Sunday, May 19, 2024
Sunday, May 19, 2024

LPSS Awarded for Outstanding Financial Reporting

Submitted by the Lafayette Parish School System

LAFAYETTE PARISH, LA (Apr. 15, 2024) – The Association of School Business Officials International (ASBO) has awarded the Lafayette Parish School System (LPSS) 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 transparency.

The school district earned the Certificate of Excellence for its Annual Comprehensive Financial Report (ACFR) for the fiscal year ended 2023. This is LPSS’s 31st consecutive year to receive this award.

“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,” according to 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.”

“This award highlights the dedication we have towards our profession. Because of strategic planning and frequent training, I am proud that we are able to continue this legacy of accounting standards that ties into our financial reporting,” says Director of Finance Anthony Mouton.

The ACFR was presented to the Lafayette Parish School Board by its auditors Kolder, Slaven, & Company, LLC. during its workshop on Wednesday. By participating in the COE program, school districts demonstrate their commitment to financial transparency. Applicants submit their ACFR for review by a team of financial professionals who provide feedback to improve future documents. If the report meets the requirements of the program, it may receive the Certificate of Excellence. A district’s participation in the COE program can facilitate bond rating and continuing bond disclosure processes.

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 promotes 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.

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