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  Financial Management Line of        
  Business                            

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Migration Planning Guidance (Version 1)

Chapter 7: Related Mandates and Requirements

This chapter provides a listing of existing mandates and requirements
related to the Financial Management Line of Business (FMLoB) initiative.
This listing is presently updated through July 13, 2006.

Table of Contents

Federal Legislation [1](#federal-legislation)

U.S. Code [2](#u.s.-code)

Statements of Federal Financial Accounting Standards
[2](#statements-of-federal-financial-accounting-standards)

Office of Management and Budget Guidance
[3](#office-of-management-and-budget-guidance)

Treasury Financial Manual [3](#__RefHeading___Toc140604809)

Other Federal Standards, Guidelines, and Regulations
[3](#other-federal-standards-guidelines-and-regulations)

Federal Financial Management System Requirements
[4](#federal-financial-management-system-requirements)

Additional Administrative Security Requirements
[4](#additional-administrative-security-requirements)

  --------- -------------------------------------------------------------
  Section   Related Mandates and Requirements

  7.0       
  --------- -------------------------------------------------------------

This section provides a listing of existing mandates and requirements
related to the Financial Management Line of Business (FMLoB) initiative.
This listing is presently updated through July 13, 2006.

# Federal Legislation

-   Cash Management Improvement Act of 1990 (CMIA) (Public Law No.
    101-453), extended by the Cash Management Improvement Act Amendments
    of 1992 (Public Law No. 102-589)

-   Chief Financial Officers Act of 1990 (Public Law No. 101-576)

-   Clinger-Cohen Act of 1996 (Information Technology Management Reform
    Act, Division E of Public Law No. 104-106)

-   Computer Security Act of 1987 (Public Law No. 100-235)

-   Debt Collection Improvement Act of 1996 (Public Law No. 104-134)

-   Defense Authorization Act for FY1991 (Public Law No. 101-510, §
    1405(a)) amended 31 U.S.C. subtitle II, ch. 15, subch. IV, Closing
    Accounts, §§ 1551--1557,

-   Electronic Signatures in Global and National Commerce Act (ESIGN) of
    2000 (Public Law No. 106-229, 114 Stat. 464 (2000) (codified at 15
    U.S.C. § 7001 et seq.))

-   Federal Financial Management Improvement Act of 1996 (Public Law No.
    104-208)

-   Federal Information Security Management Act (FISMA) of 2002 (48
    U.S.C. § 3541)

-   Federal Managers' Financial Integrity Act of 1982 (Public Law No.
    97-255)

-   Federal Records Act of 1950, as amended (Records Management by
    Federal Agencies, 44 U.S.C. § 3101 et seq.)

-   Freedom of Information Act and Amendments of 1974 (Public Law No.
    93-502) (5 U.S.C. § 552)

-   Government Information Security Reform Act (GISRA) (Public Law
    106-398, dated October 30, 2000, Title X, Subtitle G f the Defense
    Authorization Act)

-   Government Management Reform Act of 1994 (Public Law No. 103-356)

-   Government Paperwork Elimination Act of 1998 (Public Law No.
    105-277)

-   Government Performance and Results Act of 1993 (Public Law No.
    103-62)

-   Improper Payments Information Act of 2002 (Public Law No: 107-300)

-   Internal Revenue Service Restructuring and Reform Act of 1998 (IRS
    RRA)\
    (Public Law No. 105-206)

-   Omnibus Reconciliation Act of 1993 (Public Law No. 103-66)

-   Paperwork Reduction Reauthorization Act of 1986 (Public Law No.
    104-13)

-   Prompt Payment Act of 1982 and Amendments of 1996 (Public Law No.
    97-177)

-   Rehabilitation Act Amendments of 1998 (Workforce Investment Act)
    (Public Law No. 106-246)

-   Sarbanes-Oxley Act of 2002 (Public Law No. 107-204)

# U.S. Code

-   5 U.S.C. § 552 contains provisions of the Freedom of Information
    Act.

-   31 U.S.C. § 1301(a) (the "Purpose Statute") requires that monies be
    expended only for the purposes for which appropriations were made.

-   31 U.S.C. §§ 1341, 1342, 1349--51, and 1511--19 (jointly referred to
    as the "Anti-deficiency Act") prohibit obligating more money than an
    agency has or before it gets the money, accepting voluntary services
    or monies not specifically allowed by law, and obligating more money
    than has been appropriated or allotted in a time period.

-   31 U.S.C. § 1501 (the "Recording Statute") requires that an
    obligation be recorded when, and only when, it is supported by
    written evidence of a binding agreement (an offer and its
    acceptance) for goods or services for a purpose authorized in the
    appropriation.

-   31 U.S.C. § 1502 (a) (the "Bona Fide Needs Statute") requires that
    obligations against an appropriation be limited to a specific time
    period and that obligations be charged to the appropriation in force
    when the obligation is made.

-   31 U.S.C. §§1551--1557 (Closed Accounts subchapter) contains the
    M-year legislation which requires that all Federal agencies close
    fixed-year appropriation accounts and cancel any remaining balances
    by September 30th of the 5th year after the period of availability
    began.

-   31 U.S.C. § 3302 (b) (the "Miscellaneous Receipts (Deposit)
    Statute") requires that, except for trust funds and revolving funds,
    collected monies from any source be deposited in the Treasury as
    soon as practicable without deduction for any charge or claim.

