The purpose of the Uniform Financial Accounting and Reporting Standards (UFARS) GASB 54 Subcommittee is to review the Governmental Accounting Standards Board (GASB) Statement 54, Fund Balance Reporting and Governmental Fund Type Definitions and propose necessary modifications to UFARS to implement the new accounting standard.
Effective for school district and charter school financial reporting for FY 2011 and later years, GASB 54 will require fund balances, which have traditionally been classified as reserved and unreserved, to be classified in one of five categories:
Back-to-School Leadership Conference
FinnFest Education Forum
The Minnesota Department of Education (MDE) and the Minnesota Association of School Administrators (MASA) present the 2014 Back-to-School Leadership Conference, August 5-6. Bring your team! NOTE: The Back-to-School Leadership Conference has been designed to be compatible with the agenda for the FinnFest Education Forum scheduled on August 6-7. At FinnFest, participants are invited to join the discussion with education experts from Finland and the U.S. and create an action plan to address the needs of the next generation. Register for 2014 Leadership Conference.