Finance Department receives prestigious awards for 25th time

Fiscal excellence recognized with awards
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The Glendale Union High School District Finance Department has been awarded with two prestigious awards for the 25th year in a row.

The department received the Association of School Business Officials International (ASBO) Certificate of Excellence in Financial Reporting award and the Government Finance Officers Association (GFOA) Certificate of Achievement for Excellence in Financial Reporting award.

By participating in these programs, the district ensures that those who access financial statements have the information they need to assess the district’s financial health. The district receives constructive feedback to improve the clarity and completeness of its financial reports, demonstrates a commitment to fiscal integrity and is able to improve its bond rating for credit evaluations.

These awards recognize the district for preparing a comprehensive annual financial report that shows a spirit of excellence, transparency and full disclosure. The finance department believes the awards document the district’s long-standing commitment to the transparency and fiscal accountability critical to success in today’s dynamic education environment.

“We believe receiving this recognition can assure parents, students, community members, federal and state agencies, grantors and creditors that valuable financial resources are expended efficiently, effectively and in compliance with applicable budgets, laws and regulations,” said Louis Wiegand, chief financial officer for the district.

Comprehensive annual financial reports are reviewed by selected members of the ASBO/GFOA professional staff with expertise in public sector financial reporting and include financial statement preparers, independent auditors, academics and other finance professionals.