Outstanding Financial Reporting
CISD Awarded for Outstanding Financial Reporting for the third consecutive year
Posted on 04/18/2019
This is the image for the news article titled CISD Awarded for Outstanding Financial Reporting for the third consecutive yearThe Association of School Business Officials International (ASBO) is pleased to award Canutillo Independent School District with the Certificate of Excellence in Financial Reporting (COE) for the third consecutive year.

“By participating in the COE program for the past 3 years, we demonstrate our commitment to financial transparency and high-quality financial reporting,” Chief Business Officer Martha Piekarski says.

ASBO International’s COE recognizes districts that have met the program’s high standards for financial reporting and accountability. The school district earned the Certificate of Excellence for its Comprehensive Annual Financial Report (CAFR) for the fiscal year that ended 2018.

“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 says.“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.”

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.