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:
Facts and Information About Ebola
The Minnesota Department of Education (MDE) is working with the Minnesota Department of Health (MDH) to provide information about the Ebola virus to schools. And though, officials and health experts continue to stress that the risk to Minnesotans is currently very low, Gov Dayton and and MDH Commissioner Ehlinger have convened leaders in the health, human services and public safety sectors to develop prevention plans for our state. Call the Ebola Information Line: 651-201-3920 or 1-800-657-3903.