Academy School District Budget Awards
The Association of School Business Officials International (ASBO) has awarded Academy School District 20 its Meritorious Budget Award (MBA) for excellence in budget presentation. The district has received this award each fiscal year since 2001. The award is conferred only to school entities that have met or exceeded the Meritorious Budget Award criteria.
Once again the school district will submit its current year budget for a rigorous review based on ASBO’s stringent criteria.
Developed by ASBO for school districts, the MBA criteria guide school business officials toward a quality school budget presentation by enhancing the school business officials' skills in developing, analyzing, and presenting a school system budget.
Financial Budgeting and Accounting
The District follows generally accepted accounting principles (GAAP) established by the Governmental Accounting Standards Board (GASB) for both accounting and budgeting. In addition, budgeting and accounting is governed by Board of Education Ends and Executive Limitations and Administrative Policy. The Board must adopt and appropriate a budget annually by formal resolution no later than June 30.
Any questions or comments are welcome by contacting Linda Warhoe, Director of Budget and Planning at firstname.lastname@example.org or 719-234-1711