# B - Appendix B -- FMLoB Glossary {#b---appendix-b-fmlob-glossary .Heading}

+---------------+----------------------------------------+-------------+
| Term          | Definition                             | Source[^1]  |
+===============+========================================+=============+
| Accounting    | A subset of the agency financial       | FSIO        |
| C             | information classification. The        | Financial   |
| lassification | accounting classification structure    | System      |
|               | provides a means for categorizing      | Re          |
|               | financial information along several    | quirements; |
|               | dimensions as needed to support        |             |
|               | financial management and reporting     | Multiple    |
|               | functions. The data elements an agency | sources     |
|               | includes in its accounting             |             |
|               | classification structure will depend   |             |
|               | in part on the implementation strategy |             |
|               | for the USSGL, data aggregation        |             |
|               | requirements for preparation of        |             |
|               | financial statements under the CFO     |             |
|               | Act, appropriation structure, and      |             |
|               | other reporting and management needs   |             |
|               | of the agency.                         |             |
+---------------+----------------------------------------+-------------+
| Accounts      | Amounts due from others when the right | United      |
| Receivable    | to receive funds accrues. This may     | States      |
|               | result from the performance of         | Standard    |
|               | services, the delivery of goods, or    | General     |
|               | court-ordered assessment.              | Ledger      |
|               |                                        |             |
|               |                                        | <http://ww  |
|               |                                        | w.fms.treas |
|               |                                        | .gov/ussgl/ |
|               |                                        | index.html> |
+---------------+----------------------------------------+-------------+
| Accrual       | The term "accrual" is used in this     | Online      |
|               | document to refer to an accounting     | Accounting  |
|               | transaction to record expenses that    | Dictionary  |
|               | have been incurred or revenues that    |             |
|               | have been earned without regard to     | [http://ww  |
|               | when cash is received or disbursed.    | w.accountin |
|               |                                        | gcoach.com/ |
|               |                                        | accounting- |
|               |                                        | terms/accou |
|               |                                        | nting-dicti |
|               |                                        | onary/#accr |
|               |                                        | ual%20type% |
|               |                                        | 20adjusting |
|               |                                        | %20entry](h |
|               |                                        | ttp://www.a |
|               |                                        | ccountingco |
|               |                                        | ach.com/acc |
|               |                                        | ounting-ter |
|               |                                        | ms/accounti |
|               |                                        | ng-dictiona |
|               |                                        | ry/#accrual |
|               |                                        |  type adjus |
|               |                                        | ting entry) |
+---------------+----------------------------------------+-------------+
| Accrual       | A system of accounting in which        | GAO:        |
| Accounting    | revenues are recorded when earned and  | Glossary of |
|               | expenses are recorded when goods are   | Terms Used  |
|               | received or services are performed,    | in the      |
|               | even though the actual receipt of      | Federal     |
|               | revenues and payment for goods or      | Budget      |
|               | services may occur, in whole or in     | Process     |
|               | part, at a different time.             |             |
|               |                                        | <http://ww  |
|               |                                        | w.gao.gov/n |
|               |                                        | ew.items/d0 |
|               |                                        | 5734sp.pdf> |
+---------------+----------------------------------------+-------------+
| Accrual       | The basis whereby transactions and     | GAO:        |
| Accounting    | events are recognized when they occur, | Glossary of |
| Basis         | regardless of when cash is received or | Terms Used  |
|               | paid.                                  | in the      |
|               |                                        | Federal     |
|               |                                        | Budget      |
|               |                                        | Process     |
|               |                                        |             |
|               |                                        | <http://ww  |
|               |                                        | w.gao.gov/n |
|               |                                        | ew.items/d0 |
|               |                                        | 5734sp.pdf> |
+---------------+----------------------------------------+-------------+
| A             | Is to withhold money payable by the    | Treasury's  |
| dministrative | Government to or held by the           | Managing    |
| (Internal)    | Government for a person or entity in   | Federal     |
| Offsets with  | order to satisfy a debt that the       | Receivables |
| Accounts      | person or entity owes.                 |             |
| Payable       |                                        | <           |
|               |                                        | http://fms. |
|               |                                        | treas.gov/d |
|               |                                        | ebt/Guidanc |
|               |                                        | e_MFR.html> |
+---------------+----------------------------------------+-------------+
| A             | A process whereby a Federal agency     | Treasury's  |
| dministrative | issues a wage garnishment order to a   | Managing    |
| Wage          | delinquent debtor's non-Federal        | Federal     |
| Garnishment   | employer. No court order is required.  | Receivables |
|               | The employer withholds amounts from    |             |
|               | the                                    | <           |
|               |                                        | http://fms. |
|               | employee's wages in compliance with    | treas.gov/d |
|               | the order and pays those amounts to    | ebt/Guidanc |
|               | the Federal creditor agency to which   | e_MFR.html> |
|               | the employee owes a debt.              |             |
+---------------+----------------------------------------+-------------+
| Agency        | The term "Agency" means any executive  | OMB         |
|               | department, military department,       | Circular    |
|               | government corporation,                | A-130,      |
|               | government-controlled corporation,     | Transmittal |
|               | other establishment in the executive   | Memorandum  |
|               | branch of the Federal government, or   | #4,         |
|               | any independent regulatory agency.     | Management  |
|               | Within the Executive Office of the     | of Federal  |
|               | President, the term includes only OMB  | Information |
|               | and the Office of Administration.      | Resources   |
|               |                                        | (           |
|               |                                        | 11/28/2000) |
+---------------+----------------------------------------+-------------+
| Allotment     | A subdivision of an apportionment made | OMB         |
|               | by an agency.                          | Circular    |
|               |                                        | A-11,       |
|               |                                        | P           |
|               |                                        | reparation, |
|               |                                        | Submission  |
|               |                                        | and         |
|               |                                        | Execution   |
|               |                                        | of the      |
|               |                                        | Budget      |
|               |                                        | (6/30/06)   |
+---------------+----------------------------------------+-------------+
| Application   | Receivables resulting from the         |             |
| Fees          | processing of applications submitted   |             |
|               | by parties wishing to participate in a |             |
|               | government offered program or service  |             |
|               | for which applications are necessary   |             |
|               | for participation in exchange for a    |             |
|               | fee.                                   |             |
+---------------+----------------------------------------+-------------+
| Apportionment | A distribution made by OMB of amounts  | OMB         |
|               | available for obligation in an         | Circular    |
|               | appropriation or fund account into     | A-11,       |
|               | amounts available for specified time   | P           |
|               | periods, program, activities,          | reparation, |
|               | projects, objects, or any combinations | Submission  |
|               | of these. The apportioned amount       | and         |
|               | limits the obligations that may be     | Execution   |
|               | incurred. An apportionment may be      | of the      |
|               | further subdivided by an agency into   | Budget      |
|               | allotments, suballotments, and         | (6/30/06)   |
