District 192 Earns Certificate of Excellence

District 192 Earns Certificate of Excellence in Financial Reporting
Posted on 05/19/2021
Certificate of Excellence in Financial Reporting     Farmington Area Public Schools, ISD 192, has been awarded the Certificate of Excellence in Financial Reporting (COE) by The Association of School Business Officials International (ASBO) for the fourteenth consecutive year. This certificate recognizes districts that have met the program’s high standards for financial reporting and accountability. The school district earned the Certificate of Excellence for its Comprehensive Annual Financial Report (CAFR) for the fiscal year 2020.
     “The COE’s mission is to promote and recognize excellence in financial reporting,” ASBO International Executive Director David Lewis says. “The Comprehensive Annual Financial Report informs 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 report for review by a team of financial professionals who provide feedback to improve future documents. If the report meets the requirements of the program, it may receive the Certificate of Excellence. A district’s participation in the COE program can facilitate bond rating and continuing bond disclosure processes.