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Germantown advisers outline WUFAR fund structure to protect classroom dollars
Summary
Sarah Viera of CESA 1 told the Germantown School District board that Wisconsin’s Uniform Financial Accounting Requirements (WUFAR) provide a fund structure that can shield classroom (Fund 10) dollars by properly coding costs to special education, capital, food service and community funds; she and staff also explained a temporary Fund 27 deficit is a timing issue tied to reimbursement schedules.
Sarah Viera, director of business services at CESA 1, presented to the Germantown School District board on how the Wisconsin Uniform Financial Accounting Requirements (WUFAR) and a disciplined fund structure can protect instructional dollars and improve long-term fiscal stability.
WUFAR, Viera said, is the state’s standard fund-accounting framework. “WUFAR stands for Wisconsin Uniform Financial Accounting Requirements,” she said, adding that the standard helps districts meet generally accepted accounting principles and Governmental Accounting Standards Board requirements while easing state and federal reporting and aid calculations.
Viera walked the board through the major funds that districts use and how Germantown is applying them. She said Fund 10 is the district’s primary operating fund, funded by local property taxes and state aid, and that the board’s fund-balance policy helps indicate…
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