|               | allocations.                           |             |
+---------------+----------------------------------------+-------------+
| Appropriation | A provision of law (not necessarily an | OMB         |
|               | appropriations act) authorizing the    | Circular    |
|               | expenditure of funds for a given       | A-11,       |
|               | purpose. Usually, but not always, an   | P           |
|               | appropriation provides budget          | reparation, |
|               | authority.                             | Submission  |
|               |                                        | and         |
|               |                                        | Execution   |
|               |                                        | of the      |
|               |                                        | Budget      |
|               |                                        | (6/30/06)   |
+---------------+----------------------------------------+-------------+
| Asset Sales   | The dollar amount of proceeds realized | Financial   |
|               | from the sale of a loan or debt        | Management  |
|               | including collections from sales of    | Service: A  |
|               | secured property.                      | bureau of   |
|               |                                        | the         |
|               |                                        | Department  |
|               |                                        | of the      |
|               |                                        | United      |
|               |                                        | States      |
|               |                                        | Treasury    |
|               |                                        |             |
|               |                                        | <h          |
|               |                                        | ttps://www. |
|               |                                        | fms.treas.g |
|               |                                        | ov/debt/Wkb |
|               |                                        | ktest3.htm> |
+---------------+----------------------------------------+-------------+
| Auction       | Fees assessed to government sponsored  |             |
| Receipts      | auction attendees to recoup the costs  |             |
|               | associated with the auction to benefit |             |
|               | the federal agency or program in the   |             |
|               | form of reducing a surplus of goods.   |             |
+---------------+----------------------------------------+-------------+
| Award         | The term "Award Document" is used to   | FSIO        |
| Document      | represent the applicable instrument    | Payments    |
|               | used by an agency to enter into a      | Management  |
|               | contractual arrangement with a         | Focus Group |
|               | provider of goods and/or services.     |             |
+---------------+----------------------------------------+-------------+
| Benefit       | Benefit payments, paid by Federal      |             |
| Overpayments  | agencies, to entities or individuals,  |             |
|               | in excess of the amount prescribed by  |             |
|               | specific guidance governing the        |             |
|               | specific benefit type for which the    |             |
|               | payment was made.                      |             |
+---------------+----------------------------------------+-------------+
| Billed        | An amount owed the Government by an    | Treasury's  |
| Receivables   | individual, organization, or other     | Managing    |
|               | entity to satisfy a debt or claim      | Federal     |
|               | where the government has communicated  | Receivables |
|               | to the debtor the terms of the debt or | <htt        |
|               | claim in the form of a bill.           | p://www.fms |
|               |                                        | .treas.gov/ |
|               |                                        | debt/MFR/Gl |
|               |                                        | ossary.pdf> |
+---------------+----------------------------------------+-------------+
| Budget        | The Budget of the United States        | FASAB       |
|               | Government setting forth the           |             |
|               | President's comprehensive financial    | Statement   |
|               | plan for allocating resources. The     | of Federal  |
|               | Government uses the budget system to   | Financial   |
|               | allocate resources among its major     | Accounting  |
|               | functions and individual programs. The | Standards   |
|               | budget process has three main phases:  | No. 24      |
|               | formulation, congressional action on   |             |
|               | the budget, and execution.             |             |
+---------------+----------------------------------------+-------------+
| Budget        | The authority provided by law to incur | OMB         |
| Authority     | financial obligations that will result | Circular    |
|               | in outlays. Specific forms of budget   | A-11,       |
|               | authority include appropriations,      | P           |
|               | borrowing authority, contract          | reparation, |
|               | authority, and spending authority from | Submission  |
|               | offsetting collections.                | and         |
|               |                                        | Execution   |
|               |                                        | of the      |
|               |                                        | Budget      |
|               |                                        | (6/30/06)   |
+---------------+----------------------------------------+-------------+
| Budget        | Includes Funds Control and provides    | OMB         |
| Execution     | features to record, distribute, and    | Circular    |
|               | control budget authority and spending  | A-11,       |
|               | in accordance with the provisions of   | P           |
|               | OMB Circular A-11, Part 4, and         | reparation, |
|               | Instructions on Budget Execution.      | Submission  |
|               | Budget execution provides the ability  | and         |
|               | to track the effects of financial      | Execution   |
|               | events on the sources and uses of      | of the      |
|               | budgetary resources authorized by the  | Budget      |
|               | President and Congress. Its primary    | (6/30/06)   |
|               | purpose is to ensure that spending     |             |
|               | does not exceed funds appropriated or  |             |
|               | authorized.                            |             |
+---------------+----------------------------------------+-------------+
| Budget        | During this phase of the budget cycle, | OMB         |
| Formulation   | the Executive Branch prepares the      | Circular    |
|               | President's budget. OMB and the        | A-11,       |
|               | Federal Agencies begin preparing the   | P           |
|               | next budget almost as soon as the      | reparation, |
|               | President has sent the last one to     | Submission  |
|               | Congress. OMB officially starts the    | and         |
|               | process by sending planning guidance   | Execution   |
|               | to Executive Branch Agencies in the    | of the      |
|               | spring. The President completes this   | Budget      |
|               | phase by sending the budget to         | (6/30/06)   |
|               | Congress on the first Monday in        |             |
|               | February, as specified in law,         |             |
|               | although occasionally Presidents have  |             |
|               | sent it later for various reasons.     |             |
+---------------+----------------------------------------+-------------+
| Business Unit | For the purpose of this document,      |             |
|               | business unit refers to any program or |             |
|               | administrative office/unit other than  |             |
|               | Finance or Acquisition units.          |             |
+---------------+----------------------------------------+-------------+
| Carryover     | Funding collected in one fiscal year   | Treasury    |
|               | that was not obligated and is          | Directive:  |
|               | available to be used to meet           | 31-04       |
|               | requirements in the next fiscal year.  |             |
|               |                                        | <http:      |
|               |                                        | //www.treas |
|               |                                        | .gov/regs/t |
|               |                                        | d31-04.htm> |
+---------------+----------------------------------------+-------------+
| Commitment    | A commitment is an administrative      | OMB         |
|               | reservation of funds that have not yet | Circular    |
|               | been obligated. Agencies use           | A-11,       |
|               | commitment accounts for the internal   | P           |
|               | control of budgetary resources and to  | reparation, |
|               | help prevent unauthorized use of       | Submission  |
|               | available resources.                   | and         |
|               |                                        | Execution   |
|               |                                        | of the      |
|               |                                        | Budget      |
|               |                                        | (6/30/2006) |
+---------------+----------------------------------------+-------------+
| Concentration | Moves funds from an account that       | Treasury    |
|               | settles the transactions to the        | Financial   |
|               | Treasury General Account Fund at the   | Management  |
|               | Federal Reserve Bank of New York.      | Service     |
+---------------+----------------------------------------+-------------+
| Concession    | Receivables resulting from an          |             |
| Rents         | agreement between the agency and a     |             |
|               | party where the agency extends the use |             |
|               | of agency property for the party to    |             |
