State Agency Resources
Award of Distinction for Excellent Financial Reporting
An award of distinction is presented to organizations that submit quality financial statements and supporting documentation in a timely manner, whose annual financial report is given an unmodified audit opinion and is free of any significant deficiencies or material weaknesses, and comply with all Transparency in Government requirements.
The Best Practice Criteria has been established to recognize better practices for financial reporting and controls. This Award of Distinction encourages Local Boards of Educations to go beyond the minimum requirements of generally accepted accounting principles and recognize individual organizations that are successful in achieving that goal.