Peoria Unified Earns Recognition for Financial Reporting
The Peoria Unified School District is the recent recipient of a Certificate of Achievement for Excellence in Financial Reporting from the Government Finance Officers Association (GFOA). The certificate of achievement was granted for the district’s Comprehensive Annual Financial Report for the fiscal year that ended June 30, 2020. This is in addition to the Association of School Business Officials International Certificate of Excellence in Financial Reporting that Peoria Unified received earlier this fall, also for the Comprehensive Annual Financial Report that includes the district’s audited financial statements.
The Certificate of Achievement is the highest form of recognition in governmental accounting and financial reporting and represents a significant achievement by the district. The award also reflects a high level of commitment to fiscal integrity and management. To receive the award, the district must satisfy specific guidelines for effective, high-quality financial reporting recognized by school business officials. The 2020 Comprehensive Annual Financial Report was judged by an impartial panel to meet the high standards of the program, including demonstrating a constructive “spirit of full disclosure” to clearly communicate its financial story and motivate potential users and user groups to read the report.
“Transparency is incredibly important to our district, especially in the management of our finances,” stated Dr. Jason Reynolds, Peoria Unified’s superintendent. “We remain committed to strong stewardship of our taxpayers’ dollars as it is crucial for the work we do to support our students and our community.”
Peoria Unified’s Chief Financial Officer, Michelle Myers, presented an annual update on Peoria Unified’s Bond and Override programs for our community at the Oct. 28 Governing Board meeting. In her presentation, she included information on the district’s 13% Maintenance and Operations Override that was continued by the voters in November of 2020 and the district’s 2012 bond program that is ending this year. The presentation also reviewed the district’s secondary tax rate that has been decreasing over the last several years.