|               | conduct a function or business in      |             |
|               | return for a fee.                      |             |
+---------------+----------------------------------------+-------------+
| Core          | A core financial management system     | OMB         |
| Financial     | supports both the key financial        | Circular    |
| System        | management business processes of an    | A-127,      |
|               | agency as well as the financial        | Financial   |
|               | aspects of non-financial management    | Management  |
|               | business processes (e.g.,              | Systems     |
|               | Acquisitions, Budget Planning,         | (Draft)     |
|               | Payroll, Property, Grants, and         |             |
|               | Travel). Financial management business |             |
|               | processes of an agency are defined as: |             |
|               |                                        |             |
|               | -   Budget and Finance                 |             |
|               |                                        |             |
|               | ```{=html}                             |             |
|               | <!-- -->                               |             |
|               | ```                                    |             |
|               | -   Accounting                         |             |
|               |                                        |             |
|               | -   Collections and Receivables        |             |
|               |                                        |             |
|               | -   Payments                           |             |
|               |                                        |             |
|               | -   Assets and Liabilities             |             |
|               |                                        |             |
|               | -   Reporting and Information          |             |
|               |                                        |             |
|               | The above processes are further        |             |
|               | defined in the Office of Federal       |             |
|               | Financial Management (OFFM) Core       |             |
|               | Financial Systems Requirements.        |             |
+---------------+----------------------------------------+-------------+
| Credit Debt   | The complete credit process, which is  | Treasury's  |
| Ma            | composed of four phases: credit        | Managing    |
| nagement/Debt | extension, account servicing,          | Federal     |
| Collection    | delinquent debt collection, and        | Receivables |
| Cycle         | ter                                    | <htt        |
|               | mination/write-off/close-out/discharge | p://www.fms |
|               | of indebtedness.                       | .treas.gov/ |
|               |                                        | debt/MFR/Gl |
|               |                                        | ossary.pdf> |
+---------------+----------------------------------------+-------------+
| Credit Reform | The purposes of the Credit Reform Act  | United      |
|               | of 1990, are to:                       | States      |
|               |                                        | Code: 2     |
|               | \(1\) Measure more accurately the      | U.S.C. §    |
|               | costs of Federal credit programs       | 661         |
|               |                                        |             |
|               | \(2\) Place the cost of credit         | [           |
|               | programs on a budgetary basis          | http://www. |
|               | equivalent to other Federal spending   | gpoaccess.g |
|               |                                        | ov/uscode/i |
|               | \(3\) Encourage the delivery of        | ndex.html]( |
|               | benefits in the form most appropriate  | http://www. |
|               | to the needs of beneficiaries          | gpoaccess.g |
|               |                                        | ov/uscode/i |
|               | \(4\) Improve the allocation of        | ndex.html ) |
|               | resources among credit programs and    |             |
|               | between credit and other spending      |             |
|               | programs.                              |             |
+---------------+----------------------------------------+-------------+
| Department of | The DOJ manages government-wide debt   | Justice     |
| Justice Debt  | through the use of the Debt Management | Management  |
| Management    | Module (DMM) which contains records of | Division: A |
|               | payments and administrative offsets of | division of |
|               | funds received and disbursed by the    | the United  |
|               | DOJ resulting from the litigation and  | States      |
|               | enforced collection of civil and       | Department  |
|               | criminal debts owed to the United      | of Justice  |
|               | States.                                |             |
|               |                                        | <http://www |
|               |                                        | .usdoj.gov/ |
|               |                                        | jmd/foia/jm |
|               |                                        | ddcdms.htm> |
+---------------+----------------------------------------+-------------+
| Disbursements | Amounts paid out by Federal agencies   | TFM,        |
|               | during the fiscal year. This term is   | Supplement  |
|               | used interchangeably with the term     | to Volume   |
|               | outlay.                                | I, Fund     |
|               |                                        | Balance     |
|               |                                        | with        |
|               |                                        | Treasury    |
|               |                                        | Rec         |
|               |                                        | onciliation |
|               |                                        | Procedures  |
|               |                                        | (10/4/2002) |
+---------------+----------------------------------------+-------------+
| Document Line | Document line represents contract or   |             |
|               | subcontract line items on a commitment |             |
|               | obligation or payment document.        |             |
+---------------+----------------------------------------+-------------+
| DOJ Referral  | Unless an agency has specific          | Treasury's  |
|               | statutory authority to litigate its    | Managing    |
|               | own debts, it must refer debts to DOJ  | Federal     |
|               | for litigation, including bankruptcy   | Receivables |
|               | litigation. Debts for which the        | <htt        |
|               | principal amount is \$1,000,000 or     | p://www.fms |
|               | less must be referred through DOJ\'s   | .treas.gov/ |
|               | Nationwide Central Intake Facility     | debt/MFR/Gl |
|               | (NCIF). FMS will refer to DOJ for      | ossary.pdf> |
|               | litigation, debts that have been       |             |
|               | referred to FMS for cross-servicing,   |             |
|               | when appropriate.                      |             |
+---------------+----------------------------------------+-------------+
| Donations     | Gift of assets to a Federal agency, or |             |
|               | component there-of. The item donated   |             |
|               | is recorded at its fair market value   |             |
|               | on the donation date. The donor does   |             |
|               | not have an owner\'s interest as a     |             |
|               | result of the donation.                |             |
+---------------+----------------------------------------+-------------+
| Employee      | Receivables resulting from employee    |             |
| Allowances    | receipts of funds in excess of actual  |             |
|               | expense.                               |             |
+---------------+----------------------------------------+-------------+
| Employee      | Receivables resulting from benefits    |             |
| Benefits      | paid on behalf of the employee that    |             |
| Reimbursement | the employee must reimburse when they  |             |
|               | return to a pay status.                |             |
+---------------+----------------------------------------+-------------+
| Employee      | Receivables resulting from an          |             |
| Overpayments  | administrative error where an employee |             |
|               | received payments that were later to   |             |
|               | be found unauthorized.                 |             |
+---------------+----------------------------------------+-------------+
| Employee      | Receivables resulting from             |             |
| Training      | government-sponsored training in       |             |
| Reimbursement | exchange for a fee from attendees.     |             |
+---------------+----------------------------------------+-------------+
| Employee      | Receivables resulting from the advance |             |
| Travel        | to employees to cover employee travel  |             |
| (Advances)    | expenses not to exceed the obligation  |             |
|               | amount.                                |             |
+---------------+----------------------------------------+-------------+
| Enterprise    | A strategic information asset base     | E           |
| Architecture  | that defines the mission, the          | -Government |
|               | information necessary to perform the   | Act of      |
|               | mission, the technologies necessary to | 2002, Title |
|               | perform the mission, and the           | II, Chapter |
|               | transitional processes for             | 36 Section  |
|               | implementing new technologies in       | 3601        |
|               | response to changing mission needs.    |             |
+---------------+----------------------------------------+-------------+
| Federal       | To facilitate efforts to transform the | Federal     |
| Enterprise    | Federal government to one that is      | Enterprise  |
| Architecture  | citizen-centered, results-oriented,    | A           |
|               | and market-based, the Office of        | rchitecture |
|               | Management and Budget (OMB) is         | Program     |
