SMART Finance News You Can Use

MDE informed Region 1 about a problem with the UFARS/SERVS Budget Comparison report. This report may not match the budget that was entered and approved. See the example below. MDE is not sure when this report will be fixed.  When reconciling federal programs, use the SERVS Manage Applications & Budgets window. In the past, Region 1 has assisted our districts with the UFARS/SERVS reconciliation to avoid losing funding.  If you would like our assistance for FY21, ...

After Region 1 submits your UFARS data to the State, it’s time to review and correct UFARS reporting errors. To see if you have UFARS compliance errors, go to the MDE MFR web site https://public.education.mn.gov/MDEAnalytics/DataTopic.jsp?TOPICID=9If you see ‘No Edit Errors Were Found. Congratulations!’ you have completed UFARS compliance. Otherwise, review the listed errors and post necessary JEs for corrections. If you need assistance, contact Stacy, Kameron, or Way...

According to MDE, the deadline to publish your Budget Publication report is Tuesday November 30th, or within one week of the acceptance of the final audit report by the board, whichever is earlier. There are four reports in Smart Finance to help districts complete this Budget Publication. These reports automatically separate restricted from unrestricted fund balances, revenues, and expenditures. They are located under Custom Reports > Custom Ledger Reports > Budget Publicati...

When using FY21 Revenue Projection model to estimate final revenue for the year on the GenEd tab, don’t forget to change the drop down below to ‘From Report Tab’ from the default of ‘IDEAS’. If this is not changed, the revenue will not reflect the changes made to ADMs on the Report tab.