Oak Park and River Forest High School District 200 has been widely recognized for its excellent financial stewardship on behalf of the residents of Oak Park and River Forest. The District has received accolades that include:
Meritorious Budget Award
Certificate of Excellence in Financial Reporting
AAA rating. This is the highest possible credit rating, given by Standard & Poor’s to just 22 school districts in Illinois and 67 across the country. The rating indicates strong financial management practices that focus on multi-year planning and an ability to manage through all economic cycles, as well as a manageable debt burden. Having a AAA rating means lower borrowing costs for the District.
Certificate of Excellence in Financial Reporting. This is the highest recognition for school district financial operations given by the Association of School Business Officials International (ASBO). The certificate confirms that the District’s Comprehensive Annual Financial Report (CAFR) for 2011-2012 has met or exceeded the standards set by ASBO International. This award represents a very significant achievement and reflects the District’s commitment to the highest standards of school system financial reporting.
Meritorious Budget Award. The District received this prestigious award from the ASBO International, for excellence in the preparation and issuance of the District annual budget for fiscal year 2011–2012. The Meritorious Budget Award is conferred only on school systems that have met or exceeded the Meritorious Budget Award Program Criteria. Oak Park and River Forest High School’s budget for the fiscal year ending June 30, 2013, is also believed to conform to all ASBO program requirements and will be submitted to ASBO for evaluation and commendation.
Certificate of Financial Recognition. The District received this certificate for the fiscal year ending June 30, 2011, from the Illinois State Board of Education. This award recognizes the strong financial position of the District in its management of annual resources and fund balances.
For information on District 200 budget basics click here.