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Osseo Area Schools recognized for excellence in financial reporting

Osseo Area Schools was awarded the Certificate of Excellence in Financial Reporting (COE) by the Association of School Business Officials International (ASBO) for fiscal year 2021. This is the 32nd consecutive year the district has received this award, which is a testament to the district’s commitment to transparency and high-quality financial reporting. 

“The COE’s mission is to promote and recognize excellence in financial reporting,” ASBO International Executive Director David Lewis said. “The Annual Comprehensive Financial Report (ACFR) informs stakeholders about the financial and economic state of the district, making it an important communications tool for building trust and engaging with the school community.”

To participate, school districts 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 COE. A district’s participation in the COE program can facilitate bond rating and continuing bond disclosure processes.

For more information on the COE, visit the ASBO website.