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Lone Star College recognized for excellence in financial reporting

For the 13th consecutive year, Lone Star College was awarded a Certificate of Achievement for Excellence in Financial Reporting for its comprehensive annual financial report (CAFR).

LSC received the recognition from the Government Finance Officers Association of the United States and Canada (GFOA). The Certificate of Achievement is the highest form of recognition in the area of governmental accounting and financial reporting, and its attainment represents a significant accomplishment by a government and its management.

“I am so proud of the great team members we have who work tirelessly to make sure our financial reporting is thorough and contains the spirit of transparency and full disclosure,” said Jennifer Olenick, LSC chief financial officer & vice chancellor, Finance & Administration, Facilities & Construction. “This recognition is a great accomplishment.”

“One of Lone Star College’s core values is to ensure sound financial practices that are accountable to taxpayers and that fairly allocate budget and resources,” said Stephen C. Head, Ph.D., LSC chancellor. “This recognition validates our efforts to maintain rigorous financial procedures.”

The LSC CAFR has been judged by an impartial panel to meet the high standards of the program, which includes demonstrating a constructive “spirit of full disclosure” to clearly communicate its financial story and motivate potential users and user groups to read the CAFR.

The Government Finance Officers Association is a major professional association serving the needs of nearly 19,000 appointed and elected local, state, and provincial-level government officials and other finance practitioners. It provides top quality publications, training programs, services, and products designed to enhance the skills and performance of those responsible for government finance policy and management. The association is headquartered in Chicago with offices in Washington, D.C.

Lone Star College offers high-quality, low-cost academic transfer and career training education to 95,000 students each semester. LSC is training tomorrow’s workforce today and redefining the community college experience to support student success. Stephen C. Head, Ph.D., serves as chancellor of LSC, the largest institution of higher education in the Houston area with an annual economic impact of $3.1 billion. LSC consists of six colleges, eight centers, two university centers, Lone Star Corporate College and LSC-Online. To learn more, visit LoneStar.edu.

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