WCASD Recognized for Outstanding Financial Reporting
The Association of School Business Officials International (ASBO) is pleased to award West Chester Area School District 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 school district earned the Certificate of Excellence for its Comprehensive Annual Financial Report for the fiscal year ended 2020.
“Our school board has established fiscal goals each year for the past six years, and our business office has done an excellent job carrying out those goals to ensure that the dollars we allocate are going directly into programs and services to support students,” said Jim Scanlon, superintendent.
“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.”
By participating in the COE program, school districts demonstrate their commitment to financial transparency. Applicants 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.