District recognized for third consecutive year
The Association of School Business Officials (ASBO) International has awarded Toms River Regional Schools its Certificate of Excellence in Financial Reporting for having met or exceeded the program’s high standards for financial reporting and accountability.
The district was recognized for its Comprehensive Annual Financial Report for the fiscal years ending 2014 (first year) and 2015, and is now being recognized again, for the third year in a row, for its 2015-2016 Comprehensive Annual Financial Report.
“We are extremely proud to achieve this prestigious award for the third consecutive year,” said Toms River Regional Schools Superintendent David M. Healy. “This is a testament to the ongoing commitment of our Board of Education and Central Administration’s goal to always be transparent and accurate in our financial reporting. The Certificate of Excellence in Financial Reporting underscores that commitment and effort.”
Toms River Board of Education President Ben Giovine said, “We appreciate the efforts of our Administration and Business Office in achieving the Certificate of Excellence in Financial Reporting for now the third year in a row. This further demonstrates our ongoing, and consistent, commitment in terms of sound financial management and reporting.”
Sponsored by VALIC, the Certificate of Excellence (COE) award confirms the school business office’s commitment to financial accountability and transparency. Recognition through the COE program can help strengthen a district’s presentation for bond issuance statements and promotes a high level of financial reporting.
VALIC, a long-time supporter of school business, is committed to the K–12 marketplace. VALIC was the first company to enroll a K–12 public school district in a 403(b) plan. For more than half a century, VALIC has served as a leading retirement plan provider for K–12 schools and school districts, as well as for higher education, healthcare, government, and other not-for-profit institutions. As of June 30, 2014, VALIC has more than $88 billion in total assets under management and manages plans for nearly 24,000 groups serving nearly 2 million plan participants. VALIC represents The Variable Annuity Life Insurance Company and its subsidiaries, VALIC Financial Advisors, Inc. and VALIC Retirement Services Company. For more information on VALIC, please visit www.VALIC.com.
ASBO International, founded in 1910, is a professional organization of 5,000 members that provides programs and services to promote the highest standards of school business management practices, professional growth, and the effective use of education resources.
For more information about the COE award, visit asbointl.org/COE.