St. Vrain Valley Schools has been honored with the Association of School Business Officials International (ASBO) Certificate of Excellence in Financial Reporting (COE) for the 20th consecutive year. This award recognizes school districts that meet high standards for financial reporting and transparency. St. Vrain Valley Schools earned this distinction for its Annual Comprehensive Financial Report (ACFR) for the fiscal year ending in 2023.
“For over half a century, ASBO International’s Certificate of Excellence in Financial Reporting has been the gold standard in promoting and recognizing excellence in financial reporting,” said ASBO International Executive Director Jim Rowan. “Communicating the financial and economic state of a district is crucial for engaging with the school community and building their trust. Districts that receive the COE Award have demonstrated their ability to do that at the highest level.”
By participating in the COE program, school districts show their commitment to financial transparency. Applicants submit their ACFR for review by financial professionals who provide feedback to enhance future reports. If the report meets the program’s standards, it receives the Certificate of Excellence. Participation in the COE program can also support bond rating and continuing bond disclosure processes.
“Achieving the Certificate of Excellence in Financial Reporting for the 20th consecutive year speaks volumes about our district’s commitment to transparency and sound financial practices,” said St. Vrain’s Executive Director of Budget and Finance Tony Whiteley. “It highlights the hard work and dedication of our financial team, as well as the collaborative spirit among staff across all schools and departments throughout the district.”