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CESA presenter outlines WUFAR fund structure and urges strategic use to protect instructional dollars
Summary
At a Germantown School District finance committee meeting, CESA director Sarah Viera reviewed WisconsinUniform Financial Accounting Requirements (WUFAR) and urged accurate coding, zero-based budgeting and use of nonoperating funds to shield classroom resources; members asked about a temporary Fund 27 deficit and fund-balance reserves.
SARAH VIERA, director of business services at CESA 1, told the Germantown School District finance committee that WUFAR — the Wisconsin Uniform Financial Accounting Requirements — provides a standardized fund-accounting structure that makes state and federal reporting and aid calculations clearer.
"WUFAR actually stands for something. It's Wisconsin Uniform Financial Accounting Requirements," Viera said, and described the components of an account string (fund, type, object/source, function, location, project) that districts use to track revenues and expenses.
Viera…
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