Advisory Committee on Financial Management
UFARS Redesign Subcommittee
The purpose of the Uniform Financial Accounting and Reporting Standards (UFARS) Redesign Subcommittee is to review and evaluate key UFARS design elements and make recommendations to the Advisory Committee on Financial Management, Accounting and Reporting and the Minnesota Department of Education. These recommendations related to changes needed to minimize districts’ reporting burdens, as well as to more efficiently and effectively:
• Deliver the financial data needed to calculate state and federal aids.
• Meet state and federal data reporting requirements.
• Ensure that state and local policymakers and other stakeholders have the information needed to evaluate system performance and make informed program and budget decisions.
UFARS Redesign Committee Introduction Presentation
