The Association of School Business Officials International has awarded the Mt. Lebanon School District with the Certificate of Excellence in Financial Reporting. ASBO International's Certificate of Excellence recognizes districts that have met the program's high standards for financial reporting and accountability. The District earned the Certificate of Excellence for its Comprehensive Annual Financial Report for the fiscal year ended 2017. This is the 33rd year the District, under the financial leadership of our Director of Business, Ms. Jan Klein, has been honored with this recognition.
The Comprehensive Annual Financial Report informs parents and other 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 Certificate of Excellence program, school districts demonstrate their commitment to financial transparency. Applicants submit their Comprehensive Annual Financial Report for review by a team of professional auditors. A district's participation in the COE program can facilitate bond rating and continuing bond disclosure processes.
The School Board recognized Ms. Klein at the May 21 School Board meeting and recognized her for her leadership and excellent fiscal oversight of the school district during her tenure as Business Director.