News - Press Releases
TUSD Receives Certificate of Excellence in Financial Reporting Award
Posted on: June 11, 2012
The Association of School Business Officials International (ASBO) recently awarded TUSD with the Certificate of Excellence in Financial Reporting award. This award is given to school districts who have have 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.
"This award testifies to the hard work of our finance team," says Yousef Awwad, TUSD's Chief Financial Officer. "The work that is done by our finance team is outstanding and is well recognized by the associations of business officials community in the United States and Canada. Getting this award means that our district exceeded expectations in our financial reporting and met higher standards than other school districts."
The Certificate of Excellence (COE) award confirms the district's Financial Services' 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.
TUSD practices transparency through publishing financial reports and statements and holding community presentations and forums. "The district has been working diligently to ensure transparency," says Mr. Awwad, "and has demonstrated this in many ways including publishing our financial statements, budget, and financial reports on our website and by holding community forums along with participating and presenting in other community organizations such as Voice for Education and SCPC." See the Finance Department's website for the district's financial reports.
Mr. Awwad points out that "this award is testimony to the good work that is happening at TUSD." Transparency in the district's business and financial activities is one of several goals that TUSD has set to continue to improve and achieve even higher standards.
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.