Minnesota legislators passed a new wage theft law in 2019, requiring employers to take affirmative steps to comply. Join us for a discussion about the wage theft compliance challenges experienced by many school districts in the state.
Now that a couple of GASB 75 disclosure cycles are behind us, let's discuss what we see most for common errors or inconsistencies in the financial statements. This session provides tips and reminders from an actuarial perspective on getting the issues spruced up.
Due to federal law changes in 2018, the 2020 Form W-4 is very different from previous forms. This session provides a quick review of the changes, the employee tax estimator, the instructions for completing the new form and where to get more information.
Led by the MASBO Board of Directors, this session provides a forum for members to share questions and experiences for COVID-19 impacts in the areas of community education, fund transfers, and employment issues.
As leaders in the many transitions of our reality today, it's important to know ways to make virtual enhance our work, not just facilitate it. This session will help you show up as an impactful leader in the remote workplace, to understand how to better structure and conduct different kinds of remote meetings, enhance your communications, and best utilize the technologies to lead, connect and get work done. Participants will also receive downloadable materials to help manage virtual communications and meetings.
There have been significant changes to student activity accounts recently due to the new GASB 84 standard being put in place. In this session, we’ll discuss the recent changes to student activity accounts specifically in Minnesota as well as some commonly asked questions and best practices.
The federal government has enacted the Families First Coronavirus Response Act, which is effective April 2, 2020. This bill includes: (1) Emergency Family and Medical Leave Expansion Act, and (2) Emergency Paid Sick Leave. This session includes a brief overview of the two components of this legislation, and will then will answer top questions submitted by MASBO members.
This session provides the process and benefits of creating and maintaining a Cashflow Spreadsheet. A Sample Cashflow Spreadsheet is provided for you to get started and from the Sample Cashflow Spreadsheet you will be able to create a Spreadsheet specific to your school district’s cash flow needs.
Projecting your Average Daily Membership (ADM) is a critical piece in estimating General Education revenue. While there is no way to predict exactly how many students you will have each year, there are some tools that can help you determine if your numbers are "reasonable". This session provides a brief description of the types of pupil units and where they are used. We review tools that look at historical Adjusted ADM and estimate future year Adjusted ADM. This can be used for budgeting General Education revenue in a future year. We also look at fall enrollment and estimate end of year Adjusted ADM to assist with budget revisions.