|               | developing the Federal Enterprise      | Management  |
|               | Architecture (FEA), a business-based   | Office      |
|               | framework for Government-wide          |             |
|               | improvement.                           |             |
|               |                                        |             |
|               | The FEA is being constructed through a |             |
|               | collection of interrelated "reference  |             |
|               | models" designed to facilitate         |             |
|               | cross-agency analysis and the          |             |
|               | identification of duplicative          |             |
|               | investments, gaps, and opportunities   |             |
|               | for collaboration within and across    |             |
|               | Federal agencies.                      |             |
+---------------+----------------------------------------+-------------+
| Federal       | The BRM is a function-driven framework | OMB         |
| Enterprise    | for describing the lines of business   | Circular    |
| Architecture  | and internal functions performed by    | A-11,       |
| Business      | the Federal government independent of  | Preparing,  |
| Reference     | the agencies that perform them. The    | Executing,  |
| Model (BRM)   | BRM serves as the business layer of    | and         |
|               | the Federal Enterprise Architecture    | Submitting  |
|               | (FEA). It provides a foundation on     | the Budget  |
|               | which the applications, data, and      |             |
|               | technology layers of the FEA are       |             |
|               | developed. Agency Capital Asset Plans  |             |
|               | (Exhibit 300s) will be mapped against  |             |
|               | this framework to identify             |             |
|               | opportunities for cross-agency         |             |
|               | collaboration and potential system     |             |
|               | redundancies.                          |             |
+---------------+----------------------------------------+-------------+
| Federal       | The Federal Enterprise Architecture    | Federal     |
| Enterprise    | Framework (FEAF) provides an organized | Enterprise  |
| Architecture  | structure and a collection of common   | A           |
| Framework     | terms by which Federal segments can    | rchitecture |
|               | integrate their respective             | Framework,  |
|               | architectures into the Federal         | V.1.1,      |
|               | Enterprise Architecture (FEA).         | Federal CIO |
|               |                                        | Council,    |
|               |                                        | September   |
|               |                                        | 1999        |
+---------------+----------------------------------------+-------------+
| Federal       | Any payment made by an agency. The     | Treasury    |
| Payment       | term includes, but is not limited to:  | Green Book  |
|               | (1) Federal wage, salary, and          |             |
|               | retirement payments; (2) vendor and    |             |
|               | expense reimbursement payments; (3)    |             |
|               | benefit payments; and (4)              |             |
|               | miscellaneous payments including, but  |             |
|               | not limited to, interagency payments,  |             |
|               | grants, loans, fees, principal,        |             |
|               | interest, and other payments related   |             |
|               | to United States marketable and        |             |
|               | non-marketable securities, overpayment |             |
|               | reimbursements, and payments under     |             |
|               | Federal insurance or guarantee         |             |
|               | programs for loans.                    |             |
+---------------+----------------------------------------+-------------+
| Financial     | A branch of accounting. The most       | FASAB,      |
| Accounting    | noteworthy interpretations or          | SFFAS No.   |
|               | classifications are those about which  | 1:          |
|               | data pertain to the past and which     | Objectives  |
|               | pertain to the future. In other words, | of Federal  |
|               | financial accounting is largely        |             |
|               | concerned with assigning the value of  | Financial   |
|               | past transactions to appropriate time  | Reporting   |
|               | periods.                               |             |
+---------------+----------------------------------------+-------------+
| Financial     | Any occurrence having financial        | OMB         |
| Event         | consequences to the Federal government | Circular    |
|               | related to the receipt of              | A-127,      |
|               | appropriations or other financial      | Financial   |
|               | resources; acquisition of goods or     | Management  |
|               | services; payments or collections;     | Systems     |
|               | recognition of guarantees, benefits to | (           |
|               | be provided, or other potential        | 07/23/1993) |
|               | liabilities; or other reportable       |             |
|               | financial activities.                  |             |
+---------------+----------------------------------------+-------------+
| Financial     | Financial systems and the financial    | Federal     |
| Management    | portions of mixed systems necessary to | Financial   |
| Systems       | support financial management,          | Management  |
|               | including manual or automated          | Improvement |
|               | processes, procedures, controls,       | Act         |
|               | hardware, software, and support        | (FFMIA),    |
|               | personnel. Financial systems include   |             |
|               | an information system, comprised of    | OMB         |
|               | one or more applications, that is used | Circular    |
|               | for (1) collecting, processing,        | A-127,      |
|               | maintaining, transmitting or reporting | Financial   |
|               | data about financial events; (2)       | Management  |
|               | supporting financial or budgeting      | Systems     |
|               | activities; (3) accumulating and       | (           |
|               | reporting cost information; or (4)     | 07/23/1993) |
|               | supporting the preparation of          |             |
|               | financial statements.                  |             |
+---------------+----------------------------------------+-------------+
| Financial     | A financial system supports the        | OMB         |
| System        | financial management business          | Circular    |
|               | processes required in an agency to     | A-127,      |
|               | track financial events to provide      | Financial   |
|               | financial information that is          | Management  |
|               | significant to the financial           | Systems     |
|               | management of the agency and is used   | (Draft)     |
|               | for the preparation of agency          |             |
|               | financial statements. A financial      |             |
|               | system encompasses both automated and  |             |
|               | manual processes, procedures, internal |             |
|               | controls, and a data repository and    |             |
|               | may include multiple applications that |             |
|               | are integrated through a common        |             |
|               | database or are electronically         |             |
|               | interfaced, as necessary, to meet      |             |
|               | defined data and processing            |             |
|               | requirements to record financial       |             |
|               | events. These core applications        |             |
|               | directly support the financial         |             |
|               | management business processes of an    |             |
|               | agency.                                |             |
+---------------+----------------------------------------+-------------+
| Fines         | Applied amounts on accounts and loans  | United      |
|               | receivable due to the delinquency of a | States      |
|               | debt or noncompliance with terms of a  | Standard    |
|               | preexisting agreement.                 | General     |
|               |                                        | Ledger      |
|               |                                        |             |
|               |                                        | <http://ww  |
|               |                                        | w.fms.treas |
|               |                                        | .gov/ussgl/ |
|               |                                        | index.html> |
+---------------+----------------------------------------+-------------+
| Freedom of    | Allows any person to request access to | United      |
| Information   | Federal agency records or information. | States      |
| Act           | Federal agencies are required to       | Code: 5     |
|               | disclose records upon receipt of a     | U.S.C. §    |
|               | written request, except for records    | 552         |
|               | that are protected from disclosure by  |             |
|               | nine exemptions or three exclusions in | [           |
|               | the Act.                               | http://www. |
|               |                                        | gpoaccess.g |
|               |                                        | ov/uscode/i |
|               |                                        | ndex.html]( |
|               |                                        | http://www. |
|               |                                        | gpoaccess.g |
|               |                                        | ov/uscode/i |
|               |                                        | ndex.html ) |
+---------------+----------------------------------------+-------------+
| Gifts         | Assets given to Federal agencies in    |             |
|               | cash or other form for which the       |             |
|               | Federal entity has no future           |             |
