The White Bear Lake Area School Board recently received an Excellence in Financial Reporting award from the Association of School Business Officials (ASBO) and the Government Finance Officers Association’s (GFOA’s) Certificate of Achievement for Excellence in Financial Reporting, the highest forms of recognition given in the area of governmental accounting and financial reporting. ISD 624 has received the awards for 19 consecutive years.
"The finance team in White Bear works hard to navigate a complicated state school finance system, and the district has a history of excellence in this area,” said Assistant Superintendent for Finance and Operations Tim Wald. "This recognition demonstrates the commitment of both the School Board and district leadership have to transparency and accountability with our finances."
In a recent community survey, the district’s financial responsibility was found to be rated high by area residents. “As a district, we are proud of the community’s confidence in the handling of our finances,” said Superintendent Wayne Kazmierczak. “We place a high level of importance on being good stewards of community resources and trust.”
The White Bear Lake Area School District has received a bond rating of AA from Standard and Poor’s every year the district has applied since 2010.