SMART Finance News You Can Use

The FY27 Revenue Projection Model is now available. Go to MDE’s website here to download a copy: https://public.education.mn.gov/MDEAnalytics/DataTopic.jsp?TOPICID=247.If you would like assistance with next year’s revenue budget, send Region 1 your FY27 adjusted pupil estimates. We will use those pupil estimates to create a revenue budget using the Budget Workpapers in SMART Finance.If you begin working on the FY27 Budget, note the following: It includes the FY26 What-if (FY27 won&rs...

If your district wants to create requisitions for FY26-27 in SMARTeR, the Accounting Calendar in SMART Finance needs to be opened through July (open the GL in both 202613 & 202614). Make sure to open both the GL and AP in 202701. To create a requisition for FY26-27, enter 07/01/2026 in the Date required field of the requisition entry screen.  This will change the GL period to 202701 on the detail lines of the Requisition. (Note: Depending on the security level, the person ente...

Before we know it, FY26 fiscal year end will be here! Region 1 will go into your districts and close the first 6 months of the FY26 calendar. This allows us to see if anything is unposted out there. If you need to reopen a month you can do that. We have also run the Chapter 10 report and will or have reached out to those districts that have items that need to be addressed.Below are some cleanup items you will want to start looking at as you have time: Purchase Orders Go to Purchase Orders/P...

We will be sending 1099 instructions at the beginning of December.  All 1099s must be e-filed by 01/31/2026! This leaves little time for corrections without jumping through hoops to e-file correcting 1099s. Initial accuracy is at a premium. In preparation, please review your initial 1099 balances by going to Agency>Vendor 1099’s>Vendor 1099 Balance. Enter 2025 in the Year column and click Find.