Hopkins Public Schools has received the Certificate of Excellence (COE) in Financial Reporting award from the ASBO (Association of School Business Officials International). The District was recognized for its high-quality Comprehensive Annual Financial Report for the fiscal year ending 2018. This is the ninth consecutive year the District has received the award.
"The COE's mission is to promote and recognize excellence in financial reporting, specifically through a district's CAFR," ASBO International Director of Recognition Programs Molly Barrie said. "The CAFR informs parents and other 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."
CEO awards are awarded to school districts that show a strong commitment to financial accountability and transparency. Receiving the award can help strengthen a district's presentation for bond issuance statements and promotes a high level of financial reporting.
By participating in the COE program, school districts demonstrate their commitment to financial transparency. Applicants submit their CAFR for review by a team of professional auditors, 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.
The COE is proudly sponsored by ASBO International Strategic Partner American Fidelity.
About the Association of School Business Officials International (ASBO): The ASBO was founded and in 1910 and remains a professional association of more than 5,000 members who provide programs and services to promote the highest standards of school business management practices, professional growth, and the effective use of educational resources.