SMART Finance News You Can Use

Career and Tech Levy Revenue Reporting – Due Wednesday, September 20, 2023Read the July 19 memorandum regarding Career and Technical Education (CTE) Levy Reporting from Assistant Commissioner Angela Mansfield and Director of the Career and College Success Division Sally Reynolds. The CTE Levy reporting system opened July 19 for entering the actual FY23 (2022-23 school year) expenditures. All actual expenditures must be entered for approved CTE programs by Wednesday, September 20.Minne...

With recent legislation, there will be many new UFARS codes and fund balances.  School Business Bulletin No. 72 outlines these changes. Go to this link to view SBB N0. 72 as well as previous SBBs: Financial Management (mn.gov) (we recommend saving this link as a favorite). We will be adding these new codes to SMART Finance as MDE releases them. After these new codes are assigned by MDE, hopefully we will get a new FY24 Revenue Projection Model.

There is a new funding source for ‘between period’ unemployment benefits. To take advantage of this new aid, you must use new object code 281 to record expenditures. Since this aid took effect as of May 28, 2023, FY23 expenses incurred after this date are eligible for the new aid.

Recent legislation allows districts to be reimbursed for ‘between term’ unemployment.  New UFARS object code 281 has been added to Chapter X. You will want to code ‘between term’ unemployment to this new object with a Finance dimension of 000.  Do not code the new unemployment to special ed (finance 740) or any other restricted area.  You may use a generic program number like 790. For now, code all ‘between term’ unemployment to fund 0...

Below is a chart showing the related Course codes by fiscal year to be used for various Covid Federal grants. This chart is revised from MDE’s website with the Finance and Course numbers in each column. Covid Grants administered though SERVS must have the correct Course number. Before yearend, you can work on making sure your accounts are using the correct Course numbers.  This will be discussed at our yearend meetings.  

If you have multiple messages on your Smart Dashboard and would like to delete them, you can now delete multiple lines at once instead of individually. Click on the first line and hold down your SHIFT key, then click on the last line. Right click and choose delete.