For the 10th year in a row, Frederick County Public Schools has earned the Certificate of Achievement for Excellence in Financial Reporting.
This recognition was received from both the Government Finance Officers Association (GFOA) and the Association of School Business Officials International (ASBO).
The award recognizes FCPS’ comprehensive annual financial report for meeting the standard of transparency and the “spirit of full disclosure” as well as a commitment to clearly communicating the school system’s finances.
According to GFOA, the award is the highest form of recognition in government accounting and financial reporting.
“Every year for the last decade, FCPS has earned national recognition for good stewardship of taxpayer dollars,” school Superintendent Terry Alban said in a statement. “The people of Frederick County can take pride in the fact that our school system manages the budget responsibly and transparently. Responsible financial stewardship is a hallmark of FCPS.”
Alban also mentioned the leadership of the school system’s chief financial officer, Leslie Pellegrino, as a reason for the recognition.
Pellegrino said it was staff and their hard work that kept FCPS’ financial records in order, thus leading to the recognition.
“Our staff is committed to the school system’s goal to promote clear communication and transparency in resource allocation. The dedication that they bring to their work on behalf of taxpayers has resulted in earning this outstanding recognition for another year,” Pellegrino said in a statement. “The financial accountability FCPS provides to the public and the resulting honors FCPS continues to achieve keep our school system on an effective path to equip all students for success.”
The comprehensive annual financial report is published by FCPS at the end of each fiscal year and can be found on the school system’s website.