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 Youth Week
Governor Mark Dayton has proclaimed November 2-8, 2014, to be Gifted and Talented Youth Week in Minnesota. In addition to recognizing the unique potential of gifted and talented youth, seize the opportunity to laud the efforts of the parents, educators, counselors and psychologists with whom they work. Their sustained efforts, coupled with the organized advocacy of the Minnesota Council for Gifted and Talented (MCGT) and the Minnesota Educators of Gifted and Talented (MEGT), help make our state one in which gifted learners are honored and valued.