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

August 23, 2007

GENERAL ITEMS:

Judy Yuran (FMS) opened the meeting by thanking everyone for attending and introductions were made. She stated that Michele Crisman (FMS) would continue discussions on the General Fund Expenditure Trial Balance Tie-Points. Michele proceeded to the main agenda of the meeting.

HANDOUTS:

  • Draft, USSGL by Fund Type

  • Draft, General Fund Expenditure Trial Balance Tie-Points Exception List

  • Draft, General Fund Expenditure Trial Balance Tie-Points

AGENDA ITEMS:

Michele reviewed each line item on the draft, USSGL by Fund Type.

The following actions were noted on the USSGL accounts listed below:

  • 1522, 1523, 1524, 1525, 1526, 1527, and 1529 - Further research is needed on inventory account activity in General Funds.

  • 1690 - Further research is needed on which agencies report this account and why.

  • 2160 - Move to exception list workbook. (Junghee Gogue (SSA) stated that SSA records this account for SSI TAFS 28-0406.)

  • 2170, 4115, 4117, 4118, 4171, 4172, and 4173 - Add to General Fund list.

  • 2179 - Further research is needed (Credit Reform Subcommittee to review).

  • 2510, 2520, 4140, 4141, 4143, 4144, 4148, 4149, 4262, 4263, 5312, 5317, 6310, 7112, and 7212 - Further research is needed on borrowing activity in General Funds.

  • 2540, 4151, 4152, and 4158 - Further research is needed.

  • 2690 - Further research is needed on which agencies report this account and why. (Kathy Sherrill (DOD) will check if DOD still uses this account in their Incurred-But-Not-Reported Statement (IBNR). Michele will pull data from FACTS I for further research.)

  • 4122 - Move to exception list workbook.

  • 5740 and 5745 - Removed from General Fund list of applicable accounts.

  • 5890 - Move to exception list workbook. (IRS uses this account.)

  • 5990 and 5991 - Further research needed pertaining to General Fund receipt accounts.

  • 6199 - Add to the General Fund list. (Credit Reform subcommittee will research further.)

  • 6500 - Further research is needed on inventory/cost of goods sold activity in General Funds.

After the USSGL by Fund Type review, Judy discussed an e-mail inquiry regarding USSGL account 1720, "Construction-in-Progress," submitted by Kathy Sherrill (DOD). Judy asked for clarification on whether DOD includes direct labor when payments are made to contractors. Kathy responded that DOD wanted to use USSGL account 1720 for payments to contractors when no direct labor cost is involved. As a result, USSGL account 1720 will be added to TC B402 in the TFM Supplement, Part I, Section III. Judy also informed Kathy that account transaction B410 will be deleted from Section III because it does not illustrate budgetary transactions.

CLOSING REMARKS:

Judy closed the meeting to give way for the Credit Reform Committee meeting.

ATTENDEES:

Judy Yuran (FMS)
Michele Crisman (FMS)
Melinda Pope (FMS)
Karen Metler (FMS)
Karl Foltz (FMS)
Gwendolen Marshman (FMS)
Keith Mertz (FMS)
Filipina Hartwell (FMS)
Letha Holliday (SSA)
Junghee Gogue (SSA)
Teresa Lampkin (DOT)
Lena Lewis (FMS)
Catherine Irani (GSA)
Theresa Lampkin (DOT)
Jenny Smith (HHS)
Kim Klein (DOC)
Dan Smith (PTO)
Shashi Patel (NSF)
Diane Washington (DOI)
Barb Clark (ED-FSA)
James White (FHA/HUD)
Kathy Sherrill (DOD)
Debra Carey (SEC)
Leon Fleischer (SBA)
Jeff Carr (DOE)


   Last Updated:  March 14, 2014