Galena Park ISD takes transparency seriously. The Accounting Department is responsible for preparing financial reports that promote financial transparency and accountability.

 

Financial Summary

The following summary data is from the Government Fund Statements in the District's Comprehensive Annual Financial Report for the year ended August 31, 2016. Governmental Funds include the District's primary operating fund, i.e. General Fund, Special Revenue Fund for various grants. Debt Service Fund for the payment of interest and principal on all bonds, and Capital Projects Fund to account for the expenditures of bond proceeeds.

 

GPISD Financial Summary

 

Revenue Per Student

 

Expenditures Per Student

 

Tax Rate Trend

 

Full-time Equivalent Employees

 

Comprehensive Annual Financial Reports (CAFR)

The Comprehensive Annual Financial Report (CAFR) consists of management’s representations concerning the finances of the District. The annual financial statements, presented in conformity with generally accepted accounting principles, have been audited by licensed certified public accountants.

Galena Park ISD has received the Association of School Business Officials International (ASBO) Certificate of Excellence in Financial Reporting for the 14-15 fiscal year. GPISD is in a group of 141 districts in the U.S. and Canada and in a group of only 20 districts in Texas who have received this award for 25 years or more.

The award is given once a team of reviewers finds that the applicant's Comprehensive Annual Financial Report (CAFR) has met or exceeded the criteria on the certificate of excellence checklist for high quality, transparency, and fiscal integrity.

Galena Park ISD also participates in the Government Finance Officers Association's Certificate of Achievement for Excellence in Financial program.  Galena Park ISD has received the Certificate of Achievement for Excellence in Financial Reporting Award for the past 28 years.

 

Links to Financial Reports

  • Links to Financial Reports