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Bond at Work Financials

bond at work financials
 

Comal ISD Purchasing Process

 

Comal ISD recently undertook a number of changes in its procurement processes, with the goal of improving the district’s financial accountability and transparency as Bond funds are allocated and utilized. This started by ensuring that all district purchases are in line with Board policy and procurement laws.

 

The District revised its operating procedures and implemented a revised bid evaluation process to ensure independent scoring by committee members. This change requires staff to provide instructions to each evaluator, thus creating a fair system for evaluating bids.

 

In addition, a bid tracking process was implemented, again with the goal of ensuring that all district commitments that reach financial thresholds are in compliance with Board policy.

 

Finally, the district encouraged community member involvement through the establishment of a Business Advisory, which is tasked with helping create awareness of information and services within the district. The district also implemented a fraud hotline, ensuring that any accusations of fraud are investigated and addressed.