October 4, 2019
For information contact: Kevin S. Philo, Treasurer, 878-3961
Fairborn Schools Awarded Two National Financial Awards
The Fairborn City
School District has been awarded two national awards for Excellence in
Financial Reporting for its Comprehensive Annual Financial Report for Fiscal
Year 2018. The Association of School
Business Officials International (ASBO) and the Government Finance Officers
Association (GFOA) have both awarded their highest honors upon the Fairborn
City School District.
of School Business Officials and the Government Finance Officers Association
have both awarded independently a Certificate of Excellence in Financial
Reporting, which is the highest form of recognition in school reporting, to the
Fairborn City School District for Fiscal Year 2018. This award has gained the distinction of
being a national award recognized by: Accounting Professionals; Bond Counsel;
Underwriters; Securities Analysts; Bond Rating Agencies; Educational, Teacher
and Citizen Groups; and Federal and State Agencies.
City Schools have always been committed to assure taxpayer accountability and
full financial disclosure of the operations of the school district. These national awards are recognition for
this financial accountability and the hard work of the staff of the Treasurer’s
Office," said Kevin S. Philo, Treasurer of the Fairborn City Schools. Mr. Philo continued with, "To compile
this report, we have to undergo a vigorous audit every year by the State Auditor's
Office and receive the best opinion possible on our financial reports. We invite this close scrutiny to achieve this
goal and to maintain financial accountability and credibility."