White Bear Lake Area Schools recently received the Government Finance Officers Association’s (GFOA) Certificate of Achievement for Excellence in Financial Reporting. The district also recently received the Excellence in Financial Reporting Award from the Association of School Business Officials (ASBO). These two awards are the highest form of recognition a governmental agency can receive and represent a significant accomplishment for the finance department and its staff. This year’s recognition marks the 22nd consecutive year the district has received both awards.
To be considered for the awards, the finance department submits its annual comprehensive financial report to be reviewed by an impartial panel at GFOA and ASBO. If the report meets all of the requirements, the district may qualify for the highest recognition. According to GFOA Director of Technical Services, Michele Mark Levine, the district’s annual report demonstrates “a constructive ‘spirit of full disclosure’ to clearly communicate its financial story.”
When discussing the award at the recent January School Board meeting, it was noted that these awards align with the District’s high level of accountability. “The finance team continues to prioritize responsible stewardship of the resources provided by the community,” said Superintendent Wayne Kazmierczak. “We are proud that district residents recently rated our financial management well above the industry norm, putting us in the top quarter of suburban districts.”