For the 20th consecutive year, District 196 has earned the Certificate of Excellence in Financial Reporting from the Association of School Business Officials International (ASBO).
The Certificate of Excellence in Financial Reporting is the highest recognition of school district financial operations offered by ASBO, a professional organization with more than 6,000 members. The program reviews and critiques district accounting practices as represented in the Comprehensive Annual Financial Report, and recognizes school districts that meet or exceed the program’s high standards for financial reporting and accountability.
“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,” ASBO Executive Director David Lewis said in a release announcing Certificate of Excellence recipients.
This year’s award recognizes the preparation and issuance of the district’s Comprehensive Annual Financial Report for fiscal year 2021. The report is available on the Finance Department page of the district website at District196.org, along with financial reports and annual budgets for the current year and previous nine years.
“Every member of our Finance Department played a part in receiving this recognition,” said Director of Finance and Operations Mark Stotts. “I especially want to recognize the leadership of Coordinator of Finance Christopher Onyango-Robshaw, Controller Adam Lloyd and Manager of Financial Systems and Reporting Compliance Danny DuChene.”
District 196 has also received ASBO’s Meritorious Budget Award the past six years for excellence in preparing and communicating the annual district budget, which totals more than $550 million this year.