Goal 6: Responsibly and efficiently allocate resources including finances, facilities, personnel and time.

Objective 3: All financial practices will be approved by an external auditor, and Parkway will annually receive the Certificate of Excellence from the Association of School Business Administrators.

The current status:

  1. AAA Bond Rating re-affirmed by Standard and Poors in Spring 2012 (only four of the 500+ Missouri districts earned this rating)
  2. Parkway received a clean or unqualified opinion from external audit for the 2010-2011 Comprehensive Annual Financial Report (CAFR)
  3. Parkway was notified in May 2012 that it had been awarded its 10th consecutive Certificate of Excellence in Financial Reporting from the Association of School Business Officials for the 2010-2011 report (only five of the 500+ Missouri Districts earned this award)

Why the objective is important:

Given current economic conditions and Parkway's mission-driven demands, maintaining high levels of financial transparency and accountability is required. Part of this transparency and accountability involves meeting or exceeding established standards for accounting and financial practices. Comparing Parkway's performance to these standards allows us to be confident that our practices remain appropriate and are at a level that will allow focus on mission-driven needs.

How the objective is measured:

  1. Standard & Poors Bond Rating
  2. External audit results for Comprehensive Annual Financial Report
  3. Certificate of Excellence in Financial Reporting from the Association of School Business Officials