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:
Gifted and Talented Education Symposium – June 9-12
Registration is now open for the sixth annual Hormel Foundation Gifted and Talented Education Symposium—a collaboration between the Minnesota Department of Education (MDE), the Hormel Foundation and Austin School District. Daily sessions address best practices on the assessment of students for services, program models, social and emotional needs, instructional strategies, under-represented populations, under-achievement, integration of STEM and technology as well as specific content in the areas of science, mathematics, language arts and social studies.