|               | obligation to the individual or        |             |
|               | entity, relative to the gift.          |             |
+---------------+----------------------------------------+-------------+
| Grants        | A federal financial assistance award   | GAO:        |
|               | making payment in cash or in kind for  | Glossary of |
|               | a specified purpose.                   | Terms Used  |
|               |                                        | in the      |
|               |                                        | Federal     |
|               |                                        | Budget      |
|               |                                        | Process     |
|               |                                        |             |
|               |                                        | <http://ww  |
|               |                                        | w.gao.gov/n |
|               |                                        | ew.items/d0 |
|               |                                        | 5734sp.pdf> |
+---------------+----------------------------------------+-------------+
| Industrial    | The Industrial Funding Fee (IFF)       | General     |
| Funding Fees  | reimburses the General Services        | Services    |
|               | Administration (GSA) for the costs of  | Admi        |
|               | operating Federal Supply Schedules     | nistration, |
|               | program and recoups its operating      | [http://    |
|               | costs from ordering activities. The    | www.gsa.gov |
|               | IFF has been added by the Government   | ](http://ww |
|               | to the contract price and is reflected | w.gsa.gov/) |
|               | in the total amount charged to the     |             |
|               | ordering activities.                   |             |
+---------------+----------------------------------------+-------------+
| Information   | The protection of information and      | Federal     |
| Security      | information systems from unauthorized  |             |
|               | access, use, disclosure, disruption,   | Information |
|               | modification, or destruction in order  | Security    |
|               | to provide: (1) integrity, which means | Management  |
|               | guarding against improper information  | Act of 2002 |
|               | modification or destruction, and       |             |
|               | includes ensuring information          |             |
|               | non-repudiation and authenticity; (2)  |             |
|               | confidentiality, which means           |             |
|               | preserving authorized restrictions on  |             |
|               | access and disclosure, including means |             |
|               | for protecting personal privacy and    |             |
|               | proprietary information; and (3)       |             |
|               | availability, which means ensuring     |             |
|               | timely and reliable access to and use  |             |
|               | of information.                        |             |
+---------------+----------------------------------------+-------------+
| Information   | A discrete set of information          | OMB         |
| System        | technology, data, and related          | Circular    |
|               | resources, such as personnel,          | A-11,       |
|               | hardware, software, and associated     | P           |
|               | information technology services        | reparation, |
|               | organized for the collection,          | Submission  |
|               | processing, maintenance, use, sharing, | and         |
|               | dissemination, or disposition of       | Execution   |
|               | information.                           | of the      |
|               |                                        | Budget      |
|               |                                        | (6/30/06)   |
+---------------+----------------------------------------+-------------+
| Information   | Any equipment, or interconnected       | FAR 2.101   |
| Technology    | system(s) or subsystem(s) of           |             |
|               | equipment, that is used in the         |             |
|               | automatic acquisition, storage,        |             |
|               | manipulation, management, movement,    |             |
|               | control, display, switching,           |             |
|               | interchange, transmission, or          |             |
|               | reception of data or information by    |             |
|               | the agency.                            |             |
+---------------+----------------------------------------+-------------+
| Interest      | Interest is a sum paid or calculated   | Treasury's  |
|               | for the use of capital. Financing      | Managing    |
|               | interest is the charge assessed as a   | Federal     |
|               | cost of extending credit as            | Receivables |
|               | distinguished from additional interest | <htt        |
|               | which is the charge assessed on        | p://www.fms |
|               | delinquent debts in order to           | .treas.gov/ |
|               | compensate the Government for the time | debt/MFR/Gl |
|               | value of money owed and not paid when  | ossary.pdf> |
|               | due. Additional interest is accrued    |             |
|               | and assessed from the date of          |             |
|               | delinquency.                           |             |
+---------------+----------------------------------------+-------------+
| Internal      | A subset of management controls are    | OMB         |
| Control       | the internal controls used to assure   | Circular    |
|               | that there is prevention or timely     | A-123,      |
|               | detection of unauthorized acquisition, | M           |
|               | use, or disposition of the entity's    | anagement's |
|               | assets.                                | Res         |
|               |                                        | ponsibility |
|               |                                        | for         |
|               |                                        | Internal    |
|               |                                        | Control     |
|               |                                        | (Effective  |
|               |                                        | beginning   |
|               |                                        | with Fiscal |
|               |                                        | Year 2006)  |
|               |                                        | (Revised    |
|               |                                        | 12/21/2004) |
+---------------+----------------------------------------+-------------+
| Internal      | Process for assessing the              | OMB         |
| Control over  | effectiveness of an entity's internal  | Circular    |
| Financial     | control over financial reporting.      | A-123,      |
| Reporting     |                                        | M           |
|               |                                        | anagement's |
|               |                                        | Res         |
|               |                                        | ponsibility |
|               |                                        | for         |
|               |                                        | Internal    |
|               |                                        | Control,    |
|               |                                        | Appendix A  |
|               |                                        | (Revised    |
|               |                                        | 12/21/2004) |
+---------------+----------------------------------------+-------------+
| Internal      | Is where an agency that is owed a      | Treasury's  |
| Offset        | delinquent debt is also making one or  | Managing    |
|               | more payments to its debtor and the    | Federal     |
|               | agency determines that the payments    | Receivables |
|               | can be offset to collect the debt.     |             |
|               | Internal Offset is a subset of         | <           |
|               | Administrative Offset.                 | http://fms. |
|               |                                        | treas.gov/d |
|               |                                        | ebt/Guidanc |
|               |                                        | e_MFR.html> |
+---------------+----------------------------------------+-------------+
| Intra         | Intra-Governmental Payment and         | Treasury    |
| -Governmental | Collection (IPAC) System is comprised  | Financial   |
| Payment and   | of three interrelated subsystems: (1)  | Manual,     |
| Collection    | the IPAC application that processes    | Part 6,     |
|               | Intra-Governmental Federal funds       | Chapter     |
|               | transfers between Agencies, (2) the    | 4000,       |
|               | Retirement and Insurance Transfer      | Intrago     |
|               | System (RITS) that processes           | vernment-al |
|               | retirement and health insurance        | Payment and |
|               | payments by Federal agencies to the    | Collection  |
|               | Office of Personnel Management (OPM),  | (IPAC)      |
|               | and (3) the Treasury Receivable        | System      |
|               | Accounting and Collection System       |             |
|               | (TRACS) that processes check           |             |
|               | disbursement data returned to Federal  |             |
|               | Agencies for which Treasury has        |             |
|               | disbursing authority.                  |             |
+---------------+----------------------------------------+-------------+
| Investments   | The long-term asset category of a      | Online      |
|               | classified balance sheet that appears  | Accounting  |
|               | immediately after the current assets.  | Dictionary  |
|               | Listed in this category would be a     |             |
|               | bond sinking fund, funds held for      | <http:/     |
|               | construction, the cash surrender value | /www.accoun |
|               | of a life insurance policy owned by    | tingcoach.c |
|               | the company, and long-term investments | om/accounti |
|               | in stocks and bonds.                   | ng-terms/ac |
|               |                                        | counting-di |
