The Association of School Business Officials International (ASBO) announces that Rockford School District 205 has been awarded the prestigious Certificate of Excellence in Financial Reporting (COE). This honor recognizes school districts that uphold the highest standards of financial reporting and transparency. The school district earned the Certificate of Excellence for its exemplary Annual Comprehensive Financial Report (ACFR) for the fiscal year ending in June 30, 2024.
Participation in the COE program highlights a school district’s dedication to financial accountability. Submitted ACFRs are rigorously reviewed by a panel of experienced financial professionals, who provide constructive feedback to further enhance the quality of future reports. Districts that meet the program’s stringent requirements are awarded the Certificate of Excellence, a distinction that also supports bond rating and continuing bond disclosure processes.
To learn more about the Certificate of Excellence in Financial Reporting program, visit asbointl.org/COE.