District honored for financial reporting

District achieves excellence in financial reporting for 6th straight year
Posted on 09/14/2023
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Piscataway Township School District has been awarded the Certificate of Excellence in Financial Reporting for the sixth year in a row from the Association of School Business Officials International.


The Certificate of Excellence recognizes districts that have met the program’s high standards for financial reporting and transparency. Piscataway earned the Certificate of Excellence for its Annual Comprehensive Financial Report for the fiscal year ended 2022. 


“I’m very pleased that the Piscataway Township Board of Education has been awarded the COE for the sixth consecutive year,” said David Oliveira, Piscataway Business Administrator and Board Secretary. “Achieving this recognition is a team effort that begins with the support of the Board of Education and Superintendent Dr. Frank Ranelli, and the hard work of our Business Office staff to ensure we prepare an annual report that meets ASBO International’s standards for transparency and Generally Accepted Accounting Principles reporting.”


The Certificate of Excellence’s purpose is to promote and recognize excellence in financial reporting,” said ASBO International Chief Operations Officer/Interim Executive Director Siobhan McMahon.


“The Annual Comprehensive Financial Report informs stakeholders about the financial and economic state of the district,” McMahon said, “making it an important communications tool for building trust and engaging with the school community.”


By participating in the COE program, Piscataway and other school districts demonstrate their commitment to financial transparency. Applicants submit their ACFR for review by a team of financial professionals who provide feedback to improve future documents. If the report meets the requirements of the program, it may receive the Certificate of Excellence. Piscataway’s participation in the COE program can facilitate bond rating and continuing bond disclosure processes.


The COE is sponsored by ASBO International Strategic Partner American Fidelity.