BHS Recognized Nationally for Financial Reporting Excellence
The Association of School Business Officials International (ASBO) has given Bloomfield Hills Schools top honors for financial reporting for the 21st year in a row. ASBO bestowed the Certificate of Excellence in Financial Reporting upon Bloomfield Hills Schools for its Fiscal Year 2020 Comprehensive Annual Financial Report (CAFR). The CAFR discloses the district's finances in full detail to anyone who wants to review them, from stakeholders to constituents.
“The CAFR is one of the many ways Bloomfield Hills Schools remains transparent and accountable to our students, parents and community stakeholders.” Assistant Superintendent for Finance and Operations Tina Kostiuk said. “Our outstanding team in Finance puts in a significant amount of work to compile the CAFR,” Kostiuk said. “I am very appreciative of the team’s incredible efforts that result in this prestigious award year after year.”
ASBO awards the Certificate of Excellence in Financial Reporting to school districts to encourage and assist (them) to go beyond the minimum requirements of generally accepted accounting principles to prepare comprehensive annual financial reports that evidence the spirit of transparency and full disclosure and then to recognize individual districts that succeed in achieving that goal.
To view the fiscal 2020 CAFR, visit www.bloomfield.org, click on the Transparency icon and select “Audited Financial Reports.”