Midd State News

Middletown City School District Awarded for Outstanding Financial Reporting

Posted on: February 12, 2019
Pictured: Randy Bertram, Treasurer at Middletown City Schools

Pictured: Randy Bertram, Treasurer at Middletown City Schools

The Association of School Business Officials International (ASBO) is pleased to award Middletown City School District (MCSD) with the Certificate of Excellence in Financial Reporting (COE). ASBO International’s COE recognizes districts that have met the program’s high standards for financial reporting and accountability. Middletown Schools earned the Certificate of Excellence for its Comprehensive Annual Financial Report (CAFR) for the fiscal year ended 2018.  

“The Certificate of Excellence in Financial Reporting is evidence of the hard work and attention to detail that is apparent in everything we do as a district. I appreciate everyone's efforts to make sure the Middletown City School District meets the high standards set by our team and outside groups, all while staying focused on our true purpose: Giving children an education that Inspires, Unites, and Transforms,” said Randy Bertram, MCSD Treasurer.

By participating in the COE program, school districts demonstrate their commitment to financial transparency. Applicants submit their CAFR for review by a team of professional auditors, who provide feedback to improve future documents. If the CAFR meets the requirements of the program, the document may receive the Certificate of Excellence. A district’s participation in the COE program can facilitate bond rating and continuing bond disclosure processes.

“The COE’s mission is to promote and recognize excellence in financial reporting, specifically through a district’s CAFR,” ASBO International Executive Director John Musso says. “The CAFR informs parents and other 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 COE is proudly sponsored by ASBO International Strategic Partner American Fidelity.

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Related:

Middletown City School District Receives Auditor of State Award with Distinction

 

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About ASBO International

Founded in 1910, the Association of School Business Officials International (ASBO) is a nonprofit organization that, through its members and affiliates, represents approximately 30,000 school business professionals worldwide. ASBO International is committed to providing programs, services, and a global network that promote the highest standards in school business. Its members support student achievement through effective resource management in various areas ranging from finance and operations to food services and transportation. Learn more at asbointl.org

About American Fidelity

American Fidelity provides employer cost-savings solutions and supplemental insurance benefits to specific industries. Acting as an extension of the HR department, we educate, enroll, and support the development of robust, competitive insurance packages—all while ensuring seamless administration and employee satisfaction. As experts in employer benefit solutions, our salaried account managers deliver year-round support, help employers overcome benefit administrative challenges, and always offer a different perspective – a different opinion.