This page has been created to provide relevant information concerning the establishment of an employee benefit trust and the accounting associated with the trust.
For districts using Fund 73 OPEB trust, send new studies to firstname.lastname@example.org. Districts not using Fund 73 OPEB are not requried to submit the studies to DPI, but do need to have them available for their auditors per the GASB requirement.
DPI presentation at the 2013 Skyward Users Group Conference - First part is WUFAR changes. Second part is things your auditor should be looking for regarding Fund 73 OPEB and the OPEB edits done by DPI.
Things to consider when establishing an employee benefit trust fund
August 4, 2006 Letter to School District Administrators, CESA Administrators, CCDEB Administrators
From: David Carlson, Director, School Financial Services Team - Subject: Fund 73 Employee Benefit Trust
DPI Requirements for Fund 73
Employee Benefit Fund (Fund 73) Requirements
Employee Benefit Fund Requirements (Updated 4/4/13)
Major Points of the Employee Benefit Fund Requirements (Updated 4/4/13)
Special Education Categorical Aid Eligibility
Excel Worksheet to Determine Aid Eligibility of Fund 73 Contribution 2013-14 (data as of 4/14/14)
Excel Worksheet to Determine Aid Eligibility of Fund 73 Contribution 2012-13
Excel Worksheet to Determine Aid Eligibility of Fund 73 Contribution 2011-12
Excel Worksheet to Determine Aid Eligibility of Fund 73 Contribution 2010-11
Excel Worksheet to Determine Aid Eligibility of Fund 73 Contribution 2009-10
2005 Wisconsin ACT 99 (Updated 2/22/11)
Accounting for trust activity
Sample of Activity (updated 7/21/14) - On Exhibit E, Example #3 was added for the year end accrual of the contribution to the trust. (updated 6/11/14) - On Exhibit A, #2, the yellow boxes were separated for retiree portion remitted to the trust and retiree portion paid directly to insurance vendor by retiree (self-pay). The self-pay amount is included on the Sample of Activity only for the calculation of the actual implicit rate subsidy.
Fund 73 - Account Descriptions and OPEB Sample Entries (updated 10/23/13)
Note to school districts/others with fund 73
Many decisions are required during the establishment of an employee benefit trust fund (fund 73). These decisions are the sole responsibility of the school district. DPI does not make a determination regarding legality or risks associated with the trust including investments and debt. DPI does provide guidance on how to account for the activity for filing DPI required reports and determination of district aid eligibility.
Please contact one of the School Finance Team Auditors located on the Staff Directory.