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Association of School Business Officials International
The Council of the Great City Schools (CGCS) Award for Excellence in Financial
Government Finance Officers Association Distinguished Budget Presentation Award
Government Finance Officers Association Certificate of Achievement
For Excellence in Financial Reporting
Broward County Public Schools (BCPS) Financial Division was the 2008 Council of the Great City Schools (CGCS) Award Winner for Excellence in Financial Management. Our District is the first district in the nation to receive this prestigious award. The CGCS Award for Excellence in Financial Management focuses on policies, procedures, and outcomes across a broad range of financial areas. A rigorous Best of Financial Management Policies Peer Review process assesses our District financial management practices; and Key Performance Indicators are used as an evaluative research and objective analytical baseline to demonstrate the efficient and effective use of financial resources. The award highlighted the District's implementation of an Enterprise Resource Planning (ERP) system as a means to minimize manual processes and streamline the District business operations.
The award represents a significant achievement by the school district, Board of Education, Superintendent and administrative staff that support the highest standards in financial accountability and controls that are needed to safeguard and protect the financial integrity of the district. Their efforts reflect an extraordinary dedication to excellence in financial management and demonstrate outstanding stewardship of taxpayer dollars with the ultimate beneficiaries being the children of Broward County Public Schools.
To receive this award, a district must achieve 95 percent or 2,309 of a possible 2,430 points by complying with all 95 mandatory practices and a minimum of 41 of 53 recommended practices in the following nine categories:
* Treasury * General Financial Management
* Internal Controls * Capital Asset Management
* Budget, Strategic Planning & Management * Debt Management
* Internal and External Financial Auditing * Risk Management
Chicago--The Government Finance Officers Association of the United States and Canada (GFOA) is pleased to announce that School Board of Broward County , Florida has received the GFOA's Distinguished Budget Presentation Award for its budget.
The award represents a significant achievement by the entity. It reflects the commitment of the governing body and staff to meeting the highest principles
of governmental budgeting. In order to
receive the budget award, the entity had to satisfy nationally recognized guidelines for effective budget presentation. These guidelines are designed to assess how well an entity's budget serves as:
- a policy document
- a financial plan
- an operations guide
- a communications device
Budget documents must be rated "proficient" in all four categories, and the fourteen mandatory criteria within those categories, to receive the award.
When a Distinguished Budget Presentation Award is granted to an entity, a Certificate of Recognition for Budget presentation is also presented to the individual or department designated as being primarily responsible for its having achieved the award. This has been presented to Budget Office Staff.
For budgets including fiscal period 2010, over 1,289
entities received the Award. Award recipients
have pioneered efforts to improve the quality of budgeting and
provide an excellent example for other governments throughout
The Government Finance Officers Association is a nonprofit professional association serving nearly 17,400
government finance professionals throughout North America. The GFOA's Distinguished Budget
Presentation Awards Program is the only national awards program in governmental budgeting.
The Government Finance Officers Association (GFOA) of the United States and Canada awarded a Certificate of Achievement for Excellence in Financial Reporting to the District for its Comprehensive Annual Financial Report (CAFR) for the fiscal year ended June 30, 2011. This was the sixteenth consecutive year that the District has received this prestigious award. The Certificate of Achievement of Excellence Award certifies that the CAFR substantially conformed to the accounting and reporting standards adopted by GFOA.
For the Sixteenth consecutive year, Broward County Public Schools has received the Meritorious Budget Award from the Association of School Business Officials International for its 2011-12 budget. To earn the award, the budget was rigorously reviewed based on stringent criteria. The award represents a significant achievement of the highest standards of school budgeting.
The Association of School Business Officials Internation
The Association of School Business Officials (ASBO) International awarded a Certificate of Excellence in Financial Reporting to the District for its Comprehensive Annual Financial Report (CAFR) for the fiscal year ended June 30, 2011. This was the twenty-ninth consecutive year that the District
has received this prestigious award. In order to be awarded a Certificate of Excellence, a governmental unit must publish an easily readable and efficiently organized CAFR,
the contents of which conform to program standards. Such reports must satisfy both generally accepted accounting principles in the United States and applicable regulatory
requirements. A Certificate of Excellence is valid for one year only.