The Education Financial System (EFS) is a financial reporting system used by school districts, including local and regional boards of education, charter schools and regional educational service centers.
The EFS provides a standardized set of processes to capture, manage, audit and report financial and statistical information supporting:
- Reporting requirements previously satisfied by Forms ED001, ED001R, and ED001C;
- Per-pupil expenditures by school and district required on state report cards per Federal Every Student Succeeds Act (ESSA);
- Federal F-33 School Level Financial Survey; and
- State reporting requirements of Section 10-10c of the Connecticut General Statutes (Uniform Chart of Accounts - UCOA).
The EFS is effective for reporting data for fiscal years 2017-18 and later.