This session is intended to cover new topics in school district accounting and auditing including the implementation of GASB Statements on fiduciary funds, student activities, and leases.
This session will cover important information about the transition of several existing data submission systems as well as new data elements for the 2021-22 school year to Ed-Fi.
This presentation will walk you through the FY 21 Reconciliation Process to review closeout timelines; Cost Reconciliation Report (LTFM Approved vs. UFARS Costs); the 20-21 LTFM Aid Entitlement Report; Appeal Process – how does this all fit together? LTFM details we all should know – aspects of UFARS coding; Ten-Year Expenditures Balance Sheet section; Bonding options; LTFM Revenue calculation.
