The School District of Lancaster is honored to announce that it has received the prestigious Certificate of Excellence in Financial Reporting (COE) from the Association of School Business Officials International (ASBO). This award recognizes districts that achieve the highest standards in financial transparency and accountability. The award was given to the School District of Lancaster for its Annual Comprehensive Financial Report (ACFR) for the fiscal year ended 2023. This marks the 13th consecutive year the district has earned this distinction, reflecting its long-standing commitment to responsible financial stewardship.
“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, CAE, SFO. “Communicating the financial and economic state of a district is so important when 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.”
The Certificate of Excellence represents more than an acknowledgment of financial competence; it underscores the district’s commitment to transparency with the Lancaster community. “This award is a collaborative effort by the entire team and signifies the highest level of financial reporting by the district,” said Kim Reynolds, Director of Finance for the School District of Lancaster. “We are thrilled to receive this distinction again this year and remain committed to upholding the highest standards in financial management.”
Since its founding in 1910, ASBO International has guided school districts to exceed basic financial reporting requirements by preparing annual statements that follow generally accepted accounting principles (GAAP) and issuing a comprehensive financial report for evaluation. This rigorous process strengthens district credibility and fortifies community trust.
This recognition reflects the School District of Lancaster’s steadfast dedication to sound financial management and transparent communication with its community, reinforcing its mission to responsibly allocate resources in support of student achievement and district goals.