Duval County Public Schools Recognized For Transparency In Financial Reporting

From the Duval County Public Schools:

May 4, 2021

For the 20th year in a row, Duval County Public Schools has been awarded the Certificate of Excellence in Financial Reporting (COE) by the Association of School Business Officials International (ASBO) for demonstrating transparent and high-quality financial reporting.

The COE is considered the gold standard in annual financial reporting. The district received its most recent COE based on the review of its Comprehensive Annual Financial Report (CAFR) for the fiscal year ending in June 30, 2020.

Award winners must meet more than 40 fiscal standards to earn the COE. A team of financial professionals reviewed detailed statements reflecting the district’s summary of revenues, expenses and changes in fund balances, ratios of outstanding debt, and statements of cash flow to determine if award criteria was met.

“Although participation in the review process is voluntary, submitting our report for outside review shows the community at large that we are committed to providing financial transparency and to being good stewards of the tax dollars they have entrusted to us,” said Michelle Begley, Chief Financial Officer for the district.

Current and past copies of the district’s Annual Comprehensive Financial Reports, from 2007- 2020, can be viewed on our website here. To learn more about the Certificate of Excellence in Financial Reporting and the Association of Business Officials International, visit their website.

This press release was produced by the Duval County Public Schools. The views expressed are the author's own.