PRESS RELEASE: Stafford MSD Awarded for Outstanding Financial Reporting

November 11, 2021 – STAFFORD, Texas – The Association of School Business Officials International (ASBO) is pleased to award Stafford Municipal School District the Certificate of Excellence in Financial Reporting (COE). ASBO International’s COE recognizes districts that have met the program’s high standards for financial reporting and transparency. The school district earned the Certificate of Excellence for its Comprehensive Annual Financial Report for the fiscal year ended August 31, 2020. 

“The COE’s mission is to promote and recognize excellence in financial reporting,” ASBO International Executive Director David Lewis says. “The Comprehensive Annual Financial Report informs 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 COE program, school districts like Stafford MSD demonstrate their commitment to financial transparency. Applicants submit their report for review by a team of financial professionals who provide feedback to improve future documents. If the report meets the requirements of the program, it may receive the Certificate of Excellence. A district’s participation in the COE program can facilitate bond rating and continuing bond disclosure processes.

This is a well-deserved award for the entire team at SMSD, especially the Business & Finance department led by Chief Financial Officer Dedrea Norman.

The COE is proudly sponsored by ASBO International Strategic Partner American Fidelity.

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ABOUT THE STAFFORD MUNICIPAL SCHOOL DISTRICT
The mission of SMSD is for every student to graduate college and career ready without remediation. The district is extraordinarily diverse and ready to serve 3,600 students from Pre-K to 12th grade at 5 school campuses — Early Childhood Center, Elementary School, Middle School, High School and the upcoming STEM Magnet Academy. In addition to outstanding students and excellent teachers, SMSD is extremely fortunate to have a high level of parental involvement in the schools and very strong partnerships with the city. Additional information about SMSD is available at www.staffordmsd.org.

ABOUT ASBO INTERNATIONAL
Founded in 1910, the Association of School Business Officials International (ASBO) is a nonprofit organization that, through its members and affiliates, represents approximately 30,000 school business professionals worldwide. ASBO International is committed to providing programs, services, and a global network that promote the highest standards in school business. Its members support student achievement through effective resource management in various areas ranging from finance and operations to food services and transportation. Learn more at www.asbointl.org.

ABOUT AMERICAN FIDELITY
American Fidelity provides employer cost-savings solutions and supplemental insurance benefits to specific industries. Acting as an extension of the HR department, we educate, enroll, and support the development of robust, competitive insurance packages—all while ensuring seamless administration and employee satisfaction. As experts in employer benefit solutions, our salaried account managers deliver year-round support, help employers overcome benefit administrative challenges, and always offer a different perspective – a different opinion.