For the seventh consecutive year, the Hermiston School District business office has been honored for its excellence in financial reporting.
The district was awarded the Certificate of Achievement for Excellence in Financial Reporting by the Government Finance Officers Association of the United States and Canada (GFOA) for the district’s 2012-2013 Comprehensive Annual Financial Report (CAFR).
The Certificate of Achievement is the highest form of recognition in governmental accounting and financial reporting, and its attainment represents a significant accomplishment by a district and its management. The certificate is awarded primarily to government units whose CAFRs meet the highest standards in government accounting and financial reporting. The CAFRs are judged by an impartial panel to meet the high standards of the program, including demonstrating a constructive “spirit of full disclosure” to clearly communicate its financial story and motivate potential users and user groups to read the CAFR.
This is the eighth time the Hermiston School District has been recognized for its CAFR. The district was previously honored for the 2011-12, 2010-11, 2009-10, 2008-09, 2007-08, 2006-07, and 2004-05 school years.
“The continued receipt of this award is evidence of the HSD Board of Education and business department’s commitment to excellence in reporting transparency and financial accountability,” said HSD Director of Operations and Business Services Jon Mishra. “I am extremely proud of the financial stewardship exhibited by the board and business department. This honor establishes an unsurpassed standard of excellence.”
The Government Finance Officers Association of the U.S. and Canada is a nonprofit professional association that serves approximately 17,500 government finance professionals. The GFOA established the CAFR Program in 1945 to encourage and assist state and local governments 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 governments that succeed in achieving that goal.
More Stories from Northeast Oregon Now:
School District Announces Administrative Changes
Career Fair Broadens Students’ Perspectives
