The Association of School Business Officials International (ASBO) has awarded Joliet Township High School its Certificate of Excellence in Financial Reporting (COE) for demonstrating excellence in financial reporting and transparency based on the audit of the district’s Comprehensive Annual Financial Report for the fiscal year ended 2023.  This is the 37^th year of program participation for JTHS, a reflection of the district’s commitment to fiscal integrity and high-quality financial reporting.

“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.”

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.

“Joliet Township High School is committed to fiscal integrity, which includes the objective review of our Comprehensive Annual Financial Report by a team of professional auditors through the COE program,” said Dr. Ilandus Hampton, Assistant Superintendent of Business Services.  “Receiving this award signifies proof of sound fiscal management, which is essential to providing the very best education for all students.”