November 7, 2019

In this edition

• FY 2019 LTFM Revenue – Preliminary Review Approved vs. UFARS Expenditures Reconciliation Report and 2018-19 Aid Entitlement Report

ACTION ITEM

FY 2019 LTFM Revenue – Preliminary Review Approved vs. UFARS Expenditures Reconciliation Report and 2018-19 Aid Entitlement Report

Please Note: The Fiscal Year (FY) 2019 Long-Term Facilities Maintenance (LTFM) reconciliation process does not apply to charter schools.

Please review the FY 2019 LTFM Revenue – Preliminary Review of Approved vs. UFARS Expenditures Reconciliation Memorandum, which includes a link to an Excel spreadsheet (FY 2019 LTFM Approved vs. Uniform Financial Accounting and Reporting Standards (UFARS) Costs Reconciliation Report and 2018-19 Aid Entitlement Report). The memo provides an overview on preliminary review of the FY 2019 LTFM approved vs. UFARS expenditures and describes in detail, sections of the cost reconciliation spreadsheet. A link to the 2018-19 Aid Entitlement Report is also included for preliminary reference.

Topics addressed in the memo include the following:

• Introduction of Preliminary Review of FY 2019 LTFM Approved vs. UFARS Expenditure Reconciliation 
  • LTFM Excel Spreadsheet
    • FY 2019 LTFM Approved vs. UFARS Cost Reconciliation Report
    • Spreadsheet Section Review
    • Variance Review
    • Health and Safety Website/UFARS Coding Adjustments
    • Appeal Considerations
  • LTFM 18-19 Aid Entitlement Report – Minnesota Funding Reports (MFR)

If you have questions regarding the FY 2019 LTFM Preliminary Review of Approved vs. UFARS Expenditures Reconciliation memorandum, please contact Sarah C. Miller.

Back to top

Manage Preferences  |  Unsubscribe  |  Help  |  website  |  MDE Staff Directory