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U.S. Government Standard General Ledger Issues Resolution Committee (IRC) Meeting Minutes

June 15, 2006

GENERAL ITEMS:

Melinda Pope (FMS) opened the meeting and introductions were made. Melinda noted that the fiscal 2006 and 2007 draft attribute tables and crosswalks presented today are based on the current draft Office of Management and Budget (OMB) Circular Number A-136 "Financial Reporting Requirements," and the draft Treasury Financial Manual (TFM) Volume I, Part 2, Chapter 4700 "Agency Reporting Requirements for the Financial Report of the United States Government." (Both documents are expected to be released in June 2006.) In addition she indicated crosswalk and table formats were standardized. Format changes included eliminating the "pre" and "post" columns, changing the Additional Information Required column comments to footnotes, and replacing attribute asterisks with footnotes.

HANDOUTS:

  • Draft 2108 2006 Crosswalk

  • Draft 2108 2007 Crosswalk

  • Draft Balance Sheet 2006 Crosswalk

  • Draft Balance Sheet 2007 Crosswalk

  • Draft FACTS I 2006 Attribute Table

  • Draft FACTS I 2007 Attribute Table

  • Draft FACTS II 2006 Attribute Table

  • Draft FACTS II 2007 Attribute Table

  • Draft P&F 2006 Crosswalk

  • Draft Reclassified Balance Sheet 2006 Crosswalk

  • Draft Reclassified Statement of Changes in Net Position 2006 Crosswalk

  • Draft Reclassified Statement of Net Cost 2006 Crosswalk

  • Draft Statement of Changes in Net Position 2006 Crosswalk

  • Draft Statement of Changes in Net Position 2007 Crosswalk

  • Draft SF 133 2006 Crosswalk

  • Draft SF 133 2007 Crosswalk

  • Draft Statement of Net Cost 2006 Crosswalk

  • Draft Statement of Financing 2006 Crosswalk

  • Draft Statement of Financing 2007 Crosswalk
AGENDA ITEMS:

Gwen Marshman (FMS) mentioned that all items on the Ballot passed. Four modifications were made following the issuance of the ballot. Those modifications included removing "From Nonfederal Sources" from the proposed account title for USSGL account 2320, "Deferred Credits." The title revision for USSGL account 2990, "Other Liabilities," is effective for 2007 and is not for early implementation. The proposed account titles for USSGL accounts 4123, "Amounts Appropriated From Invested TAFS Reclassified - Receivable - Temporary Reduction/Cancellation," and 4124, "Amounts Appropriated From Invested TAFS Reclassified - Payable - Temporary Reduction/Cancellation," were revised to include "Specific."

Gwen continued and presented the Balance Sheet changes effective for reporting fiscal years 2006 and 2007. The title for line 16 was revised to "Stewardship Property Plant and Equipment (note 11)," and all lines below 16 were renumbered. Due to the removal of the "pre" and "post" columns, the crosswalk includes preclosing versus postclosing balances. The trial balance indicator for USSGL account 3100, "Unexpended Appropriations - Cumulative," was changed from ending to beginning, and all accounts closing to 3100 were added to line numbers 30 and 31. In addition, the trial balance for USSGL account 3310, "Cumulative Results of Operations," was changed from ending to beginning and all accounts closing to 3310 were added to line numbers 32 and 33. USSGL account 1450, "Prepayments," was removed from Balance Sheet line numbers 5 and 14 for reporting fiscal year 2007.

The footnote, "VA benefits only," was deleted from USSGL account 2690, "Other Actuarial Liabilities," on line 6.3, in the Reclassified Balance Sheet. Line numbers 9.1, 9.2, and 9.3 were added. Line 10 was revised to "Total Net Position" with a new calculation, and line 11, "Total Liabilities and Net Position," was added.

Melinda Pope (FMS) presented the changes to the SF 133, Report on Budget Execution and Budgetary Resources (SF 133) and the Statement of Financing (SOF). SF 133 line number 6A was revised to include USSGL accounts 4355, "Cancellation of Appropriation From Unavailable Receipts," 4356, "Cancellation of Appropriation From Invested Balances," and 4357, "Cancellation of Appropriated Amounts Receivable From Invested Trust or Special Funds." USSGL account 1010, "Fund Balance With Treasury," and a corresponding footnote (number 8) were added to line number 19C. Melinda stated that this change supports Treasury Financial Manual (TFM) Bulletin No. 2006-05. All of the footnotes on the SF 133 were renumbered, and all changes are effective for reporting fiscal years 2006 and 2007.

Melinda continued and presented the SOF changes effective for reporting fiscal years 2006 and 2007. USSGL account 1010, "Fund Balance With Treasury," was added to line numbers 4 and 14B. Line titles for line numbers 6 through 9 were revised. USSGL accounts 8803, "Purchases of Inventory and Related Property," and 8804, "Purchases of Assets - Other," were added to line 15, and line 16 was revised to include USSGL account 1620, "Investments in Securities Other Than the Bureau of the Public Debt Securities." Footnotes 47 and 48 were added to the SOF crosswalk.

Several attendees asked about the recently released TFM Bulletin No. 2006-05. Melinda explained that the Bulletin addresses the distribution of certain offsetting receipt accounts. For example, clearing or "F" accounts are now distributed to individual agencies. Previously, these clearing accounts were distributed to the Department of the Treasury. She will forward the Bulletin to the IRC, and she suggested that agencies contact the Financial Management Service Budget Reports Division (BRD) with specific questions. Agencies may also access this bulletin at http://www.fms.treas.gov/tfm/vol1/06-05.pdf.

