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Canyons District Praised for Fiscal Transparency

  • Post category:General News
  • Post last modified:March 18, 2019

Canyons District continues to be recognized for its fiscal transparency. For the 10th year running, the District has received a Certificate in Excellence in Financial Reporting from the Association of School Business Officials International (ASBO).

The award is given to districts that uphold the highest standards for financial reporting and accountability as exemplified by their Comprehensive Annual Financial Report (CAFR).  

School business officials are responsible for ensuring taxpayer dollars are spent wisely, and that the district budget reflects educational priorities and student needs, says ASBO International Director of Recognition Programs Molly Barrie. “The 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.”

Canyons, under the leadership of Business Administrator Leon Wilcox, also routinely earns the Distinguished Budget Presentation Award from the Government Finance Officers Association. The Distinguished Budget Presentation Award is the association’s highest award in government budgeting. It recognizes Canyons’ budget as an outstanding policy document, financial plan, operations guide, and communications device.

Canyons also has maintained a sterling AAA-bond rating, which has a bearing on the District’s ability to affordably bond to pay for upgrades to aging school buildings. A high rating is like having perfect credit, which translates to low interest rates and millions in savings to taxpayers.

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