U.S. Government Standard General Ledger Board and
Issues Resolution Committee Meeting Minutes

May 27, 2004

GENERAL ITEMS

Judy Yuran (FMS) opened the meeting and introductions were made. Judy informed the IRC that the meeting would cover changes to crosswalks and a presentation on Reciprocal Categories. Judy also noted the Closing Package Crosswalks will be delayed until further notice.

Meeting Handouts

• 2004 and 2005 FACTS II Attribute Table Summary of Changes Crosswalk
  
  
• 2004 Budget Program & Financing (P&F) Crosswalk
  
  
• 2005 FMS 2108: Yearend Closing Statement Crosswalk
  
  
• 2004 and 2005 SF 133: Report on Budget Execution & Budgetary Resources Crosswalk
  
  
• 2004 Statement of Financing Crosswalk
  
  
• 2004 USSGL Account Attributes Required for FACTS I Reporting of Detailed Information Crosswalk
  
  
• 2004 Balance Sheet Crosswalk
  
  
• 2004 Statement of Net Cost Crosswalk
  
  
• 2004 Statement of Changes in Net Position Crosswalk

Agenda Items

Ben Sussman (FMS) presented two concerns relating to Reciprocal Categories (RC). Ben stated that there are limitations on 1-to-1 matches as it relates to reciprocal categories. The first concern is with RC #3 (Federal Securities Interest Expense/Federal Securities Interest Revenue (Exchange)) and RC #4 (Federal Securities Interest Expense/Federal Securities Interest Revenue (NonExchange)). The problem is that the expense associated with the revenue cannot be broken out between exchange and non-exchange. This may be a problem when comparing the Closing Package line items with the Reciprocal Categories of Elimination of Intragovernmental Activity and Balances because the Closing Package reports exchange and non-exchange interest separately.

The second concern is with RC #5 (Borrowing Interest Expense/Borrowing Interest Revenue (Exchange)) and RC #10 (Other Interest Expense-Interest Revenues). Ben stated that FMS is combining the two reciprocal categories (5 and 10) because without the ability to separate out the exchange and non-exchange expense, similar to above, there is no need to distinguish between the two categories. However, in both instances Ben indicated that they are working on a way to separate the expenses for a 1-to-1 comparison with the Closing Package line items.

Melinda Pope (FMS) provided the Issue Resolution Committee (IRC) with the changes to the FACTS II 2004 and 2005 Attribute Tables, the 2004 P&F Crosswalk, the 2004 Statement of Financing, and the 2005 Yearend Closing Statement Crosswalk.

Shadonna Broaddus (FMS) presented changes to the SF 133 for 2004 and 2005. HHS explained the purpose of adding USSGL account 5750 on line 16 of the SF 133 (SBR) by stating that the account is needed to reconcile distributed offsetting receipts with budget receipt totals.

Gwen Marshman (FMS) presented changes to the 2004 USSGL Account Attributes Required for FACTS I Reporting, and the 2004 Balance Sheet Crosswalk. Gwen also stated that no changes were made to the Statement of Custodial Activity for fiscal years 2004 and 2005.

Keith Mertz (FMS) presented the 2004 Statement of Net Cost Crosswalk.

Karl Foltz (FMS) presented the 2004 Statement of Changes in Net Position Crosswalk.

OPEN DISCUSSION:

Judy Yuran (FMS) noted that initially, FMS will be working with five federal agencies to determine how those agencies report miscellaneous receipts. She believes that determining how miscellaneous receipts are reported will help in resolving the Net Position Plug in the Government Financial Report.

ATTENDEES

Judy Yuran, FMS
Melinda Pope, FMS
Gwen Marshman, FMS
Keith Mertz, FMS
Michele Crisman, FMS
Karl Foltz, FMS
Shadonna Broaddus, FMS
Christine Chang, FMS
Ben Sussman, FMS
Aida Garner-Middleton, STATE
Barbara Hill, DoD
Eleanor Hume, DoD
Cathy Cribbs, DoD
Bob Booker, DoD/DFAS
Elodia Holzbaur, DOC
Barbara Harbell, DOE
Linda P. Rodgers, HUD
Joe McAndrew, Treasury
Leslie Liu, NRC
Tim Svekierka, FCC
Joseph Henry, SBA
Warren Cattingham, DHS
Marilyn Evans, DHS
Earl Barnes, GSA
Charles Hores, ED
Janice Alexander, NSF
Michael Swanchara, GSA
Teresa Lampkin, DOT
Christine Kent, DOT
Kotora Padgett, DoJ
Veronica Freeman, DOL
Ann Burnell, HHS
Insuk Chinn, HHS
Cindy Wilbur, OPM
Gregory Parker, HUD
Margaret Lo-Hing, FMS