Monday, April 11, 2016

Finance Office Lauded for Comprehensive Annual Financial Report

Two prominent professional associations with ties to school finance have announced awards for the Chapel Hill-Carrboro City Schools Board of Education.

The Association of School Business Officials (ASBO) International awarded a 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 (CAFR) for the fiscal year ending 2015.

The Government Finance Officers Association (GFOA) also awarded a Certificate of Achievement for Excellence in Financial Reporting. The Certificate of Achievement is this organization’s highest form of recognition in governmental accounting and financial reporting. Its attainment represents a significant accomplishment by a government organization and its management.

The district’s Budget and Finance Department, headed by Ruby Pittman, Senior Executive Director of Budget and Finance, is the group primarily responsible for preparing the award-winning CAFR. This marks the department’s twelfth consecutive year earning these awards.

“I would like all members of the Budget and Finance team to know how much I appreciate their commitment to excellence,” said Pittman.  “Every team member has a role in managing district funds in a way that supports the goals of our school district.”

"Year after year, the Budget and Finance team are recognized for excellence in the area of financial reporting," said Todd LoFrese, Assistant Superintendent for Support Services.  "Ms. Pittman and her team are to be commended for a job well done."