ROSEMOUNT, Minn. -- The District 196 Finance Department has received the Meritorious Budget Award from the Association of School Business Officials (ASBO) International for the 2015-16 budget year. The Meritorious Budget Award program promotes and recognizes excellence in school budget presentation. The award is conferred only on school districts that have met or exceeded the program's stringent criteria, following a rigorous review by professional auditors. Only one other school district in Minnesota (Marshall Public Schools) and fewer than 150 nationwide received the Meritorious Budget Award for the 2015-16 budget year.
"The district's budget document contains excellent spreadsheets, charts and graphs to help the reader fully grasp the data presented," the reviewers commented. "The document provides excellent information to allow the non-financial reader to understand the budgeting process used by the district and includes detailed information about the various funds, the sources of the revenue and the categories of expenditures. This award demonstrates the district's hard work and commitment to fiscal transparency."
The preliminary budget for 2015-16 is available on the Finance Department page of the District 196 website at www.District196.org/Finance, along with budgets and finance documents for the previous nine years.
The District 196 Finance Department has also received ASBO's Certificate of Excellence in Financial Reporting for 13 years in a row for the preparation and issuance of the comprehensive annual financial report.