Fiscal Team Earns Top Honors in Financial reporting

OCSD Fiscal Team

Oregon City School District No. 62 has been honored with two prestigious national awards for excellence in financial reporting. These recognitions reflect the district’s commitment to transparency, responsible financial management, and high-quality reporting.

The district has been awarded:

1. Certificate of Achievement for Excellence in Financial Reporting from the Government Finance Officers Association (GFOA) for its Annual Comprehensive Financial Report (ACFR) for the fiscal year ending June 30, 2023. This award represents the highest form of recognition in governmental accounting and financial reporting, signifying the district’s dedication to a spirit of full disclosure in communicating its financial story. This is the 31 consecutive year that OCSD has been awarded this award.

2. Certificate of Excellence (COE) in Financial Reporting from the Association of School Business Officials International (ASBO) has also been awarded for the same fiscal year. ASBO’s COE recognizes districts that meet the program's high standards for financial reporting and transparency. This recognition highlights the district’s proactive efforts to engage the community by clearly presenting its financial and economic standing. OCSD was 1 of 12 school districts to receive this award out of the 197 school districts in the state of Oregon. 

“These awards represent a significant achievement and underscore the district’s commitment to maintaining financial transparency,” said Jason Jensen, CFO of Oregon City School District. “We are proud of our finance team and their dedication to upholding the highest standards of financial integrity, which ultimately builds trust within our community.”

Both awards involve a rigorous review process. The GFOA award was determined by an impartial panel, and ASBO’s COE included feedback from financial professionals to enhance future reports. These recognitions also strengthen the district’s position in future bond rating and disclosure processes, further supporting Oregon City School District’s ongoing investment in its educational infrastructure and programs.

For over half a century, ASBO’s Certificate of Excellence has been the gold standard in promoting excellence in financial reporting, and GFOA’s certificate is widely regarded as the highest honor in public finance. The Oregon City School District is honored to be recognized by both organizations in the same year.

The district remains committed to maintaining transparency and fiscal responsibility to ensure continued trust and confidence from the Oregon City community.

About Oregon City School District  

Oregon City School District No. 62 serves approximately 7,200 students in Oregon City, OR. The district is dedicated to providing an excellent educational experience that prepares students for success in a rapidly changing world.

About GFOA  

The Government Finance Officers Association (GFOA) advances excellence in public finance by providing best practices, professional development, resources, and research for its more than 21,000 members in the United States and Canada.

About ASBO International  

Founded in 1910, the Association of School Business Officials International (ASBO) is a nonprofit organization representing approximately 30,000 school business professionals worldwide. ASBO International provides programs, services, and a global network that promotes the highest standards in school business operations.

“For over half a century, ASBO International’s Certificate of Excellence in Financial Reporting has been the gold standard in promoting and recognizing excellence in financial reporting,” according to ASBO International Executive Director Jim Rowan, CAE, SFO. “Communicating the financial and economic state of a district is so important when engaging with the school community and building their trust. Districts that receive the COE Award have demonstrated their ability to do that at the highest level.”