Announcement No. A-2010-05

September 2010

PDF FilePDF File
(Click here to download Adobe Acrobat Reader)

Subject: Publication of Federal Account Symbols and Titles (FAST) Book I and FAST Book II

1. Purpose

This announcement informs agencies that FAST Book I (standard version) and new FAST Book II (data standardization version) will be published under Transmittal Letter (T/L) No. S1 10-01. When T/L S1 10-01 is published, both FAST Book I and FAST Book II will be available on the FAST Book Web site at http://www.fms.treas.gov/fastbook.

In support of standardizing data elements, the Financial Management Service (FMS) and the Office of Management and Budget (OMB) partnered to establish a standard three-digit agency identifier code. Eventually, the new three-digit code will replace the current two-digit department regular code that FMS and OMB use for transaction processing and central reporting. FAST Book II will support the new three-digit agency identifier component of the Treasury Account Symbol (TAS) format as published by the Financial Systems Integration Office in the Common Governmentwide Account Classification Structure (CGAC) V1.0 July 2007 publication. CGAC V1.0 defined an eight-digit component TAS, and the three-digit agency identifier code is one of the eight-digit TAS components. FAST Book II standardizes the data elements of all Treasury Account Fund Symbols by including the three-digit agency identifier code TAS component.

2. Summary of Changes

In general FAST Book II standardization changes include:

3. FMS Application Updates

Currently, FMS is updating its transaction and reporting systems to collect and display the component TAS. Beginning in mid-November 2010, agencies will be able to use either the current TAS format or the component TAS format in some of the Governmentwide Accounting applications, such as the Account Statement and the Classification Transactions and Accountability Module. In the spring of 2011, the Intra-governmental Payment and Collection System will provide the flexibility to accept and display either the current TAS or the component TAS. FMS expects other FMS applications that manage collection and payment transactions will begin to move to the component TAS format during 2012.

In January 2013, the Governmentwide Treasury Account Symbol Adjusted Trial Balance System (GTAS) will replace the functionality of the Federal Agenciesí Centralized Trial-Balance System (FACTS) I and FACTS II, the Intragovernmental Fiduciary Confirmation System, and the Intragovernmental Reporting and Analysis System as the primary means of reporting agency trial-balance data. GTAS will require all agencies to submit their accounting data only in the new component TAS format.

FMS encourages agencies to stay up to date with data standardization within the FMS applications with which they do business and to develop an implementation strategy that will allow them to utilize the component TAS format to support these applications and their expected rollout dates.

4. Inquiries

Direct questions concerning this announcement to:

Budget Reports Division
Financial and Budget Reports Directorate
Governmentwide Accounting
Financial Management Service
Department of the Treasury
3700 East-West Highway, Room 5D25
Hyattsville, MD 20782
Telephone: 202-874-6689
Fax: 202-874-9966