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:
STEM Forum and Expo, May 20-23!
National Science Teachers Association (NSTA) is hosting their national STEM forum in Minnesota in May. This unique, STEM-focused event is where educators gather to share tools and resources for implementing STEM education into schools and communities. What makes this event so different? The people presenting! One of whom is our own Doug Paulson, agency STEM Specialist. Visit NSTA site to learn more.