|               |                                        | ctionary/ac |
|               |                                        | counting-te |
|               |                                        | rms-I.html> |
+---------------+----------------------------------------+-------------+
| IPAC          | A transaction processed through a      | Financial   |
| Transaction   | Treasury-based system for which        | Management  |
|               | Federal Program Agencies (FPA) the     | Service: A  |
|               | intra-governmental transfer of funds,  | bureau of   |
|               | with descriptive data from one FPA to  | the         |
|               | another.                               | Department  |
|               |                                        | of the      |
|               |                                        | United      |
|               |                                        | States      |
|               |                                        | Treasury    |
|               |                                        |             |
|               |                                        | <htt        |
|               |                                        | p://www.fms |
|               |                                        | .treas.gov/ |
|               |                                        | goals/ipac/ |
|               |                                        | index.html> |
+---------------+----------------------------------------+-------------+
| Judgments     | Amounts owed to the agency resulting   |             |
| (Accident     | from a judgment, in the agencies       |             |
| Claims)       | favor, entitling them to receipt of    |             |
|               | funds resulting from an external       |             |
|               | party's non- compliance with a         |             |
|               | preexisting agreement and/or           |             |
|               | negligence.                            |             |
+---------------+----------------------------------------+-------------+
| Leases        | A legal agreement to pay rent to the   | Online      |
|               | lessor for a stated period of time.    | Accounting  |
|               | Sometimes the lease is in substance a  | Dictionary  |
|               | purchase of an asset and a financing   |             |
|               | arrangement. For example, if a company | [http://ww  |
|               | agrees to lease a forklift truck for   | w.accountin |
|               | 60 months and the agreement cannot be  | gcoach.com/ |
|               | canceled without purchasing the asset, | accounting- |
|               | it is possible the arrangement is more | terms/accou |
|               | than a mere rental of equipment.       | nting-dicti |
|               |                                        | onary/#accr |
|               |                                        | ual%20type% |
|               |                                        | 20adjusting |
|               |                                        | %20entry](h |
|               |                                        | ttp://www.a |
|               |                                        | ccountingco |
|               |                                        | ach.com/acc |
|               |                                        | ounting-ter |
|               |                                        | ms/accounti |
|               |                                        | ng-dictiona |
|               |                                        | ry/#accrual |
|               |                                        |  type adjus |
|               |                                        | ting entry) |
+---------------+----------------------------------------+-------------+
| Loans         | Financial assets created by the        | Government  |
|               | Government by providing money, goods   | Accounting  |
|               | or services directly or indirectly to  | Standards   |
|               | the beneficiary entities, which        | Advisory    |
|               | entails a contractual right to receive | Board       |
|               | back the moneys (or equivalents) along | P           |
|               | with interest                          | ublication: |
|               |                                        | Accounting  |
|               | thereon, if any, as per terms and      | Standards   |
|               | conditions of the loan agreements.     | for the     |
|               |                                        | Union       |
|               |                                        | Government  |
|               |                                        | and the     |
|               |                                        | State       |
|               |                                        | G           |
|               |                                        | overnments, |
|               |                                        | Exposure    |
|               |                                        | Draft 6,    |
|               |                                        | Issued      |
|               |                                        | March 30,   |
|               |                                        | 2007.       |
|               |                                        |             |
|               |                                        | [http://www |
|               |                                        | .gasab.gov. |
|               |                                        | in/pdf/Expo |
|               |                                        | sure%20Draf |
|               |                                        | t%206%20%20 |
|               |                                        | Loans%20and |
|               |                                        | %20Advances |
|               |                                        | %20Made%20b |
|               |                                        | y%20Governm |
|               |                                        | ents.pdf](h |
|               |                                        | ttp://www.g |
|               |                                        | asab.gov.in |
|               |                                        | /pdf/Exposu |
|               |                                        | re Draft 6  |
|               |                                        |  Loans and  |
|               |                                        | Advances Ma |
|               |                                        | de by Gover |
|               |                                        | nments.pdf) |
+---------------+----------------------------------------+-------------+
| Management    | Management controls are the            | OMB         |
| Controls      | organization, policies, and procedures | Circular    |
|               | used by Agencies to reasonably ensure  | A-123,      |
|               | that (1) programs achieve their        | M           |
|               | intended results; (2) resources are    | anagement's |
|               | used consistent with Agency mission;   | Res         |
|               | (3) programs and resources are         | ponsibility |
|               | protected from waste, fraud, and       | for         |
|               | mismanagement; (4) laws and            | Internal    |
|               | regulations are followed; and (5)      | Control     |
|               | reliable and timely information is     | (Effective  |
|               | obtained, maintained, reported, and    | beginning   |
|               | used for decision making.              | with Fiscal |
|               |                                        | Year 2006)  |
|               | Management controls, in the broadest   | (Revised    |
|               | sense, include the plan of             | 12/21/2004) |
|               | organization, methods, and procedures  |             |
|               | adopted by management to ensure that   |             |
|               | its goals are met. Management controls |             |
|               | include processes for planning,        |             |
|               | organizing, directing, and controlling |             |
|               | program operations.                    |             |
+---------------+----------------------------------------+-------------+
| Managerial    | Managerial cost accounting should be a | FASAB,      |
| Cost          | fundamental part of the financial      | SFFAS No.   |
| Accounting    | management system and, to the extent   | 4:          |
|               | practicable, should be integrated with | Managerial  |
|               | other parts of the system. Managerial  | Cost        |
|               | costing should use a basis of          | Accounting  |
|               | accounting, recognition, and           | Standards   |
|               | measurement appropriate for the        | and         |
|               | intended purpose. Cost information     | Concepts    |
|               | developed for different purposes       |             |
|               | should be drawn from a common data     |             |
|               | source, and output reports should be   |             |
|               | reconcilable to each other             |             |
+---------------+----------------------------------------+-------------+
| Miscellaneous | Funds received that cannot be          |             |
| Receipts      | identified to a particular Federal     |             |
|               | program.                               |             |
+---------------+----------------------------------------+-------------+
| Non           | Sale of goods or services where the    |             |
| -Reimbursable | basis of the exchange is not governed  |             |
| Sale of Goods | by a reimbursable agreement or trading |             |
| or Services   | partner transaction.                   |             |
| (User Fees)   |                                        |             |
+---------------+----------------------------------------+-------------+
| Non-Monetary  | An exchange between parties for goods  |             |
| Exchange      | received, services rendered, or other  |             |
| Transactions  | activity in accordance with a          |             |
|               | preexisting agreement where an         |             |
|               | exchange of anything other than        |             |
|               | currency is the basis for payment.     |             |
+---------------+----------------------------------------+-------------+
| Non-Monetary  | Transactions not involving the         |             |