-   31 U.S.C. § 3512 requires the head of each executive agency to
    establish and maintain systems of accounting and internal control
    designed to provide effective control over, and accountability for,
    all assets for which the agency is responsible.

-   44 U.S.C. § 3101 addresses records management within Federal
    agencies.

-   5 CFR 1315 is the codification of former OMB Circular A-125, *Prompt
    Payment*.

# Statements of Federal Financial Accounting Standards[^1]

-   SSFAS 1, *Statement of Federal Financial Accounting Concepts*

-   SFFAS 3, *Accounting for Inventory and Related Property*

-   SSFAS 4, *Managerial Cost Accounting Concepts and Standards*

-   SSFAS 5, *Accounting for Liabilities of the Federal Government*

-   SFFAS 7, *Accounting for Revenue and Other Financing Sources*

-   SSFAS 10, *Accounting for Internal Use Software*

# Office of Management and Budget Guidance

-   OMB Circular A‑11, *Preparation, Submission, and Execution of the
    Budget*

-   OMB Circular A-25, *User Charges*

-   OMB Circular A-76, *Performance of Commercial Activities
    (05/29/2003) (includes technical correction made by OMB Memorandum
    M-03-20, 08/15/2003)*

-   OMB Circular A-109, *Policies for Acquiring Major Systems*

-   OMB Circular A‑123, *Management Accountability and Control*

-   OMB Circular A‑127, *Financial Management Systems*

-   OMB Circular A‑130, *Management of Federal Information Resources*

-   OMB Circular A-134, *Financial Accounting Principles and Standards*

-   OMB Circular A-136, *Financial Reporting Requirements*

-   M-03-13, *[Implementation Guidance for the Improper Payments
    Information
    Act](http://www.whitehouse.gov/omb/memoranda/m03-13-attach.pdf),*
    May 21, 2003

-   M-04-04, *E-Authentication Guidance for Federal Agencies*, December
    16, 2003

-   M-04-11, *Service Organization Audits*, April 30, 2004

-   Revised Frequently Asked Questions Regarding OMB Circular A-123,
    Management's Responsibility for Internal Control, Appendix A, dated
    April 13, 2006.

[]{#__RefHeading___Toc140604809 .anchor}

# Treasury Financial Manual

-   I TFM-2-3100, Instructions for Disbursing Officers' Reports

-   I TFM-2-3300, Reports of Agencies for which the Treasury Disburses

-   I TFM-2-4000, Federal Agencies' Centralized Trial-Balance System

-   I TFM-2-4100, Debt Management Reports

-   I TFM-6-5000, Administrative Accounting Systems Requirements

-   I TFM-6-8040, Disbursements

-   I TFM-6-8500, Cash Forecasting Requirements

# Other Federal Standards, Guidelines, and Regulations

-   2006 ACH Operating Rules & Guidelines, 2006

-   Electronic and Information Technology Accessibility Standards, 2000
    (issued by the U.S. Access Board)

    -   Section 508 of the Workforce Investment Act of 1998

-   Federal regulations established by the [National Archives and
    Records Administration](http://www.nara.gov/)

-   Federal regulations issued by the National Institute of Standards
    and Technology, such as:

    -   SP 500-233 A Manager\'s Guide for Monitoring Data Integrity in
        Financial Systems, Roger Sies; February 1996.

    -   SP 800-37, Guide for the Security Certification and
        Accreditation of Federal Information Systems, May 2004

    -   SP 800-53, Revision 1 (draft) Recommended Security Controls for
        Federal Information Systems, February 28, 2006

    -   Federal Information Processing Standards (FIPS) documents,
        specifically

        -   FIPS 199, Standards for Security Categorization of Federal
            Information and Information Systems, February 2004

        -   FIPS 200, Minimum Security Requirements for Federal
            Information and Information Systems, March 9, 2006

# Federal Financial Management System Requirements

-   Acquisition Financial System Requirements, June 2002

-   Benefit System Requirements, September 2001

-   Core Financial System Requirements, January 2006

-   Direct Loan System Requirements, June 1999

-   Framework for Federal Financial Management Systems, May 2004

-   Grant Financial System Requirements, June 2000

-   Guaranteed Loan System Requirements, March 2000

-   Human Resources and Payroll System Requirements, April 1999

-   Insurance System Requirements, June 2006

-   Inventory, Supplies, and Materials System Requirements, August 2003

-   *Managerial Cost Accounting Implementation Guide*, February 1998

-   *Property Management System Requirements*, October 2000

-   *Revenue System Requirements Document*, January 2003

-   *Seized Property and Forfeited Assets System Requirements*, December
    1999

-   *System Requirements for Managerial Cost Accounting*, February 1998

-   *Travel System Requirements*, July 1999

# Additional Administrative Security Requirements

-   DoD Standard 5015.2 for electronic archiving

-   Statement on Auditing Standards (SAS) No. 70, *Service
    Organizations*, 2002 (issued by the American Institute of Certified
    Public Accountants (AICPA)).   

[^1]: Issued by the Federal Accounting Standards Advisory Board (FASAB).
    OMB Circular A-134 and the American Institute of Certified Public
    Accountants (AICPA) recognizes FASAB standards as ''generally
    accepted accounting principles'' (GAAP).