The good news? The Dallas ISD is on firm financial footing. The not-so-great news, but with a silver lining? The chief financial officer brought in to correct course feels confident enough to retire — again.
Dallas ISD CFO Larry Throm lead the board through the district’s financial report during the Dec. 13 board meeting. After his presentation, Superintendent Michael Hinojosa surprised those gathered with the announcement that Throm would retire.
“Larry has done a phenomenal job in this district and we are set for the next five years thanks to his work,” Hinojosa said.
Throm was hired in 2017, but not for the first time. He was also the district’s CFO during Hinojosa’s first tenure as superintendent. Hinojosa came back after the departure of Mike Miles, and in 2017 convinced Throm to leave retired life and come back to the district.
And how well did he do? Under Throm’s second tenure, the district met board policy of having two months of unassigned fund balance for the first time since June 2013. Throm told the board that night. The five-year financial forecast shows the district is on firm footing for the foreseeable future, too. (more…)