Johnston School District Receives Award For Excellence in Financial Reporting

recently received the Association of School Business Officials International’s (ASBO) Certificate of Excellence in Financial Reporting award for having met or exceeded the program’s high standards for financial reporting and accountability.

The district was recognized for its Comprehensive Annual Financial Report for the fiscal year ending 2011.

Sponsored by VALIC, the Certificate of Excellence (COE) award confirms the school business office’s commitment to financial accountability and transparency. Recognition through the COE program can help strengthen a district’s presentation for bond issuance statements and promotes a high level of financial reporting.

VALIC, a long time supporter of school business, is committed to the K-12 marketplace. VALIC was the first company to enroll a K-12 public school district in a 403(b) plan. More than a half century later, VALIC remains the #1 provider of K-12 403(b) retirement plans in America. With more than $65 billion in total assets, VALIC is an industry leader and currently manages long-term investment programs for nearly 25,000 not-for-profit and for-profit education, healthcare, and public sector organizations—representing more than two million investors—throughout the country.

The Association of School Business Officials International (ASBO), founded in  1910, is a professional association of more than 5,000 members that provides programs and services to promote the highest standards of school business management practices, professional growth, and the effective use of educational resources.

For more information on the COE award, visit ASBO’s Website: www.asbointl.org/COE.