Accountability and Transparency
Mill Bond Oversight Committee (MBOC)
The Douglas County School District has a Mill Bond Oversight Committee (MBOC) made up of citizens from across our community. The MBOC meets regularly to monitor the progress of the improvements and programs being implemented, and ensure that MLO/ Bond expenditures are in alignment with ballot language approved by voters. The MBOC is looking for new members – if you are interested in volunteering your time to be part of the important committee, visit the MBOC page on our website.
DCSD’s Budget and Accounting departments work to provide accurate financial budgeting, reporting and analysis to DCSD leadership, community stakeholders as well as the Federal and State government on a timely basis. Our goal is to ensure that we are using our resources as effectively as possible for our students, schools, and community.
Government Finance Officers Association (GFOA)
DCSD received the Government Finance Officers Association (“GFOA”) Distinguished Budget Presentation Award for its annual budget document for the fiscal years beginning July 1, 2004 through 2010, and 2014 through 2017. In order to qualify for this award, the government’s budget must be judged proficient as a policy document, a financial plan, an operations guide and a communications device. The District’s budget documents for the budget years beginning July 1, 2011 through 2013 and for the budget years beginning July 1, 2018-2022 were not submitted for awards due to needs identified by the GFOA review for the fiscal year 2018 budget submittal and beyond.
Association of School Business Officials International (ASBO)
DCSD’s 2014-2015 through 2019-2020 budget documents received the Meritorious Budget Award from the Association of School Business Officials International (“ASBO”). The District’s budget documents for 2020-2021 were not submitted for awards due to staff capacity as a result of COVID-19. The 2021-2022 and 2022-2023 budget document again received the Meritorious Budget Award from ASBO and the District intends to submit the 2023- 2024 budget document for award consideration
DCSD’s Bond Rating
Moody’s – Aa1 General Obligation Bond Rating
- Obligations rated Aa1 are judged to be of high quality and are subject to very low credit risk.
- The DCSD continues to maintain healthy reserve levels, although this level is dependent upon the passage of mill levy overrides to supplement state funding.
- The Aa1 credit rating qualifies DCSD for a low interest rate in all borrowing, thus saving taxpayers money.