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Shakopee Public Schools Awarded for Outstanding Financial Reporting

For Immediate Release: August 3, 2021

Shakopee Public Schools Awarded for Outstanding Financial Reporting

District Awarded ASBO International’s Certificate of Excellence in Financial Reporting Award for FY2020 

The Association of School Business Officials International (ASBO) recently awarded Shakopee Public Schools the Certificate of Excellence in Financial Reporting (COE). ASBO International’s COE recognizes districts that have met the program’s high standards for financial reporting and transparency. The District earned the Certificate of Excellence for its Comprehensive Annual Financial Report for the fiscal year ended 2020. Shakopee Public Schools is one of 32 school districts in Minnesota to receive this award. 

“The COE’s mission is to promote and recognize excellence in financial reporting,” ASBO International Executive Director David Lewis says. “The Comprehensive Annual 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.”

Bill Menozzi, Shakopee Public Schools Finance Director, has been with the District since January 2020 and presently leads financial reporting efforts. Menozzi also actively participates in community forums, school board meetings and the citizens finance committee to continually ensure alignment on District finances.

“Financial transparency and accountability are critical elements in any school district, but are especially important in our community. Our participation in the COE program serves as a testament to our commitment to transparency and high-quality financial reporting,” states Shakopee Public Schools Superintendent, Mike Redmond.

Applicants for the COE program submit their report for review by a team of financial professionals who provide feedback to improve future documents. If the report meets the requirements of the program, it 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.

Additional information on the District Finance’s can be found online here.

 

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