{"id":2125,"date":"2018-07-13T02:51:53","date_gmt":"2018-07-13T06:51:53","guid":{"rendered":"https:\/\/shorebeat.com\/tomsriver\/?p=2125"},"modified":"2018-07-13T02:51:53","modified_gmt":"2018-07-13T06:51:53","slug":"toms-river-schools-honored-for-financial-reporting-excellence","status":"publish","type":"post","link":"https:\/\/shorebeat.com\/tomsriver\/2018\/07\/toms-river-schools-honored-for-financial-reporting-excellence\/","title":{"rendered":"Toms River Schools Honored for Financial Reporting ‘Excellence’"},"content":{"rendered":"
\"Toms

Toms River Regional (TRRS) Board of Education headquarters. (Photo: Daniel Nee)<\/p><\/div>\n

The Toms River Regional school district has been honored for the fourth year in a row with a certificate for \u201cexcellence in financial reporting.\u201d<\/p>\n

The Association of School Business Officials International (ASBO) awarded Toms River schools with the certificate. ASBO International\u2019s certification recognizes districts that have met the program\u2019s \u201chigh standards for financial reporting and accountability.\u201d The school district earned the Certificate of Excellence (COE) for its Comprehensive Annual Financial Report for the fiscal year ended 2017.<\/p>\n

In its congratulatory message to TRRS and Business Administrator William Doering, ASBO\u2019s Manager of Recognition Programs Susan G. Lambert wrote, \u201cYour participation in the COE program for the past 4 years is a testament to your district\u2019s commitment to transparency and high-quality financial reporting.\u201d<\/p>\n

Such transparency was identified as a priority following a school board-issued community survey in 2013, and administrators have since made it the district\u2019s mission to improve and perfect its fiscal reporting, ASBO officials said.<\/p>\n

\u201cIt is fast becoming an annual ritual to announce this prestigious award, and I will certainly never tire of doing so,\u201d said Superintendent David Healy. \u201cOur business office deserves to be commended\u2013 Mr. Doering, Board Secretary and Director of Accounting Wendy Saxton, and their teams continue to do an outstanding job of tracking and reporting on every dollar that passes through this district. We pride ourselves on being excellent and responsible stewards of public funding, and this award is proof positive that we are achieving that goal each and every year.\u201d<\/p>\n

\u201cThis school district, our school district, has come a long way from the financial scandals of the past which so damaged the public\u2019s trust,\u201d said Board of Education President Russell Corby. \u201cThis recognition and award is a testimony to the value of having independent, \u2018outside eyes\u2019 review our current financial policies and practices. It is continuing testimony also to Superintendent Healy, Mr. Doering, and the Administration and Business Office\u2019s tireless effort to get it right.\u201d<\/p>\n

By participating in the COE program, school districts demonstrate their commitment to financial transparency. Applicants submit their financial report for review by a team of professional auditors, who provide feedback to improve future documents. If the report meets the requirements of the program, the document may receive the Certificate of Excellence. A district\u2019s participation in the COE program can facilitate bond rating and continuing bond disclosure processes.<\/p>\n

\u201cThe COE\u2019s mission is to promote and recognize excellence in financial reporting, specifically through a district\u2019s CAFR,\u201d ASBO International Executive Director John Musso said. \u201cThe CAFR informs parents and other stakeholders about the financial and economic state of the district, making it an important communications tool for building trust and engaging with the school community.\u201d<\/p>\n

<\/div><\/div>","protected":false},"excerpt":{"rendered":"

The Toms River Regional school district has been honored for the fourth year in a row with a certificate for \u201cexcellence in financial reporting.\u201d The Association of School Business Officials International (ASBO) awarded Toms River schools with the certificate. ASBO International\u2019s certification recognizes districts that have met the program\u2019s \u201chigh standards for financial reporting and […]<\/p>\n","protected":false},"author":1,"featured_media":1026,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,5],"tags":[11],"class_list":["post-2125","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-toms-river-schools","tag-toms-river-nj-news"],"jetpack_featured_media_url":"https:\/\/shorebeat.com\/tomsriver\/wp-content\/uploads\/2017\/07\/DSC_0582.jpg","_links":{"self":[{"href":"https:\/\/shorebeat.com\/tomsriver\/wp-json\/wp\/v2\/posts\/2125","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/shorebeat.com\/tomsriver\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/shorebeat.com\/tomsriver\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/shorebeat.com\/tomsriver\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/shorebeat.com\/tomsriver\/wp-json\/wp\/v2\/comments?post=2125"}],"version-history":[{"count":0,"href":"https:\/\/shorebeat.com\/tomsriver\/wp-json\/wp\/v2\/posts\/2125\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/shorebeat.com\/tomsriver\/wp-json\/wp\/v2\/media\/1026"}],"wp:attachment":[{"href":"https:\/\/shorebeat.com\/tomsriver\/wp-json\/wp\/v2\/media?parent=2125"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/shorebeat.com\/tomsriver\/wp-json\/wp\/v2\/categories?post=2125"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/shorebeat.com\/tomsriver\/wp-json\/wp\/v2\/tags?post=2125"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}