J.O. Combs Unified School District Awarded for Outstanding Financial Reporting
SAN TAN VALLEY, ARIZ. - The J.O. Combs Unified School District is proud to receive global recognition for two financial reporting distinctions from the Association of School Business Officials (ASBO) International and the Government Finance Officers Association of the United States and Canada (GFOA).
This marks the ninth year that the Combs Business Services Department has been awarded the Certificate of Excellence in Financial Reporting (COE) from ASBO for its Comprehensive Annual Financial Report (CAFR) for the fiscal year ending 2019. The CAFR outlines the district's financial position and operating activities each year, and by participating in the COE program, school districts demonstrate their commitment to financial transparency.
"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
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.”
Combs has also received the Certificate of Achievement for Excellence in Financial Reporting for its CAFR from the GFOA. This is the seventh year that the district has received this prestigious national award, which represents the highest form of recognition in the area of governmental accounting and financial reporting.
In order to be awarded a Certificate of Achievement, a government unit must publish an easily readable and efficiently organized comprehensive annual financial report, whose contents conform to program standards. Such CAFR must satisfy both generally accepted accounting principles and applicable legal requirements.
"These prestigious awards are a fantastic demonstration of our organization's commitment to transparency and fiscal responsibility," says Business Services Director, Karla Slovitsky. "I am proud that we continue to meet the highest financial reporting standards, and that by doing so we are able to provide the best experience for our students."
District Superintendent Dr. Greg Wyman will recognize these achievements at an upcoming Governing Board meeting where he will present both awards to District staff.
The J.O. Combs Unified School District prepares these financial reports annually to responsibly demonstrate where its money comes from and how it is spent. To view these reports, click here.
For questions or additional information about the J.O. Combs Unified School District, please visit www.jocombs.org or call (480) 987-5300.