| Transactions  | exchange of currency.                  |             |
+---------------+----------------------------------------+-------------+
| N             | Payments in the form of check not      |             |
| on-Sufficient | processed by a Financial Institution   |             |
| Funds Checks  | (FI) when the payment amount is in     |             |
|               | excess of the payee's account balance  |             |
|               | at the time of the FI's payment        |             |
|               | processing activity.                   |             |
+---------------+----------------------------------------+-------------+
| Outlay        | Outlay means a payment to liquidate an | OMB         |
|               | obligation (other than the repayment   | Circular    |
|               | of debt principal). Outlays generally  | A-11,       |
|               | are equal to cash disbursements but    | P           |
|               | also are recorded for cash-equivalent  | reparation, |
|               | transactions, such as the subsidy cost | Submission  |
|               | of direct loans and loan guarantees,   | and         |
|               | and interest accrued on public issues  | Execution   |
|               | of the public debt. Outlays are the    | of the      |
|               | measure of Government spending.        | Budget      |
|               |                                        | (6/30/06)   |
+---------------+----------------------------------------+-------------+
| Payee         | A person, corporation, or other public |             |
|               | or private entity that is authorized   |             |
|               | to receive a Federal payment from an   |             |
|               | agency.                                |             |
+---------------+----------------------------------------+-------------+
| Payment       | A government disbursement of monies to | Treasury    |
|               | any payee, including vendors,          | Financial   |
|               | employees, private citizens, state, or | Manual      |
|               | local and foreign governments in       |             |
|               | accordance with Contract terms. The    |             |
|               | payment management function consists   |             |
|               | of the following processes: payee      |             |
|               | information maintenance, payment       |             |
|               | warehousing, payment execution, and    |             |
|               | payment confirmation and follow-up.    |             |
+---------------+----------------------------------------+-------------+
| Penalties     | A charge assessed on delinquent debts  | Treasury's  |
|               | to discourage delinquencies and        | Managing    |
|               | encourage early payment of the         | Federal     |
|               | delinquent debt in full.               | Receivables |
|               |                                        | <htt        |
|               |                                        | p://www.fms |
|               |                                        | .treas.gov/ |
|               |                                        | debt/MFR/Gl |
|               |                                        | ossary.pdf> |
+---------------+----------------------------------------+-------------+
| Program       | Generally defined as an organized set  | A Glossary  |
|               | of activities directed toward a common | of Terms    |
|               | purpose or goal, undertaken or         | Used in the |
|               | proposed by an agency in order to      | Federal     |
|               | carry out its responsibilities. In     | Budget      |
|               | practice, however, the term has many   | Process     |
|               | uses and thus does not have a          | (GAO        |
|               | well-defined, standard meaning in the  | 09/2005)    |
|               | legislative process. It is used to     |             |
|               | describe an agency's mission,          |             |
|               | programs, functions, activities,       |             |
|               | services, projects, and processes.     |             |
+---------------+----------------------------------------+-------------+
| Program       | Payment expected by a specific         |             |
| Overpayments  | program, from a program beneficiary,   |             |
| Not Processed | in excess of original cost not yet     |             |
| in the Core   | processed in the Core Financial        |             |
| Financial     | System.                                |             |
| System        |                                        |             |
+---------------+----------------------------------------+-------------+
| Rebates       | Refunds resulting from a purchase of   |             |
|               | goods.                                 |             |
+---------------+----------------------------------------+-------------+
| Reimbursable  | A sum (1) that is received by an       | GAO:        |
| Activity      | agency as a payment for commodities    | Glossary of |
|               | sold or services furnished either to   | Terms Used  |
|               | the public or to another government    | in the      |
|               | account, and (2) that is authorized by | Federal     |
|               | law to be credited directly to         | Budget      |
|               | specific appropriation and fund        | Process     |
|               | accounts. Reimbursements between two   |             |
|               | accounts for goods or services are     | <http://ww  |
|               | usually expenditure                    | w.gao.gov/n |
|               | transactions/transfers.                | ew.items/d0 |
|               |                                        | 5734sp.pdf> |
+---------------+----------------------------------------+-------------+
| Relocation    | Receivables resulting from employee    |             |
|               | receipts of funds in excess of actual  |             |
|               | cost of relocating employees or        |             |
|               | employees not fulfilling the           |             |
|               | requirements of the agreement where    |             |
|               | they would be subject to payback the   |             |
|               | original amount paid by the agency.    |             |
+---------------+----------------------------------------+-------------+
| Salary Offset | Is the process of collecting a         | Treasury's  |
|               | delinquent Federal non-tax debt from a | Managing    |
|               | Federal employee's current pay without | Federal     |
|               | his or her consent. Salary offset      | Receivables |
|               | should be accomplished through         | <htt        |
|               | centralized offset, unless centralized | p://www.fms |
|               | offset is unavailable.                 | .treas.gov/ |
|               |                                        | debt/MFR/Gl |
|               |                                        | ossary.pdf> |
+---------------+----------------------------------------+-------------+
| Sale of Goods | A revenue account that reports the     | Online      |
| and Services  | sales of merchandise. Sales are        | Accounting  |
|               | reported in the accounting period in   | Dictionary  |
|               | which title to the merchandise was     |             |
|               | transferred from the seller to the     | <http:/     |
|               | buyer.                                 | /www.accoun |
|               |                                        | tingcoach.c |
|               |                                        | om/accounti |
|               |                                        | ng-terms/ac |
|               |                                        | counting-di |
|               |                                        | ctionary/ac |
|               |                                        | counting-te |
|               |                                        | rms-I.html> |
+---------------+----------------------------------------+-------------+
| Settlement    | Settlement refers to the accounting    | Treasury    |
|               | process recording the respective debit | Financial   |
|               | and credit positions of the two        | Management  |
|               | parties involved in a transfer of      | Service     |
|               | funds.                                 |             |
|               |                                        |             |
|               | Funds are available for use and may be |             |
|               | drawn at any time afterward. Funds     |             |
|               | transferred through Fed Wire are       |             |
|               | available for use at the time the      |             |
|               | transfer occurs, and are settled by    |             |
|               | adjusting the reserve account balances |             |
|               | of the sending and receiving banks.    |             |
|               | Checks, automated clearinghouse        |             |
|               | transfers, and other payments between  |             |
|               | banks are settled on a provisional     |             |
|               | basis, because the possibility exists  |             |
|               | that the person initiating the         |             |
|               | transfer of funds may not have         |             |
|               | sufficient funds to cover the payment, |             |
|               | or the payment cannot be processed for |             |
|               | various reasons.                       |             |
+---------------+----------------------------------------+-------------+
| Shared        | Shared services are a bringing         |             |
| Services      | together of functions that are         |             |
|               | frequently duplicated across component |             |
|               | Agencies and delivering these services |             |
|               | more efficiently and with a customer   |             |
|               | service orientation. Sharing services  |             |
|               | leads to the elimination of            |             |
|               | redundancies.                          |             |
+---------------+----------------------------------------+-------------+
| Sharing       | An agreement established between two   |             |
| Agreements    | or more parties for the purpose of     |             |
| (Billing)     | sharing the use of an asset.           |             |
