For the second year in a row, Dearborn Public Schools has been recognized for excellence in how it presents its budget.
The Association of School Business Officials International recently awarded the district a Meritorious Budget Award (MBA) for the current 2019-20 fiscal year. The group’s MBA and Pathway to the MBA promote and recognize the best budget presentation practices in school districts.
The budget is handled by Tom Wall, Executive Director of Business and Operations, and his staff.
“We are grateful to receive this recognition. While financial information for such a large district is inherently complicated, we work to make our information and processes understandable and available to our community, including the Board of Education,” Wall said.
Dearborn Public Schools has a combined annual budget of more than $307 million and approximately 20,700 students. An overview of the district’s financial records is available on the District website at https://dearbornschools.org under Transparency Reporting.
MBA participants submit their applications and budget documents to a panel of school financial professionals who review the materials for compliance with the MBA Criteria Checklist and other requirements and provide expert feedback that districts can use to improve their budget documents. Dearborn’s submitted document was more than 370 pages long and included some overview information about the proposed BRICS Bond.
“Districts that apply to the MBA or Pathway to the MBA programs recognize the importance of presenting a quality, easy-to-understand budget internally and to the community,” ASBO International Executive Director David J. Lewis said. “Participating in the MBA or Pathway programs provides districts with important tools and resources they need to communicate the district’s goals and objectives clearly and illustrates their commitment to adhering to nationally recognized budget presentation standards.”
Founded in 1910, the Association of School Business Officials International (ASBO) is a nonprofit organization that, through its members and affiliates, represents approximately 30,000 school business professionals worldwide. ASBO International is committed to providing programs, services, and a global network that promote the highest standards in school business.