U.S. Government Standard General Ledger Issues Resolution Committee (IRC) Meeting Minutes
February 28, 2008
This meeting was held at the General Accounting Office, 441 G Street NW., Room 7B15, Washington, DC.
Judy Yuran (FMS) opened the meeting and briefly discussed the USSGL Multiline Project Reciprocal Category Matrix. This matrix summarizes all the new accounts and changes to existing accounts that are being proposed for the Multiline Project.
Michele Crisman (FMS) led the discussion on the draft USSGL Multiline Project Reciprocal Category Matrix. Bruce Henshel (DOC) and Kathy Sherrill (DOD) questioned the necessity of a one-for-one match between revenue accounts and receivable accounts for interest. The general consensus was that there is no compelling reason to have that level of detail. Michele stated that the USSGL staff would put the 134X USSGL accounts on hold until a specific need is identified. Bruce also questioned the need to break out fines and penalties. He suggested that the administrative burden and cost may outweigh the benefit.
Eileen Parlow (FASAB) pointed out that the phrase, "Applies only to non-credit reform," should be added to the definition of the following USSGL accounts:
Leon Fleischer (SBA) gave a brief update on the Credit Reform working group. He stated that the group members are working on a case study for negative subsidies. They also are reviewing several USSGL accounts that may no longer be necessary.
Judy asked if agency representatives had any other issues to discuss. Then she closed the meeting.
Judy Yuran, FMS