73.6 F
Friday, September 30, 2022

MCPS wins national finance award for 22nd consecutive year

For the 22nd consecutive year, Marion County Public Schools’ Finance Department has received national recognition for the district’s efforts to provide public accountability and transparency.

According to a press release from MCPS, the Chicago-based Government Finance Officers Association (GFOA) recently awarded the Certificate of Achievement for Excellence in Financial Reporting to three Florida school districts, including the MCPS Finance Department.

The award is based on the school district’s Comprehensive Annual Financial Report for fiscal year 2021. This is the highest recognition possible in the area of government accounting and finance reporting, and it represents a significant accomplishment by a government entity and its management.

The Finance Department oversees the school system’s budget, which exceeds $746 million,  and implements financial changes based on current law, according to MCPS.

The award recognizes the department’s “spirit of full disclosure” to clearly communicate its financial story and create incentive for others to read the Comprehensive Annual Financial Report.

For the previous fiscal year (2020), Marion County Public Schools was one of just 21 school districts in Florida, and 555 across the nation, that received the award, placing MCPS in the top one percent.

For more information on this award, please contact Chief Financial Officer Theresa Boston-Ellis at 352-671-7700 or the Government Finance Officers Association at 312-977-9700. Additional information is also available on the GFOA website.