The Estacada School District is proud to announce that it has been awarded the prestigious Certificate of Excellence in Financial Reporting (COE) by the Association of School Business Officials International (ASBO). This esteemed recognition highlights the district's commitment to financial transparency and responsible stewardship of taxpayer dollars. ASBO International's COE program honors school districts that have met rigorous standards for financial reporting and transparency. The Estacada School District earned this honor for its financial management during the 2021-22 school year. 

"The COE's mission is to promote and recognize excellence in financial reporting," stated Siobhan McMahon, ASBO International Chief Operations Officer/Interim Executive Director. "The Annual Comprehensive Financial Report serves as a crucial communication tool, informing stakeholders about the financial state of the district, and fostering trust within the school community." This award aligns with the district’s ongoing work to promote financial transparency and communication. The district's financial report was reviewed by a panel of qualified professionals, and the district was awarded a Certificate of Excellence at the conclusion of this rigorous process.

Participation in the COE program also holds significant financial benefits for the district. One major benefit is the district becoming eligible for a higher bond rating. Similar to an individual’s credit score, a higher bond rating means that the district will qualify for a lower interest rate. 

The recognition from ASBO International underscores the district's commitment to fiscal responsibility and serves as a testament to its wise management of taxpayer dollars. Superintendent Ryan Carpenter noted that he was “Proud of the recognition as it represents the dedication our district has to upholding the highest standards of financial transparency and accountability. We are committed to ensuring the effective and responsible utilization of taxpayer funds to support the educational needs of our students. In combination with our history of clean audits, Estacada taxpayers should feel confident in the fiscal management of the Estacada School District."