Rdale awarded Certificate of Excellence in Financial Reporting
Rdale awarded Certificate of Excellence in Financial Reporting
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Robbinsdale Area Schools (Rdale) has been awarded the Certificate of Excellence in Financial Reporting (COE) by the Association of School Business Officials International (ASBO). This recognition for the Annual Comprehensive Financial Report, fiscal year ending June 30, 2024, marks the 24th consecutive year that the district has achieved this honor, reflecting its unwavering commitment to financial transparency and high-quality reporting.
“I want to congratulate CFO Hoheisel and her entire team for earning this honor. We are committed to managing the district’s resources wisely and being transparent about its finances,” said Superintendent Dr. Teri Staloch. “Receiving this award year after year is an amazing achievement that highlights our team’s hard work and dedication to financial transparency.”
The district earned the COE for its Annual Comprehensive Financial Report (ACFR), which was evaluated by a team of financial professionals who provided feedback to enhance future documents. The review team praised Rdale for its comprehensive reporting and has encouraged the district to address their comments in preparation for next year's report. The district must include the original comments and its written responses in its next application packet.
“For over half a century, ASBO International’s Certificate of Excellence in Financial Reporting has been the gold standard for promoting and recognizing excellence in financial transparency,” said ASBO International Executive Director Jim Rowan, CAE, SFO. “Clear and accurate financial reporting is crucial for engaging school communities and building their trust. Districts that earn the COE have demonstrated an extraordinary commitment to these principles.”
ASBO International emphasizes that participation in the COE program not only demonstrates a district’s commitment to financial transparency but also can facilitate bond rating and continuing bond disclosure processes.
ASBO is a nonprofit organization that, through its members and affiliates, represents approximately 30,000 school business professionals worldwide.