The Association of School Business Officials International (ASBO) has Toledo City 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 school district earned the Certificate of Excellence for its Annual Comprehensive Financial Report (ACFR) for the fiscal year ended 2023.
“For over half a century, ASBO International’s Certificate of Excellence in Financial Reporting has been the gold standard in promoting and recognizing excellence in financial reporting,” according to ASBO International Executive Director Jim Rowan, CAE, SFO. “Communicating the financial and economic state of a district is so important when engaging with the school community and building their trust. Districts that receive the COE Award have demonstrated their ability to do that at the highest level.”
By participating in the COE program, school districts demonstrate their commitment to financial transparency. Applicants submit their ACFR 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.
Learn more about ASBO
Photo from left to right:
Polly Gerken Taylor- TPS Board Member
Chris Varwig-TPS Board Member
Bob Vasquez-TPS Board Vice President
Randall Parker-TPS Board President
Ryan Stechschulte-TPS Treasurer/CFO
Sheena Barnes-TPS Board Member
Dr. Romules Durant-TPS CEO/Superintendent