The Association of School Business Officials International (ASBO) is pleased to award Community Consolidated School District 181 the Certificate of Excellence in Financial Reporting (COE). District 181 earned the Certificate of Excellence for its FY2020 Comprehensive Annual Financial Report (CAFR). This is the District's 17th consecutive year receiving this honor.
ASBO International's COE recognizes districts that have met the program's high standards for financial reporting and transparency.
"The COE's mission is to promote and recognize excellence in financial reporting, specifically through a district's CAFR," ASBO International Executive Director David Lewis says. "The CAFR 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 CAFR for review by a team of financial professionals, 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.