SPS Receives Certificate of Excellence in Financial Reporting
AUGUST 19, 2019 - Shakopee Public Schools has received ASBO’s Certificate of Excellence in Financial Reporting for the fiscal year ended 2018. This award represents a significant achievement and reflects our commitment to transparency and high-quality financial reporting.
Our district earned the Certificate of Excellence for our Comprehensive Annual Financial Report (CAFR) for the fiscal year ended 2018.
“The COE’s mission is to promote and recognize excellence in financial reporting, specifically through a district’s CAFR,” ASBO International Executive Director David Lewis says. “The CAFR 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 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.