Lone Star College undergoes annual operational reviews to provide a transparent look into its financial situation. LSC recently received the Government Finance Officers Association (GFOA) Budget Presentation Award for how well the college manages and communicates its budget to stakeholders and the public.
“Receiving this award demonstrates that Lone Star College has followed best practices in budgeting for a governmental entity,” said Kristy Vienne, Ed.D., LSC vice chancellor, Finance and Administration. “A great deal of work goes into the budget development behind the scenes and it’s great to receive an award that recognizes our hard work and accomplishments.”
GFOA established the Distinguished Budget Presentation Award in 1984 to help state and local governments prepare budget documents that reflect both the guidelines established by the National Advisory Council on State and Local Budgeting and the GFOA's best practices on budgeting. LSC earned the GFOA award in fiscal years 2022, 2023 and now 2024. Additionally, the college also received a clean audit for the Annual Comprehensive Financial Report.
“Audits are normally thought of with a negative connotation, but I always encourage our teams to look at it as having a fresh set of eyes on our internal practices to evaluate how we improve our accounting and budgeting practices,” said Vienne. “Successful results show that Lone Star College’s financial practices are sound, aboveboard and transparent to all stakeholders.”
LSC Financial Operations and Facilities provides financial and facilities leadership for over 20 locations. The division oversees construction and facilities, budgeting and planning, accounting and financial reporting, payroll, auxiliary services and procurement for the college.
Lone Star College enrolls over 80,000 students each semester providing high-quality, low-cost academic transfer and career training education. LSC is training tomorrow’s workforce today and redefining the community college experience to support student success. Mario K. Castillo, J.D., serves as Chancellor of LSC, the largest institution of higher education in the Houston area. LSC has been named a 2023 Great Colleges to Work For® institution by the Chronicle of Higher Education and recognized by Fortune Magazine and Great Place To Work® as one of this year’s Best Workplaces in Texas™. LSC consists of eight colleges, seven centers, eight Workforce Centers of Excellence and Lone Star Corporate College. To learn more, visit LoneStar.edu.