Joliet Township High School Awarded for Outstanding Financial Reporting for FY 2021
Last updated 4/13/2022 at 9:14pm
April 6, 2022
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 fiscal year ended 2021. This is the 35th year of program participation for JTHS, a reflection of the district's commitment to fiscal integrity and high-quality financial reporting.
"The Comprehensive Annual Financial Report informs 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," said ASBO International Executive Director David Lewis.
By participating in the COE program, school districts demonstrate their commitment to financial transparency. Applicants submit their Comprehensive Annual Financial Report report 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.
"An important aspect of the district's commitment to financial integrity includes the objective review of our Comprehensive Annual Financial Report by a team of professional auditors," 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, particularly as we face the uncertainty brought on by the pandemic."