For the second consecutive year, Canutillo ISD was awarded the Certificate of Excellence in Financial Reporting (COE) by the Association of School Business Officials International (ASBO).
“This award recognizes the excellent reporting by our dedicated finance staff,” Canutillo ISD Chief Financial Officer Martha Piekarski said. “The report informs our stakeholders about the healthy financial state of the district, making it an important tool for displaying transparency, building trust, and engaging with the community.”
ASBO International’s COE recognizes districts that have met the program’s high standards for financial reporting and accountability. CISD earned the Certificate of Excellence for its Comprehensive Annual Financial Report (CAFR) for the 2017 fiscal year.
The District was recognized for the demonstration of their commitment to financial transparency. The CAFR is reviewed 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.
Canutillo ISD is proposing a balanced budget for the 2018-19 school year. And, the Canutillo ISD Board of Trustees recently approved an increase of the starting pay for teachers to $50,000 including a 2 percent general pay increases for all employees.