District 54 wins financial reporting award

Posted April 15th, 2015 by Terri McHugh

District 54 has once again received the Association of School Business Officials (ASBO) International’s Certificate of Excellence in Financial Reporting Award for excellence in the preparation and issuance of its 2014 Comprehensive Annual Financial Report (CAFR).

Only 108 other school districts across the nation (10 others in Illinois) have received the award for more than 25 years. District 54 has received the Certificate of Excellence for 42 years. The most recent award was received for the CAFR report for the fiscal year ending June 30, 2014.

“District 54 is committed to financial statement transparency by subjecting its financial information to review by its peers and also ensuring that the information is available to our community,” said Ric King, District 54’s assistant superintendent of business operations.

The Certificate of Excellence in Financial Reporting Program was designed by ASBO International to confirm school business officials’ commitment to financial accountability and transparency. Recognition through this program can help strengthen a school district’s presentation for bond issuance statements and promotes a high level of financial reporting. The award is the highest recognition for school district financial operations offered by ASBO.

For more information about the award visit ASBO’s website at The district’s financial information can be found online at