Financial Transparency Award Given To Avon Lake Schools

AVON LAKE, OH — The Avon Lake Schools received a certificate of excellence in financial reporting from the Association of School Business Officials International. The award recognizes districts that meet the program's high standards for financial reporting and accountability.

“The certificate of excellence's mission is to promote and recognize excellence in financial reporting, specifically through a district’s comprehensive annual financial report,” the Association's Executive Director David Lewis said. “The financial report 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.”

The certificate of excellence was awarded for Avon Lake Schools' annual financial report for fiscal year 2018.

The certificate of excellence program promotes financial transparency among school districts. To qualify for the award, districts must submit their financial report for review by a team of professional auditors, who then provide feedback for future documents. If the financial report meets the requirements of the program, the document could receive the certificate of excellence.

Participation in the program can facilitate bond rating and continuing bond disclosure processes.