Round Lake Area Schools has earned the Certificate of Excellence in Financial Reporting Award from the Association of School Business Officials (ASBO) International for the fiscal year ended 2020! This is the 8th year that our District has been recognized for this award. This award represents a significant achievement and reflects the District's commitment to transparency and high-quality financial reporting.
Thank you to Dr. Kibbons, the Business Offie team and our Board of Education members for your support in this area.
Round Lake Area Schools joins a small sampling of Districts across the State of Illinois that have achieved the distinguished Meritorious Budget Award, provided by the Association of School Business Officials International. The MBA recognizes school districts in the United States and Canada for excellence in school budget presentation, setting a high standard for transparent budget development.
RLAS-116 was awarded the first step toward this award, Pathway to the Meritorious Budget Award, in 2016-17. In 2017-18 and 2018-19 RLAS-116 earned the Meritorious Budget Award. Just 16 school districts in Illinois earned the prestigious designation of the Meritorious Budget Award in 2017-18!
To learn more about the Meritorious Budget Award, access http://asbointl.org/awards-career-development/meritorious-budget-award-pathway-to-the-mba.
The Association of School Business Officials International awards RLAS-116 with the Certificate of Excellence in Financial Reporting; recognizing school districts for excellence and best practices in financial reporting. This is the 5th consecutive year for this award!
Earning the nationally recognized Certificate of Excellence: 1) shows your community that your district is credible and committed to fiscal integrity; 2) helps the district achieve a better bond rating from credit evaluations by clearly disclosing all requited information; and 3) demonstrates the district's transparency as it shares financial information above and beyond what GAAP requires.
To learn more about the Certificate of Excellence in Financial Reporting, visit https://asbointl.org/awards-career-development/certificate-of-excellence-in-financial-reporting.