RESTON, Va. - For its commitment to financial transparency and its Comprehensive Annual Financial Report (CAFR), Tomball ISD was awarded the Certificate of Excellence in Financial Reporting (COE) for the fiscal year ending in 2017, announced by the Association of School Business Officials (ASBO).
ASBO International COE recognizes districts that have met the program’s high standards for financial reporting and accountability. Tomball ISD has been awarded this honor for 20 straight years.
“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 parents and other 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.”
By participating in the COE program, school districts demonstrate their commitment to financial transparency. Applicants submit their CAFR for review 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.
“Tomball ISD is committed to significantly higher standards in financial reporting and we pride ourselves on demonstrating excellence in everything we do,” Dr. Martha Salazar-Zamora, Superintendent of Schools. “Being honored by ASBO once again shows that our team has continued to showcase transparency while building trust within our community on the economic state of the district.”
The COE is proudly sponsored by ASBO International Strategic Partner VALIC, a division of the American International Group, Inc. (AIG). Learn more about ASBO’s COE program at asbointl.org/COE.
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 promote 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.
Credit: Association of School Business Officials International with details
About Tomball Independent School District
Tomball ISD educates students to become responsible, productive citizens by providing innovative, individually rigorous, and personally valuable educational experiences. Founded in 1908, Tomball ISD now encompasses 83 square miles in northwest Harris County and southwest Montgomery County, and is located approximately 30 miles from downtown Houston. The district currently educates over 16,000 students at 20 campuses.