+---------------+----------------------------------------+-------------+
| Sharing       | An agreement established between two   |             |
| Agreements    | or more parties for the purpose of     |             |
| (Collections) | sharing the use of an asset.           |             |
+---------------+----------------------------------------+-------------+
| Single        | A unified set of financial systems and | OMB         |
| Integrated\   | the financial portions of mixed        | Circular    |
| Financial\    | systems (e.g., Acquisition)            | A-127,      |
| Management    | encompassing the software, hardware,   | Financial   |
| System        | personnel, processes (manual and       | Management  |
|               | automated), procedures, controls, and  | Systems     |
|               | data necessary to carry out financial  | (           |
|               | management functions, manage the       | 07/23/1993) |
|               | financial operations of the agency,    |             |
|               | and report on the agency's financial   |             |
|               | status to central agencies, Congress,  |             |
|               | and the public.                        |             |
+---------------+----------------------------------------+-------------+
| Tax           | Amounts of identifiable, measurable,   | United      |
| Receivables   | and legally enforceable taxes due from | States      |
| and Duties    | entities.                              | Standard    |
|               |                                        | General     |
|               |                                        | Ledger      |
|               |                                        |             |
|               |                                        | <http://ww  |
|               |                                        | w.fms.treas |
|               |                                        | .gov/ussgl/ |
|               |                                        | index.html> |
+---------------+----------------------------------------+-------------+
| Transactions  | Monies distributed to a U.S.           | Financial   |
| in Foreign    | government agency that must be         | Management  |
| Currency      | converted to the U.S. dollar           | Service: A  |
|               | equivalent using the current United    | bureau of   |
|               | States Treasury's reporting rates of   | the         |
|               | exchange.                              | Department  |
|               |                                        | of the      |
|               |                                        | United      |
|               |                                        | States      |
|               |                                        | Treasury    |
|               |                                        |             |
|               |                                        | <ht         |
|               |                                        | tp://www.fm |
|               |                                        | s.treas.gov |
|               |                                        | /intn.html> |
+---------------+----------------------------------------+-------------+
| Treasury      | The process whereby agencies refer     | Treasury's  |
| Cr            | delinquent Federal non-tax debts to    | Managing    |
| oss-Servicing | FMS or DOJ for collection. FMS or DOJ  | Federal     |
|               | apply a variety of collection tools    | Receivables |
|               | once agencies refer their debts.       | <htt        |
|               |                                        | p://www.fms |
|               |                                        | .treas.gov/ |
|               |                                        | debt/MFR/Gl |
|               |                                        | ossary.pdf> |
+---------------+----------------------------------------+-------------+
| Treasury Debt | A Program sponsored by the United      | Financial   |
| Management    | States Department of Treasury, Debt    | Management  |
|               | Management Services (DMS), is to       | Service: A  |
|               | improve the quality of the Federal     | bureau of   |
|               | government\'s financial management by  | the         |
|               | increasing the collection of           | Department  |
|               | delinquent debt owed to the            | of the      |
|               | government, by providing debt          | United      |
|               | management services to all Federal     | States      |
|               | agencies, and by protecting the        | Treasury    |
|               | financial interests of the American    |             |
|               | taxpayer. DMS also develops and        | <http://w   |
|               | implements government-wide debt        | ww.fms.trea |
|               | management policies.                   | s.gov/debt/ |
|               |                                        | index.html> |
+---------------+----------------------------------------+-------------+
| Treasury      | The [manual issued by the Financial    | Green Book, |
| Financial     | Management                             | Glossary    |
| Manual        | Service](ht                            |             |
|               | tp://www.fms.treas.gov/tfm/index.html) |             |
|               | containing procedures to be observed   |             |
|               | by all Agencies, FRBs, and FIs with    |             |
|               | respect to payments, collections,      |             |
|               | central accounting, financial          |             |
|               | reporting, and other government-wide   |             |
|               | fiscal responsibilities of the         |             |
|               | Treasury.                              |             |
+---------------+----------------------------------------+-------------+
| Trust Fund    | Trust funds are those designated by    | United      |
| Programs      | law as such, whereby receipts are      | States      |
|               | earmarked for spending on specific     | Standard    |
|               | purposes. Trust funds are established  | General     |
|               | to carry out purposes of a trust       | Ledger,     |
|               | agreement or statute.                  | Federal     |
|               |                                        | Trust Fund  |
|               |                                        | Accounting  |
|               |                                        | Guide.      |
|               |                                        |             |
|               |                                        | <           |
|               |                                        | http://www. |
|               |                                        | fms.treas.g |
|               |                                        | ov/ussgl/tf |
|               |                                        | guide.html> |
+---------------+----------------------------------------+-------------+
| Unbilled      | Receivables resulting from an agency   |             |
| Overpayments  | payment to a party in excess of the    |             |
|               | actual cost where the agency has not   |             |
|               | yet communicated, in the form of a     |             |
|               | bill, the excess payment to the party. |             |
+---------------+----------------------------------------+-------------+
| United States | A uniform list of accounts that        | Treasury    |
| Standard      | support transactions that standardizes | Financial   |
| General       | Federal agency accounting and supports | Manual,     |
| Ledger        | the preparation of standard external   |             |
| (USSGL)       | reports. The U.S. Government Standard  | Volume I    |
|               | General Ledger Chart of Accounts (1)   |             |
|               | provides control over all financial    |             |
|               | transactions and resource balances,    |             |
|               | (2) satisfies basic reporting          |             |
|               | requirements of OMB and Treasury, and  |             |
|               | (3) integrates proprietary and         |             |
|               | budgetary accounting.                  |             |
+---------------+----------------------------------------+-------------+
| User Fees     | Fees which the service or program      |             |
|               | beneficiary pays for the cost of the   |             |
|               | services received, or the burden       |             |
|               | imposed on the program in the form of  |             |
|               | a fee.                                 |             |
+---------------+----------------------------------------+-------------+
| USSGL Account | An account within the uniform chart of | Volume I,   |
|               | accounts used by Federal agencies to   | U.S.        |
|               | record budgetary and proprietary       | Government  |
|               | accounting transactions.               | Standard    |
|               |                                        | General     |
|               |                                        | Ledger      |
|               |                                        | (Uniform    |
|               |                                        | Chart of    |
|               |                                        | Accounts    |
|               |                                        | 08/2006)    |
+---------------+----------------------------------------+-------------+
| Vendor        | Receivables resulting from vendor      |             |
| Overpayments  | receipts of funds in excess of the     |             |
|               | actual cost.                           |             |
+---------------+----------------------------------------+-------------+
| Vendor        | The electronic transfer of funds and   | Treasury    |
| Payment       | payment-related information used by    | Greenbook,  |
|               | the Federal government for payments to | Guide to    |
|               | businesses that provide goods and      | Federal ACH |
|               | services to Federal agencies and other | Payments    |
|               | payment recipients, such as            | and         |
|               | State/local governments and            | Collections |
|               | educational institutions.              |             |
+---------------+----------------------------------------+-------------+

[^1]: Sources are provided if available; otherwise, the term definition
    was developed for clarification of terminology.