Rockford Public School District 205 receives financial honor

Online Staff Report

For the second consecutive year, Rockford Public School District 205 (RPS 205) has received the Certificate of Excellence in Financial Reporting Award. The honor is for the district’s Comprehensive Annual Financial Report for fiscal year 2011.

The district got the award for meeting or exceeding the program’s high standards for financial reporting and accountability.

“This speaks volumes for our transparency and accuracy,” Cedric Lewis, chief financial officer for RPS 205, said.

The Certificate of Excellence can help strengthen a district’s presentation for bond issuance statements and promotes a high level of financial reporting. The award is sponsored by VALIC, which manages long-term investment programs for nearly 25,000 not-for-profit and for-profit education, health care and public-sector organizations across the country. The Association of School Business Officials International informed the district of the award earlier this week.

RPS 205 is also in the running for the Meritorious Budget Award, given out by the same organization. District officials should know by December if they received that award.

Posted Aug. 30, 2012