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Roma ISD Sees $2 Million Gain in Fund Balance, Bringing It To $30 Million

 

At the Called Meeting on Monday, January 28, 2019 at 5:30 p.m., Roma ISD’s School Board heard from Quinn Anderson, partner with Carr, Riggs & Ingram CPAs & Advisors, who delivered a review of Roma ISD’s independent annual financial and compliance audit from last fiscal year. According to Quinn, the district is in a very strong financial position and the district’s accounting team is doing a great job.

 

“Congratulations to Mr. Alfonso Perez and his team on another terrific financial audit report! We are so happy with the fiscal responsibility the board has seen in the past year,” said Roma ISD School Board President Clarissa B. Alvarez. “We were just delivered the external audit report that shows as of August 2018, Roma ISD was able to save $2 million and add it to our fund balance, bringing our official audited fund balance to $30 million. That is set apart from the monies won in law suits scheduled to fund projects at the Roma ISD Performing Arts Center, Roel & Celia R. Saenz Elementary School and Ramiro Barrera Middle School, which is a separate $9 million in a capital construction fund. We hope to continue this strong financial leadership for our community!” 

 

The district’s financial management team also recently earned a perfect score of 100 for Roma ISD with a rating of “Superior” and a letter grade of an “A” from TEA for the district’s financial performance, also known as the Financial Integrity Rating System of Texas (F.I.R.S.T.).

 

Roma ISD Sees $2 Million Gain in Fund Balance

 

By: Roma ISD Office of Public Relations