Kent School District received its 28th consecutive Certificate of Excellence award in Financial Reporting.

The district was recognized by the Association of School Business Officials International for its Comprehensive Annual Financial Report for the fiscal year ending 2012. The district was judged to have met or exceeded the program’s high standards for financial reporting and accountability.

This year’s Certificate of Excellence award confirms KSD’s commitment to financial accountability and transparency.

Recognition of the district’s transparent finances accompany its diligent savings initiatives over the year.

Over the last school year, KSD was able to save taxpayers over $2.5 million due to its very high credit rating. KSD refunded an existing bond and reissued it at a lower interest rate for the savings.

By instituting sustainable energy practices in the district, KSD saved $1.1 million in utility costs in the last fiscal year.

“It’s our goal to be wise with our financial resources and to conduct our business practices with the utmost integrity,” says Dr. Richard Stedry, chief business officer. “For such a large district, recognition of our exceptional financial reporting is an affirmation that we are meeting that goal.”