The Chapel Hill-Carrboro City Schools Board of Education has received the Certificate of Achievement for Excellence in Financial Reporting by the Government Finance Officers Association of the United States and Canada. This finance award certificate is considered to be the highest form of recognition for reporting accurate financial information and governmental accounting.
Assistant Superintendent for Support Services for the Chapel Hill-Carrboro City Schools System, Todd LoFrese, explains what the award is all about and what it means for the Board of Education.
“The award is recognition for a comprehensive annual financial report, which shows all of the financial information that occurred during the fiscal year,” says LoFrese. “Each year, we produce this report along with an audit, submit that to Government Finance Officers Association, the North Carolina School Board Association, and the State of North Carolina, and it’s reviewed for its accuracy, transparency, and the breadth of the report. They then determine we meet and exceed expectations, and again this year we have.”
LoFrese says that Pittman and her team are deserving of this award as they have proven once again their adept ability to clearly and accurately report their budget.
“For as long as I’ve been here, and before I arrived, Ruby Pittman and her team have annually been receiving recognition for excellence in financial reporting,” says LoFrese. “Once again this year, her department received that recognition, and it’s a testament to their hard work and their focus on making sure our finances and books are in order, and public transparency with our financial reporting.”