College earns award for excellence in financial reporting for fourth consecutive year
For the fourth consecutive year, South Texas College was awarded the Certificate of Achievement for Excellence in Financial Reporting by the Government Finance Officers Association of the United States and Canada (GFOA) for its comprehensive annual financial report (CAFR). The award was presented to the college at its December Board of Trustees meeting.
“We really appreciate the dedication and hard work of our team here at South Texas College,” said Manuel Benavidez Jr., member of the STC Board of Trustees. “We have a strong group of finance managers that hold us all accountable to very high standards and I know that the community, who helps fund this institution, will be glad to know that you are doing such fine work to safeguard the appropriate use of their monies. This recognition reflects very highly on the quality of the team that we have built at STC.”
The CAFR program, established in 1945, is designed to recognize and encourage excellence in financial reporting by state and local governments. More than 68 percent of all cities and 46 percent of all counties with populations in excess of 50,000 participate in the program, as well as 42 state governments.
“This is the highest form of recognition in governmental accounting and financial reporting, bearing witness to our commitment to excellence and accountability,” said Diana Pena, vice president for finance and administrative services for STC. “We are servants of the community, acting as guardians of their monies to support higher education needs in Hidalgo and Starr counties and we take that obligation very seriously. Earning this award for the fourth straight year demonstrates quality reporting and a significant achievement for the college and its management.”
South Texas College earns financial reporting award from North American government group for fourth consecutive year. From left are Ruben Moreno, CPA and partner with Long Chilton, LLP of McAllen; Diana Pena, vice president for finance and administrative services for STC; Irene Garcia, chair of the South Texas College Board of Trustees; and Mary Elizondo, STC Business Office comptroller.