is socially, environmentally, economically and ethically responsible. Voya has been recognized as a 2020 World’s Most Admired Company by Fortune magazine; one of the 2020 World’s Most Ethical Companies® by the Ethisphere Institute; as a member of the Bloomberg Gender Equality Index; and as a “Best Place to Work for Disability Inclusion” on the Disability Equality Index by Disability: For more information, visit www.voya.com. Follow Voya Financial on Facebook, LinkedIn and Twitter @Voya.