The City School District of New Rochelle received the Certificate of Excellence in Financial Reporting from both the Association of School Business Officials and the Government Finance Officers Association of the United States and Canada, for its comprehensive annual financial report (CAFR) ending June 30, 2008. Superintendent of Schools Richard Organisciak presented certificate awards to District Treasurer Carol Amorello at the meeting of the Board of Education held September 8, 2009. The award is the highest recognition for school district financial operations offered by ASBO, and is conferred to school systems that have met or exceeded the standards of the program.
Nope, this is not a joke. They are quite serious.
It must be based on some criteria like how neatly the reports were typed or whether the numbers on a given page added up correctly. It sure can’t be for knowing what is happening with the hundreds of millions of dollars flowing through the BoE. Apparently allowing people to fill no-show jobs, hiring people for archaic positions, paying union officials six-figures salaries for working less than an hour a day, allowing an entire department to convert public property for personal use or ignoring for months every economic signpost in the world to badly forecast the decline in assessables and understate required tax increases means you are “excellent”!
Sheesh. I hate to think what a district with a “lousy” rating looks like.