News Stories

The Association of School Business Officials International (ASBO) announced that Centennial Independent School District No. 12, (Minnesota), has been awarded the prestigious Certificate of Excellence in Financial Reporting (COE) for the second year in a row. This honor recognizes school districts that uphold the highest standards of financial reporting and transparency. The school district earned the Certificate of Excellence for its exemplary Annual Comprehensive Financial Report
(ACFR) for the fiscal year ending in June 30, 2025.

“For over half a century, ASBO International’s Certificate of Excellence in Financial Reporting has been the gold
standard for promoting and recognizing excellence in financial transparency,” said Jim Rowan, CAE, SFO, Executive
Director of ASBO International. “Clear and accurate financial reporting is crucial for engaging school communities
and building their trust. Districts that earn the COE have demonstrated an extraordinary commitment to these
principles.”

Participation in the COE program highlights a school district’s dedication to financial accountability. Submitted
ACFRs are rigorously reviewed by a panel of experienced financial professionals, who provide constructive
feedback to further enhance the quality of future reports. Districts that meet the program’s stringent
requirements are awarded the Certificate of Excellence, a distinction that also supports bond rating and
continuing bond disclosure processes.

ASBO International’s Certificate of Excellence is proudly sponsored by Strategic Partner, American Fidelity.
To learn more about the Certificate of Excellence in Financial Reporting program, visit asbointl.org/COE.

About ASBO International
Established in 1910, the Association of School Business Officials International (ASBO) is a dynamic nonprofit
organization that unites, through its members and affiliates, a global network of approximately 30,000 school
business professionals. ASBO International empowers its members with cutting-edge programs, resources, and
connections designed to set the standard for excellence in school business management. At the heart of ASBO’s
mission is a commitment to success—its members play a vital role in shaping education by expertly managing
resources that directly impact school systems. Learn more at asbointl.org.

About American Fidelity
At American Fidelity, we know your needs because we're intimately familiar with the education community. This
allows us to quickly become an extension of your HR department and provide administration for your entire
benefits program. We help your employees understand the benefits you offer through in-person education and
customized communications. Our enrollment platform allows us to seamlessly manage your entire benefits
enrollment. And along the way, we help keep you and your program compliant.