The Dubuque Community School District was recently awarded a Certificate of Excellence in Financial Reporting from the Association of School Business Officials International (ASBO) for having met or exceeded the program’s high standards for financial reporting and accountability. The award is for the district’s Comprehensive Annual Financial Report (CAFR) for the fiscal year ending in 2020.
This is the 12th consecutive year the district has received this honor.
“We are committed to responsibly using and reporting on the financial resources that we are entrusted with,” said Kevin Kelleher, chief financial officer for the Dubuque Community Schools. “Our annual financial report is one tool in doing so and we hope our Certificate of Excellence helps assure taxpayers of our commitment to the highest standards of financial management.”
Each year, the Dubuque Community School District manages an overall budget of approximately $160 million. The Certificate of Excellence award confirms the district business office’s commitment to financial accountability and transparency. By participating in the Certificate of Excellence Program, school districts submit their CAFR for review by a team of financial professionals who provide feedback to improve future documents. According to ASBO, recognition in the Certificate of Excellence program can facilitate bond rating and continuing bond disclosure processes.
The recognition program is presented by the Association of School Business Officials International and is sponsored by American Fidelity, provider of cost-savings solutions and supplemental insurance benefits.
The Association of School Business Officials International is a non-profit that, through its members and affiliates, represents approximately 30,000 school business professionals worldwide. It provides programs and services to promote the highest standards in school business. Its members support student achievement through effective resource management in various areas ranging from finance and operations to food services and transportation.