U.S. Government Standard General Ledger Issues Resolution Committee (IRC) Meeting Minutes
June 4, 2009
The meeting was held at the Government Accountability Office, 441 G Street, NW., Room 7B15 (the Campbell Room), Washington, DC.
Kathy Winchester (FMS) opened the meeting with introductions and noted that discussions would begin with changes to the reclassified statement crosswalks for the fiscal 2009 Closing Package.
Karl Foltz (FMS) said the two additional USSGL account changes to the USSGL Crosswalk - Reclassified Statement of Net Cost for the Closing Package for Fiscal 2009 Reporting were the result of Multiline Project /GFRS changes. The first change moved USSGL account 6320N, "Interest Expense on Securities," from line 2, Non-Federal Gross Cost, to line 3, Interest on Debt Held by the Public. The second change was the addition of USSGL account 7500, "Distribution of Income-Dividend," to line 5.7, Other Expenses (without reciprocals). The group had no questions or comments.
Edwin Walker (FMS) reviewed the changes to the USSGL Crosswalk - Reclassified Statement of Changes in Net Position for the Closing Package for Fiscal 2009 Reporting. The group had no questions or comments.
Kathy reviewed changes to the USSGL Crosswalk - SF 133: Report on Budget Execution and Budgetary Resources and Statement of Budgetary Resources for Fiscal 2009 Reporting. The group had no questions or comments.
Sherry Pontell (FMS) noted that the domain value "D" was added to the SF 133 line 2B, Anticipated.
Melinda Pope (FMS) reviewed the changes to the USSGL Crosswalk - Budget Program and Financing (P&F) Schedule Prior Year Actual Column for Fiscal 2009. The group agreed without further discussion to all the changes reflected on the USSGL crosswalk.
Kathy said the Treasury Financial Manual (TFM) would be published in June 2009. When the OMB Circular No. A-136, "Financial Reporting Requirements," is issued, the USSGL staff will update the USSGL TFM with all the changes.
Gwen Marshman (FMS) said the USSGL staff will update the USSGL Summary of Changes on the USSGL Web site tomorrow, and it will reflect all the footnote changes.
Michele Crisman (FMS) stated that footnote number 3, which relates to prior-year adjustments on the FACTS II Attribute Table, has been deleted. She also discussed the tie-points related to the General Fund Expenditure Trial Balance Tie-Points - Draft. She noted that many new accounts were added this year as a result of the Multiline Project. Leon Fleischer (SBA) and Kim Klein (DOE) noted that USSGL loan accounts may not apply to the General Fund TAFS. The group agreed with them and all loan accounts were deleted from the workbook. The following changes were made to the Draft USSGL by Fund Type handout:
Michele said that she will update the tie-points workbook and the USSGL Web site.
Kathy noted that the GFRS development group will soon have a data callout to the agencies regarding fiduciary reporting. They will ask the agencies the Treasury Appropriation Fund Symbols (TAFS) that plan to report fiduciary activity for fiscal 2009 reporting.
Kathy closed the meeting and noted that next week the entire meeting would be a discussion on the realignment of the SF 133. She then asked the agency representatives if they had any USSGL-related issues to discuss.
Bruce Henshel (Commerce) requested that the normal balances assigned to USSGL account 4590,"Apportionments-Anticipated Resources-Programs Subject to Apportionment," and USSGL account 4690, "Anticipated Resources-Programs Exempt from Apportionment," be changed to both a debit or a credit. Bruce noted that his request was made because anticipated transfers out by his agency can change the balance from a credit to a debit. It was recognized that it is valid for these accounts to have a either a debit or credit balance, but that it is the USSGL policy to assign only one as the normal balance. After some discussion, Teresa Tancre (OMB) stated that she would not favor changing the normal balance designation to reflect a debit. The group agreed with her and the discussion was closed.
Michele Crisman, FMS