Karen Metler (FMS) presented the FMS 2108 Yearend Closing Statement (2108) and the Program and Financing Schedule (P&F). The only change for the 2108 was the addition of USSGL account 4357, "Cancellation of Appropriated Amounts Receivable From Invested Trust or Special Funds," to column 11 for reporting fiscal years 2006 and 2007.

USSGL accounts 4355, "Cancellation of Appropriation From Unavailable Receipts," 4356, "Cancellation of Appropriation From Invested Balances," and 4357, "Cancellation of Appropriated Amounts Receivable From Invested Trust or Special Funds," were added to P&F line numbers 2398 and 2441. USSGL accounts 4123, "Amounts Appropriated From Invested TAFS Reclassified - Receivable - Temporary Reduction/Cancellation," 4124, "Amounts Appropriated From Invested TAFS Reclassified - Payable - Temporary Reduction/Cancellation," 4128, "Amounts Appropriated From Specific Invested TAFS - Transfers-In," and 4129, "Amounts Appropriated From Specific Invested TAFS - Transfers-Out," were added to P&F line number 4020. The P&F changes are effective for fiscal reporting year 2006. Karen proposed deleting the Transfer To/From attribute, and Teresa Tancre (OMB) discussed deleting the Deficiency Flag attribute from the P&F. The IRC did not foresee any issues with deleting these two attributes. Karen will remove these attributes from the crosswalk in the next release of the USSGL TFM.

Keith Mertz (FMS) reviewed the revisions for the Statement of Net Cost (SNC) and the Reclassified Statement of Net Cost (RSNC). On lines 1 and 4 of the SNC, the Federal/Nonfederal attribute for USSGL account 7500, "Distribution of Income - Dividend," was revised from "F/N" to "N" effective for reporting periods 2006 and 2007. USSGL account 6720, "Bad Debt Expense," was added to line 5.3, line 5.7 was deleted, and the calculation for line 6 was revised on the RSNC for reporting fiscal year 2006.

Michele Crisman (FMS) reviewed revisions for the FACTS II Attribute Table, the Attribute Definition Report, the Statement of Changes in Net Position (SCNP), and the Reclassified Statement of Changes in Net Position (RSCNP). The definition for domain value, "Apportionment Category C," was revised from "Not Subject to Apportionment" to "Exempt From Apportionment" on the FACTS II Attribute Definition Report and on the Easy Reference worksheet. For USSGL account 4122, "Authority Adjusted for Interest on the Bureau of the Public Debt Securities," the BEA Category attribute domain value on the FACTS II Attribute table was revised from a blank to "Y." USSGL account titles 4123, "Amounts Appropriated From Invested TAFS Reclassified - Receivable - Temporary Reduction/Cancellation," 4124, "Amounts Appropriated From Invested TAFS Reclassified - Payable - Temporary Reduction/Cancellation," 4126, "Amounts Appropriated From Specific Invested TAFS - Receivable," 4127, "Amounts Appropriated From Specific Invested TAFS - Payable," 4128, "Amounts Appropriated From Specific Invested TAFS - Transfers-In," 4129, "Amounts Appropriated From Specific Invested TAFS - Transfers-Out," 4130, "Appropriation To Liquidate Contract Authority Withdrawn," and 4382, "Temporary Reduction - New Budget Authority," were revised per ballot #06-01. USSGL accounts 4355, "Cancellation of Appropriation From Unavailable Receipts," 4356, "Cancellation of Appropriation From Invested Balances," and 4357, "Cancellation of Appropriated Amounts Receivable From Invested Trust or Special Funds," were added to the FACTS II attribute table for reporting fiscal years 2006 and 2007.

The SCNP format was revised for reporting fiscal years 2006 and 2007. "Earmarked Funds" and "All Other Funds" columns were added to all lines. The "Cumulative Results of Operations" column and "Unexpended Appropriations" column were deleted for all lines. The SCNP is now divided into two sections. The first section is "Cumulative Results of Operations," and the second section is "Unexpended Appropriations." No new accounts were added to the crosswalk; however, calculation lines were revised to reflect the format change.

The titles for lines 7.5 and 7.9 were revised for the RSCNP for reporting fiscal year 2006. USSGL accounts 3107, "Unexpended Appropriations - Used" and 5700, "Expended Appropriations" were removed from 7.5 and added to 7.7. Lines 7.6 through 7.8 line numbers and the calculation on line 7.9 were revised.

ATTENDEES:

Michele Crisman, FMS
Keith Mertz, FMS
Karen Metler, FMS
Melinda Pope, FMS
Gwen Marshman, FMS
Toni Clark, FMS
Karl Foltz, FMS
Teresa Lampkin, DOT
David Surti, USDA
Maryla Engelking, DOD
Patrice Cousins, NSF
Maureen Wheeler, FMS
Ofelia Moore, EPA
Traci Carroll, HUD
Natalia Costello, GSA
Barbara Harbell, DOE
Joseph Henry, SBA
Grace Kim, Ed
Geneva Jones, HHS
Su-Fang Stevens, DOJ
Gregory Parker, HUD
Kim Williams, JMD
Valeria Grant, JMD
Dennis Scott, DOJ
Jeanette Kuendel, USPTO
Cindy Scharf, LOC
Janet Winchester, VA
Christine Kent, OPM
Yen Le, OPM
Kathy Dillehay, NOAA
Susan Tyler, NOAA
Webster Coleman, DOL
Teresa Tancre, OMB


   Last Updated:  March 14, 2014