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Orange Awarded for Outstanding Financial Reporting

Posted Date: 04/06/2023

Orange Awarded for Outstanding Financial ReportingThe Association of School Business Officials International (ASBO) recently awarded the Orange City School District with the Certificate of Excellence in Financial Reporting (COE). This award recognizes districts that have met the program’s high standards for financial reporting and transparency. The school district earned the Certificate of Excellence for its Annual Comprehensive Financial Report (ACFR) for the fiscal year ending 2022.

“The COE’s mission is to promote and recognize excellence in financial reporting,” ASBO International Chief Operations Officer/Interim Executive Director Siobhan McMahon says. “The Annual Comprehensive 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 ACFR 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.

In addition, the Ohio ASBO chapter awarded a $1,000 scholarship in recognition of Orange Schools Treasurer Todd Puster’s service on its Board of Directors. The scholarship will be presented to a graduating senior at Orange High School this year, and for at least two more years

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. Its members support student achievement through effective resource management in various areas ranging from finance and operations to food services and transportation.