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DCSD Awarded for Transparency

CASTLE ROCK – The Government Finance Officers Association of the United States and Canada (GFOA) awarded a Certificate of Achievement for Excellence in Financial Reporting to Douglas County School District for its comprehensive financial report (CAFR).
"This award underscores our continued effort to keep the District transparent so that our parents, students and teachers can be involved as much as possible," said DCSD Board of Education member Doug Benevento.
According to the GFOA, the award "is the highest form of recognition in the area of governmental accounting and financial reporting, and its attainment represents a significant accomplishment by a government and its management."  An impartial panel judged the CAFR and determined that it met the "high standards of the program including demonstrating a constructive 'spirit of full disclosure' to clearly communicate its financial story and motivate potential users and use groups to read the CAFR."
“This is a big accomplishment for the District and its professional financial staff,” said Benevento.  “Any institution that handles taxpayer dollars needs to be transparent and accountable.  The Board will continue to work with parents, teachers, administrators and other taxpayers towards that goal.”
This award falls on the heels of praise after the Sunshine Review graded DCSD's overall transparency with an "A-" in March 2013 (link).  The District made large strides in communications such as posting all financial information online; building a budget facts web page; uploading the audio of all Board of Education meetings; and increased communication both internally and externally.
GFOA is a nonprofit professional association serving approximately 17,500 government finance professionals nationally.
October 22, 2013 | By Anonymous | Category: Financial Services

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