Improvement in General Fund Balance
Since June 2003, the fund balance has improved from a deficit of $13.9 million to an unassigned positive fund balance of $5.4 million. This improvement is the direct result of improved budgeting, oversight, and control at all levels of management.
Improved Credit Ratings
In 2009, the District’s bond rating was raised to A1 by Moody’s and to AA- by Standard and Poor’s, our highest ratings ever. In 2010, the District's rating was raised again to Aa2 by Moody's and has been maintained at that level since. The reasons cited for the upgrades were strong financial management, continuous reporting on budget performance, and the dramatic turnaround of the fund balance.
Certificates of Achievement
In June 2012, the Government Finance Officers Association (GFOA) of the United States and Canada awarded a Certificate of Achievement for Excellence in Financial Reporting, and the Association of School Business Officials International (ASBO) awarded a Certificate of Excellence in Financial Reporting to the District for its Comprehensive Annual Financial Report for the fiscal year ended June 30, 2011. This was the eighth consecutive year that the District has achieved these prestigious awards. In order to be awarded a Certificate of Achievement and a Certificate of Excellence, the District published an easily readable and efficiently organized comprehensive annual financial report.
|St. Vrain Valley School District • 395 S Pratt Pkwy • Longmont, CO 80501 (303) 776 - 6200|