District 196 earned the Certificate of Excellence in Financial Reporting from the Association of School Business Officials International (ASBO) for the 21st year in a row. This year’s recognition is for preparation and issuance of the district’s Comprehensive Annual Financial Report for fiscal year 2022.
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 Interim Executive Director Siobhan McMahon said in a release announcing Certificate of Excellence recipients.
The district’s Comprehensive Annual Financial Report for fiscal year 2022 is available on the Finance Department page 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 Christopher Onyango-Robshaw. “Spanning the roles from vendor relations, to employee data, to state and federal reporting, there’s a commitment to integrity in our financial practices.”
District 196 has also received ASBO’s Meritorious Budget Award the past eight years for excellence in preparing and communicating the annual district budget, which totals more than $600 million this year. With more than 30,000 students pre-K through adult education, District 196 is the third largest school district in Minnesota.