Chagrin Falls Schools earned the Certificate of Excellence in Financial Reporting (COE) for its Annual Comprehensive Financial Report (ACFR) for the fiscal year ended 2022. The award was given by The Association of School Business Officials International (ASBO). This is the ninth time the District has been recognized with this award.
“This Certificate of Excellence’s mission is to promote and recognize excellence in financial reporting,” said ASBO International Chief Operations Officer/Interim Executive Director Siobhan McMahon. “The Annual Comprehensive 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.”
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.