# Presentation: 491185

## Anticipated ChangesSF133 and SBR

- Kathy Winchester
- USSGL Staff
- USSGL Board Meeting
- April 26, 2008

## Anticipated ChangesSF133 – FY 08

- 1. Unobligated balance, start of year:
- 	A. Brought forward, October 1
*	**B. Adjustment to unobligated balance brought forward , October 1*
- 12. Obligated balance, net, start of year:
- 	A. Unpaid obligations, start of year:
- 		1. Unpaid obligations, brought forward, October 1
- 	*	**2. Adjustment to unpaid obligations, brought forward, October 1*
- 	B. Uncollected customer payments from Federal sources, start of year:
- 		1. Uncollected customer payments from Federal sources, brought forward, 	October 1
- 	*	**2. Adjustment to uncollected customer payments from Federal sources, **	**brought forward, October 1*

- OMB Circular No. A-11 is expected to be
- updated soon and will reflect the SF-133
- changes italicized below.

## Anticipated ChangesSF133 – FY 08

- New attribute for the first release of FY 2008
- 	FACTSII Attribute Table
- FACTSII Bulk file will be updated for the new attribute.  Existing character to be used – overall file length not changed.
- New SF-133 crosswalk will *not  *be included in the first FY 2008 release of USSGL Crosswalk to the SF-133.  Will be published within 6 weeks of the OMB- established implementation date.

**What’s changing for the USSGL and FACTSII?**

## Anticipated ChangesSF133 – FY 08

- Attribute Name: **PRIOR_YEAR_ADJUSTMENT**
- Shortened Screen View Name: **PY ADJ**
**Attribute Definition:**  Changes to obligated balances that occurred in the previous fiscal year but were not recorded on October 1 of the current fiscal year. Excludes upward and downward adjustments to obligations and most reclassifications from F3885.

**Notes:**
F3885 Undistributed Intragovernment Payments
F3885 Undistributed Intragovernment Payments

## Anticipated ChangesSF133 – FY 08

**How will these adjustments be reported?**
- 	Adjustments will be reported as current year activity. The new attribute domain value should be appended to the “regular” USSGL account along with the other appropriate attribute domain values.
**Example:  **Additional 4119 should have been reported in the prior year.
**	****	****USSGL       Begin/          Pub.              TAFS        PY**
**	****	**_**Acct            End**__**	**__**         Law No.        Status      ADJ**_
- 		4119 	      E                 ###-###              U             P

## Anticipated ChangesSBR

**What changes are expected for the Statement of Budgetary Resources (SBR)?**
- 	No major changes to the format of the FY 2008 SBR requirements in OMB Circular No. A-136 are anticipated at this time.  However, changes to Footnote 34 are anticipated.
**How will the USSGL crosswalk to the SBR?**
- 	The USSGL crosswalk to the SF-133/SBR will remain as a single crosswalk.  The new lines for the SF-133 will be *Not Applicable* to the SBR.

**Notes:**
Materiality is the issue.  The SBR will not record immaterial adjustments to beginning balances.  The SF-133 will.  The SBR records material adjustments as restatements therefore the SF-133 vs SBR reconciliations will be off by amount of immaterial adjustments.

## Other changes to budgetary reporting requirements expected?

- OMB is expected to release changes to OMB Circular A-136, Note 34.
- It is expected that this amendment will require a ***quarterly ***analysis in quarters 1-3 of the material differences between the SBR and the Agency-wide SF-133 published by OMB at the following website: 	*http://www.whitehouse.gov/omb/reports*
- These requirements are expected to be implemented during ***FY 2007. ***
- Be on the lookout for this new guidance.

## Anticipated ChangesSF133 and SBR