From an Everett Public Schools news release.
At its meeting on October 20, 2015, the Everett School District board accepted the 28th consecutive annual Certificate of Excellence for the district’s Comprehensive Annual Report.
School districts are required by law to produce financial reports that meet the state's minimum reporting standards.
However, Everett Public Schools goes beyond that requirement with the Comprehensive Annual Financial Report, which presents financials in a manner consistent with private sector corporations.
Based upon the Comprehensive Annual Financial Report 's information and investor assessment of district's finances, Everett Public Schools has earned one of the highest bond ratings for public schools in the state.
The Comprehensive Annual Financial Report not only serves an important purpose, it earns awards for its accuracy and transparency. For the last 28 years, the Comprehensive Annual Financial Report has earned a Certificate of Excellence from the state's school business association. Only seven other school districts in Washington earned the award this year.
In addition to this being the 28th year the Comprehensive Annual Financial Report has earned the business association award, this is also the eighth year it has earned the Government Finance Officers Association Certificate of Achievement for Excellence in Financial Reporting. Everett Public Schools is one of only five districts in the state this year to earn this second award.