SAISD Receives Certificate of Excellence Award for Financial Reporting
May 10, 2018
San Angelo Independent School District has been awarded the Association of School Business Officials (ASBO) International's Certificate of Excellence in Financial Reporting for having met the program's high standards for financial reporting and accountability.
The Certificate of Excellence (COE) award confirms the school business office’s commitment to financial accountability and transparency.
The district was recognized for its Comprehensive Annual Financial Report (CAFR) for the fiscal year ending 2017. This marks the thirteenth year in a row that San Angelo ISD has received this award.
“The COE’s mission is to promote and recognize excellence in financial reporting, specifically through a district’s CAFR,” ASBO International Executive Director John Musso says. “The CAFR informs parents and other stakeholders about the financial and economic state of the district, making it an important communications tool for building trust and engaging with the school community.”
By participating in the COE program, school districts demonstrate their commitment to financial transparency. Applicants submit their CAFR for review by a team of professional auditors, who provide feedback to improve future documents. If the CAFR meets the requirements of the program, the document may receive the Certificate of Excellence. A district’s participation in the COE program can facilitate bond rating and continuing bond disclosure processes.
Founded in 1910, ASBO is a nonprofit organization that, through its members and affiliates, represents approximately 30,000 school business professionals worldwide. ASBO International is committed to providing programs, services, and a global network that promote the highest standards in school business.
The COE is proudly sponsored by ASBO International Strategic Partner VALIC, a division of the American International Group, Inc. (AIG). Learn more about ASBO’s COE program at asbointl.org/COE.