For over 50 years, the Association of School Business Officials International (ASBO) has honored school districts for high-quality Annual Comprehensive Financial Reports (ACFR). Transparency and quality financial information are critical in today’s educational environment and the Kettle Moraine School District takes this responsibility very seriously. Preparation of the ACFR report is led by KMSD Finance Manager Jeremy Struss and supported by members of the business office and district leadership team. Kettle Moraine has received this annual award 28 consecutive times and is currently the only Wisconsin School District to earn this honor. Annually across the country, only about four percent of school districts earn this designation.
Kettle Moraine prepares the Annual Comprehensive Financial Report to show our community that we are committed to transparent stewardship of public funds as well as to improve our financial reporting with review comments from school finance professionals and certified public accountants from across the country. In addition, our annual ACFR is taken into account by credit-rating agencies to help maintain the district's ratings with Standard and Poors and Moody's, which in turn helps the district secure more favorable financing for district initiatives.