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:
Full-Day Kindergarten Implementation Seminar
Register now for Transformational Full-Day Kindergarten Teachers: Motivating the Learner in EVERY Child. The Minnesota Department of Education is hosting a seminar on October 21, 2014, 9 a.m. - 3 p.m. Districts and charter schools are invited to learn effective practices for full-day kindergarten implementation, with a special emphasis on working with culturally and linguistically diverse students and students in poverty. For additional information, contact Debbykay Peterson.