GENERAL ACCOUNT STANDARDS AWARD
The Association of School Business Officials (ASBO) International has awarded St. Charles Parish School Board its 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 for the fiscal year ending 2018.
Sponsored by VALIC, the Certificate of Excellence (COE) award confirms the school business office’s commitment to financial accountability and transparency. Recognition through the COE program can help strengthen a district’s presentation for bond issuance statements and promotes high quality financial reporting.
The School Board’s bonds are rated annually by both Moody’s Investment Service and Standard and Poor’s. The district’s current rating of AA by both rating agencies is one of the highest in the state of Louisiana.
General fund – 145,944,083
Special revenue – 7,626,884
Debt service – 11,125,700
Capital projects – 11,375,024
Lunch fund – 6,398,500
Total – 182,470,191