UCS honored nationally for transparency in financial reporting

For the 13th straight year, Utica Community Schools has earned recognition for meeting a high standard of transparency in reporting financial information.

The school district is among approximately 500 nationally to earn a Certificate of Excellence (COE) in Financial Reporting award for its Annual Comprehensive Financial Report (ACFR) from the Association of School Business Officials (ASBO) International.
The award honors UCS for meeting the program’s high standards for financial reporting.
“This national recognition is an important accountability standard for our taxpayers,” superintendent Robert Monroe said. “It demonstrates our commitment to transparency and ensuring that UCS resources directly support our educational vision, mission and strategic direction.”
By participating in the COE program, school districts demonstrate their commitment to financial transparency. Applicants submit their ACFR for review by a team of professional auditors, who provide feedback to improve future documents. If the ACFR 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.
“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 Jim Rowan, CAE, SFO, Executive Director of ASBO International. “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.”
The district’s 2023-2024 audit is available at this link.

Superintendent Robert S. Monroe

Http://www.uticak12.org

Source: Utica Community Schools